Rebecca Alavi
Second Level Loss Mitigation Underwriter
Ocala,FL
Summary
Detail-oriented Loss Mitigation Underwriter skilled in underwriting guidelines, default management, and collateral valuation. Proven ability to streamline processes and ensure compliance, enhancing operational efficiency.
Accomplished Loss Mitigation Underwriter with expertise in loan modification and foreclosure prevention. Proven ability to analyze risk and streamline processes, ensuring compliance and enhancing efficiency.
As second level loss mitigation underwriter, review first level underwriter to ensure all policy and procedure was preformed on each customer.
Overview
17
17
years of professional experience
Work History
Loss Mitigation Underwriter
WELLS FARGO HOME LENDING
12.2008 - 02.2026
- Evaluated borrower financials to determine eligibility for loss mitigation options along with review customer hardship and supporting documentation.
- Analyzed property values and collateral data to assess risk levels in underwriting decisions.
- Collaborated with cross-functional teams to streamline loan modification processes and enhance efficiency. Including order and evaluate any required third-party documentation including review of credit reports, title reports, and valuations.
- Reviewed documentation for compliance with regulatory guidelines and company policies, ensuring accuracy and completeness.
- Complete reviews of incoming assistance packages to confirm property acknowledgement.
- confirm basic eligibility criteria to be used for investor waterfall programs.
- Review prior workout history for the life of the loan and during the current delinquency episode.
- Recommend assistance application decisions based on all investors waterfall financial, basic eligibility and term calculation requirements.
- Confirm property reporting of approved workouts to all required investor systems.
Education
No Degree -
Palomar College
San Marcos, CA1988
Skills
- Underwriting guidelines for each investor portfilios
- Default underwriting, Ensure timely production and mailing of all decision letter and communications
- Loan modification-second level reviewer (2010-2026)
- Short sale negotiation (2008-2010)
- Loss mitigation fool used (Black knight, MSP, Ecar)
- Problem-solving abilities for each investors (Fannie Mae, Freddie Mac along with private Bank portfolios, and FHA)
- Escalation resolution Each customers hardship is unique , therefore there will be times when upper management will need to get involved to ensure proper decision was made
- Problem-solving Review waterfall on each file to ensure all applicable solution was reviewed
- Multitasking Abilities, each file will need to be reviewed for all waterfall, therefore multitasking is vital
- Team collaboration to ensure day to day changes to each portfolios
- Attention to detail
Accomplishments
2024 Yearend review:
Manager Overall Evaluation Rating: Exceeds Comment: Becky and an excellent year in 2024. She exceeded production and quality goals by being in the top 10% in production and exceeding the quality goal even with all the changes that have occurred this year. This shows her focus on getting decision out the door in a timely manner and with top quality. I appreciate Becky’s willingness to always assist her peers who reach out with questions because it can impact production, and some individuals are not always willing to provide the same assistance. Thank you, Becky for all your hard work and dedication
Timeline
Loss Mitigation Underwriter
WELLS FARGO HOME LENDING
12.2008 - 02.2026
No Degree -
Palomar College