Penny Sherley
Oklahoma City,OK
Summary
Achievements include reducing risk while improving company profits by applying exceptional skills in decision-making, critical thinking and problem-solving. Builds productive relationships, facilitates communication and prioritizes work for optimum productivity.
Overview
30
30
years of professional experience
Work History
Senior Underwriter Audit
Citigroup
Irving, Texas
07.2008 - 07.2016
- Maintained up-to-date knowledge of industry trends, best practices, government regulations, market conditions.
- Performed quality control reviews on all approved and declined loans prior to closing.
- Attended conferences, seminars and training sessions related to mortgage banking operations.
- Managed multiple tasks simultaneously while meeting tight deadlines.
- Issued clear written conditions for approval of mortgage loans.
- Maintained up-to-date knowledge of changing laws and regulations related to mortgage lending.
- Reviewed and analyzed loan applications for completeness and accuracy.
- Prepared detailed underwriting reports for management review.
- Calculated debt-to-income ratios to ensure compliance with industry standards.
- Evaluated collateral properties to assess market value.
- Verified employment history and income of applicants.
- Identified potential issues related to title, appraisals, insurance coverage.
- Assessed risk levels associated with each loan application based on established criteria.
- Analyzed financial documents such as tax returns, bank statements, pay stubs, and credit reports to determine borrower's ability to repay the loan.
- Participated in professional development activities such as webinars and seminars.
- Researched applicant employment and financial histories to confirm document accuracy.
- Analyzed loan risk and reviewed loan conditions and requirements.
- Reviewed and evaluated loan applications and supporting documents.
- Maintained compliance with company and regulatory policies.
- Determined loan eligibility and approved or rejected applications.
- Resolved document mistakes and discrepancies and identified signs of fraudulent activity.
- Addressed and resolved underwriting discrepancies and sought additional information as needed.
- Conducted thorough reviews of self-employed applicants' income to ascertain sustainable earnings for loan repayment.
- Performed detailed asset analysis to prevent fraud and verify sources of funds for closing.
- Evaluated borrower's financial information, including credit history, income, and assets to determine loan viability.
- Reviewed and verified loan application documents for compliance with lender criteria and federal regulations.
- Monitored and complied with all federal, state, and local regulatory requirements.
- Maintained up-to-date knowledge of changing lending regulations and guidelines.
- Calculated debt-to-income ratios to assess borrowers' ability to repay loans.
- Analyzed property appraisals to ensure value and condition meet loan requirements.
- Ensured loans met all underwriting guidelines for government-sponsored entities (GSEs) such as Fannie Mae and Freddie Mac.
- Reviewed titles and appraisals to validate properties to meet insurer and guarantor guidelines.
- Interpreted complex financial statements and tax returns to assess borrowers' financial stability.
- Analyzed applicant assets and credit history to determine willingness and capacity to repay proposed mortgage obligation.
- Analyzed applicant financial and credit status, evaluating assets and risk to determine loan feasibility.
- Reviewed credit histories from applicants and determined feasibility of granting requested loans.
- Reviewed loan agreements to verify completeness and accuracy according to applicable policies.
- Stayed abreast of lending regulations, industry trends and market rates.
Senior Underwriter
Franklin American Mortgage Co
Las Colinas, TX
07.2007 - 07.2008
- Researched new products available in the marketplace that could benefit customers while minimizing risk exposure.
- Appraised value of collateral properties to determine their acceptability as security for loans.
- Collaborated with internal departments to resolve issues related to customer complaints or discrepancies in loan documentation.
- Conducted testing of software and systems to ensure quality and reliability.
- Prioritized and organized tasks to efficiently accomplish service goals.
- Managed time effectively to ensure tasks were completed on schedule and deadlines were met.
- Completed day-to-day duties accurately and efficiently.
- Demonstrated strong problem-solving skills, resolving issues efficiently and effectively.
- Utilized advanced technical skills and expertise to troubleshoot complex problems and implement solutions.
Education
High School Diploma -
05-1974
Skills
- Industry Trends
- Cost-benefit analysis
- Managing risk
- Quality Assurance
- Data Interpretation
- Building strong relationships
- Trend Analysis
- Risk Management
- Guidelines knowledge
- Risk evaluations
- Quality Control
Timeline
Senior Underwriter Audit - Citigroup
07.2008 - 07.2016
Senior Underwriter - Franklin American Mortgage Co
07.2007 - 07.2008
Altus High School - High School Diploma,
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