Penny Randel
Glendale,AZ
Summary
Skilled Underwriter with 10+ years of related experience. Good analytical skills, knowledge of industry and guidelines. Conventional underwriting, Heloc Underwriting. DU/LP, TX 50 A6 loans. Common sense and risk assessment knowledge. Adaptable, flexible and quick learner.
Overview
18
18
years of professional experience
Work History
Sr. Mortgage Underwriter
Loandepot
Glendale, AZ
04.2023 - Current
- Heloc Sr. Mortgage Underwriter. Manual Underwriting. Rental, Business, Wage, Retirement, Commission , Bonus, and other forms of income review. Title, AVM, review also TX 50-A6 loan reviews. Credit report reviews and fraud review.
- Evaluated mortgage loan risk based on sound underwriting decisions.
- Reviewed appraisals to ensure accuracy and compliance with company standards.
Sr. Mortgage Underwriter
Ascendum Solutions
08.2020 - 01.2023
- Underwriting of Agency Conforming and Non-conforming Purchase and Refinance loans. Home Ready, Manufactured, New Build type loans. Working in Meridian Link.
- Encompass, Calyx Point, MX experience
- DU/LP on daily basis
- Tax Return Review for Self Employed, Rental, Commission, Bonus, Wage income reviews.
- Appraisal, Title, Condo
- Credit report review
- Data Verify Reviews
- Purchase Contract Reviews
- Texas Loans and 50A6 Cashout/No Cashout Knowledge
Sr. Loan Underwriter
JG Wentworth
06.2019 - 08.2019
- Company Overview: JG Wentworth Mortgage Dept. was bought out by Freedom Mortgage in Oct of 2020.
- Processing of Agency/Non-Agency Loans; FHA, VA Purchases and Refinances.
- Daily use of DU/LP
- Purchase contract review
- Encompass LOS currently being used
- Credit report review
- Review of Title, Appraisal, Income docs, Tax returns
- Calculation of income prior to underwriter approval to include retired, W2 wage earner, business and rental income.
- 35-45 loans in pipeline
- Data verify fraud review
- Accurate review of applications
- Daily customer service for completion of applications and other documents needed to complete loan process. Relaying approval or denial explanations as needed.
- FHA Connection and VA portal access and use on when needed for Government loans.
- JG Wentworth Mortgage Dept. was bought out by Freedom Mortgage in Oct of 2020.
Underwriter III
JPMorgan Chase & Co.
05.2017 - 01.2019
- Underwriting and conditioning of Jumbo, Conventional Purchases and Refinances.
- Agency/Non-Agency Loans. DU/LP on daily basis
- Purchase contract review
- Thorough knowledge of Business and Personal tax returns.
- Asset review, knowledge of red flags
- Loan Officer contact when needed on loan applications
- Complete application reviews
- Credit report review
- Income calculations of Business Returns, Rental Income, Wage Earner, Retirement Income, Dividend, Asset Income, Schedule C.
- Appraisal and Title Review with requests for revisions as needed
- Data verify fraud review
Underwriter IV
Toll Brothers/Builder
08.2015 - 05.2017
- Underwriter for New Build Purchases, Agency/Non-Agency loans/Jumbo Loans.
- Underwriting Initial application and then final when home was built and ready for closing.
- Builder New Construction Loans mostly Jumbo.
- Conditioned the loan with documents needed to complete the application process.
- Calculation of Business Income, Rental Income, Wage Earner, Retirement Income, Asset Income, Dividend Income
- Title and Appraisal Review and request of revisions as needed
- Review and completion of loan application
- New Construction Purchase Contract Review
- Finalization and Approval of the loan once construction completion was achieved.
- Worked with numerous lenders and had to adhere to their specific guidelines and had to have good multi-tasking experience.
- Data Verify Fraud Review
- Credit Report Review
- Hybrid work
Conventional Mortgage Underwriter
Wells Fargo
10.2008 - 08.2015
- Underwriting of Conventional, Purchases and Refinances.
- Income review of Business, Rental, Wage Earner, Retirement, Dividend and Assets.
- Review of Assets
- Credit report review
- Title and Appraisal review with request for revisions as needed.
- Daily use of DU/LP
- Conditioning of documents for loan application completion
- Was chosen to be on a Income Only Team during my time at Wells Fargo and had thorough training in Business and Rental and Wage Income review.
- Purchase contract review
- Data verify fraud review
Education
Some College (No Degree) - Business
GCC
Glendale, AZSkills
- Personal and Business Tax Return Review
- Business Tax Review
- Analytical Skill
- Committed to achieving excellence in my role
- Team Player
- I consistently go above and beyond in my tasks
- Asset Review
- Remote Worker
Timeline
Sr. Mortgage Underwriter
Loandepot
04.2023 - Current
Sr. Mortgage Underwriter
Ascendum Solutions
08.2020 - 01.2023
Sr. Loan Underwriter
JG Wentworth
06.2019 - 08.2019
Underwriter III
JPMorgan Chase & Co.
05.2017 - 01.2019
Underwriter IV
Toll Brothers/Builder
08.2015 - 05.2017
Conventional Mortgage Underwriter
Wells Fargo
10.2008 - 08.2015
Some College (No Degree) - Business
GCC