Rebecca Tiek-Shrum
Wentzville,MO
Summary
Seasoned, meticulous, detail-orientated Mortgage Underwriter with over 19 years experience in mortgage industry. Posses strong critical thinking and analytical skills, as well as excellent organizational skills with commitment to highest standards of quality. Maintains consistency, efficiency and is a dedicated team player with commitment to achieving business goals as well as personal goals. Proficient in reviewing applications and processing elaborate supporting documentation. Maintains consistent pipelines and quick turnaround times with skilled handling of each customer's needs.
Overview
19
19
years of professional experience
Work History
Real Estate Admin & Secondary Market Coordinator
Together Credit Union
St. Louis, MO
10.2023 - Current
- Compiled Rates and posted them internally where Mortgage Loan Officers, Management and others can see, as well as posted them externally on our website.
- Funded Loans within our Loan Operating System.
- Established relationships with investors in order to facilitate the sale of loans on the secondary market.
- Sold and Shipped loans within our Loan Operating Systems to 3rd Parties; such as, Fannie Mae & Federal Home Loan Bank.
- Maintained accurate records of all transactions related to Secondary Marketing operations.
- Locked Loans within our LOS and our 3rd party vendor.
- Got Off Sheet Pricing when Standard rates weren't available.
- Resolved post-closing issues related to loan funding discrepancies.
- Communicated effectively with other departments within the organization to resolve issues quickly and efficiently.
- Validated accuracy of figures used in calculations such as debt-to-income ratio, loan amount and interest rate.
- Worked on HMDA Reports and fixed discrepancies between report and our LOS.
- Verified accuracy of data entered into the system by other team members.
- Tracked & Compiled multiple different Reports for Management.
Mortgage Loan Underwriter
Together Credit Union
St. Louis, MO
10.2021 - Current
- Reviewed loan applications to determine borrower's creditworthiness and eligibility for mortgage loans.
- Analyzed financial data including income, assets, debts and liabilities of borrowers.
- Evaluated credit reports, appraisals, title reports and other documentation related to the loan application.
- Determined whether or not to approve or deny loan requests based on established underwriting guidelines.
- Provided guidance and advice to loan officers regarding complex loan scenarios.
- Prepared detailed written analyses of each loan request and submitted them for review by senior underwriters.
- Collaborated with other departments such as processing, closing and funding in order to ensure a smooth transaction process.
- Ensured all applicable laws were adhered to during the underwriting process.
- Maintained up-to-date knowledge of industry trends and changes in government regulations affecting mortgages lending.
- Identified potential risks associated with particular loan products or applicants.
- Updated status information in company systems accurately so that all stakeholders have access to accurate data at all times.
- Analyzed tax returns and financial statements to determine ongoing cash flow to support loan repayment.
- Requested additional information for applications and documents when necessary.
- Analyzed loan risk and reviewed loan conditions and requirements.
- Evaluated loans against portfolio and investor guidelines.
- Determined loan eligibility and approved or rejected applications.
- Collaborated with loan originators and processors to correctly review and assess applications and risks.
- Attended regular meetings with management team members discussing current market conditions impacting mortgage transactions.
Mortgage Underwriter
First Community Credit Union
Chesterfield, Missouri
03.2009 - Current
- Evaluated debt ratio, loan-to-value ratios, credit scores property valuations and various other factors when making underwriting decisions
- Met 24-48 hour timeline consistently, turning around applications quickly with firm approval or denial decisions
- Determined credit risks by reviewing files in advance and comparing data against internal checklists and guidelines
- Evaluated performance of less experienced underwriters and helped improve overall work quality by implementing improvement plans
- Worked with processing team members to communicate errors and obtain missing information for current applications
- Made careful determinations based on skilled analyses of submitted documentation covering credit histories, employment records and current financial status
- Maintained mortgage program compliance with federal agencies such as FNMA
- Determined and documented loan conditions and communicated requirements and decisions
- Used Desktop Underwriter
- Analyzed credit, income, compliance, title documents and appraisals during underwriting process
- Followed through with borrowers, loan processors, loan originators and managed all phases of underwriting process
- Complied with regulatory requirements, including Bank Secrecy Act, Anti Money Laundering, OFAC, USA Patriot Act, Privacy Act and Community Reinvestment Act.
Mortgage Processor
Beneficial/HSBC Finance Corporation
O'Fallon, Missouri
11.2004 - 03.2009
- Reviewed financial statements and contacted institutions and customers to clarify details
- Interviewed clients regarding loan needs and financial histories and conveyed information regarding application processes
- Worked with customers in person and via telephone to answer questions, process transactions and resolve issues
- Set up and completed loan submission packages
- Handled any conditions sent from underwriting departments
- Produced and submitted completed loan packages to title and escrow professionals
- Collected and compiled paperwork such as title abstracts, insurance paperwork, loan files and tax histories
- Conducted pre-funding and funding activities for applications
- Communicated acceptance or rejection to applicants via mail, email, telephone or personal consultations
- Verified credit histories, personal references and employment backgrounds for each applicant
- Set up, stored and updated customer files, department records and regulatory paperwork
- Consulted with outside vendors to identify and resolve loan closing issues
- Filed completed loan applications with underwriting and made approval or denial recommendations
- Reviewed and validated details of loan applications and closing documentation
- Evaluated customers needs for Credit Life, Disability and Unemployment coverage and sold products to them
- Performed Daily, Weekly and Monthly Reporting
- Processed loan funding loans, cut checks to creditors and customers and handled wires
- Made outbound calls and assessed customer's needs
- Tracked leads and made follow up calls weekly
- Consistently achieved company set Goals
- Managed over 50 customer calls per day.
Education
Associate of Arts - Business Management
St Charles Community College
01.2003
General Studies -
Southeast Missouri State University
Business Management -
University of Missouri - St Louis
Skills
- Conventional Loans
- Knowledge of automated underwriting such as Desktop Underwriter
- Debt-to-Income Ratios
- Strong verbal & written communication skills
- Excellent Customer service
- FNMA Guidelines
- Federal Home Loan Bank Guidelines
- Jumbo Loans
- Residential Loans
- Loan to Value Ratio Calculations
- Ability to manage multiple tasks, projects and deadlines
- Deep knowledge of bankruptcy processes
- Proficient in 10-key
- Proficient knowledge of credit policies, Federal guidelines and approval process
Timeline
Real Estate Admin & Secondary Market Coordinator
Together Credit Union
10.2023 - Current
Mortgage Loan Underwriter
Together Credit Union
10.2021 - Current
Mortgage Underwriter
First Community Credit Union
03.2009 - Current
Mortgage Processor
Beneficial/HSBC Finance Corporation
11.2004 - 03.2009
Associate of Arts - Business Management
St Charles Community College
General Studies -
Southeast Missouri State University
Business Management -
University of Missouri - St Louis
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