Ricky Womack
Red Oak,TX
Summary
Dedicated Mortgage professional with history of meeting company goals utilizing consistent and organized practices. Skilled in working under pressure and adapting to new situations and challenges to best enhance the organizational brand.
Overview
10
10
years of professional experience
Work History
Mortgage Underwriter
Encompass Lending Group
Katy, Texas
03.2021 - 03.2022
- Verified integrity of applicants' information to minimize fraud.
- Determined credit risks by reviewing files in advance and comparing data against internal checklists and guidelines.
- Made careful determinations based on skilled analyses of submitted documentation covering credit histories, employment records and current financial status.
- Met 24-hour timeline consistently, turning around applications quickly with firm approval or denial decisions.
- Maintained mortgage program compliance with federal agencies such as HUD, FHLMC, and FNMA.
- Monitored pipelines to track and log status of loans.
- Checked personal and team calculations to validate information and underwriting decisions.
Mortgage Underwriter
Mr Cooper
Irving, TX
09.2020 - 03.2021
- Verified integrity of applicants' information to minimize fraud.
- Determined credit risks by reviewing files in advance and comparing data against internal checklists and guidelines.
- Made careful determinations based on skilled analyses of submitted documentation covering credit histories, employment records and current financial status.
- Applied grades to each loan application based on established criteria to keep institutional risk low.
Underwriter
Recovco
Irving, TX
03.2020 - 09.2020
- Remained updated with latest information related to mortgage products and services being offered.
- Analyzed credit, income, compliance, title documents and appraisals during underwriting process.
- Evaluated pay stubs, credit history, tax information and bank statements for financial status.
- Explained legal aspects of loan to borrower, as well as payment terms and clauses.
- Collaborated with and facilitated communications between borrowers and lenders to obtain ideal loans for home purchases.
- Assessed clients' financial data to determine loan suitability.
- Evaluated debt ratio, loan-to-value ratios, credit scores property valuations and various other factors when making underwriting decisions.
- Discussed property liquidation options with customers.
- Provided reinstatement and payoff quotes to clients.
- Followed through with borrowers, loan processors, loan originators and managed all phases of underwriting process.
- Supported review and acceptance or denial of new or renewal business.
- Determined and documented loan conditions and communicated requirements and decisions.
AML Analyst
Moneygram
Friscot, TX
03.2019 - 03.2020
- Maintained fraud analysis models to improve company systems.
- Investigated fraud referrals and performed research to minimize risk and resolve inquiries.
- Documented research findings to support risk-based decision-making and resolution to escalated fraud incidents.
- Communicated with Compliance Manager to thwart potential money laundering or terrorist financing.
- Read fraud and security risk management-related articles and white papers and took part in webinars to keep abreast of changes in fraud and security landscape.
- Interacted with law enforcement agencies, regulators and financial institutions to coordinate investigations related to fraudulent activities.
- Identified threats, vulnerabilities and suspicious behavior patterns to recommend mitigation measures.
- Resolved problems concerning loan investment portfolios, capital and specific or large troubled accounts.
Loss Mitigation Underwriter/Mortgage Underwriter
Recovco
Irving, TX
03.2017 - 03.2019
- Developed spreadsheet models for diverse projects and analysis.
- Created and maintained precise and accurate models, charts and reports.
- Monitored and analyzed financial, statistical and operational data trends.
- Reviewed weekly and monthly budget performance reports, ensuring departments and agencies operated within allocated budgets and investigated excessive expenses and reporting discrepancies.
- Presented results of financial analyses to clients verbally and in written form.
Underwriter
Capital One
Plano, TX
09.2012 - 02.2017
- Supported review and acceptance or denial of new or renewal business.
- Determined and documented loan conditions and communicated requirements and decisions.
- Analyzed credit, income, compliance, title documents and appraisals during underwriting process.
- Reviewed applications for insurance coverage and reports from loss control specialists to determine risks.
- Evaluated debt ratio, loan-to-value ratios, credit scores property valuations and various other factors when making underwriting decisions.
- Followed through with borrowers, loan processors, loan originators and managed all phases of underwriting process.
- Examined potential loss stemming from catastrophe, severity or frequency of possible loss.
- Controlled loss by assessing risk, conducting system analysis and recommending policy solutions.
- Identified portfolio risks resulting from client's underlying business practices, underwriting investigations or fraud exposure.
- Quickly learned new skills and applied them to daily tasks, improving efficiency and productivity.
- Review Purchase/Refinance mortgages and defended lenders from FNMA, FHLMC and MI claims.
Loss Mitigation Underwriter
CoreLogic
Westlake, TX
02.2012 - 08.2012
- Developed spreadsheet models for diverse projects and analysis.
- Created and maintained precise and accurate models, charts and reports.
- Monitored and analyzed financial, statistical and operational data trends.
- Reviewed weekly and monthly budget performance reports, ensuring departments and agencies operated within allocated budgets and investigated excessive expenses and reporting discrepancies.
Education
High School Diploma -
Lamar High School
Arlington, TX05.1992
Skills
- LexisNexis Software
- Automated Underwriting Systems
- Community Reinvestment Act
- Creditworthiness Determination
- Financial History Analysis
- Customer Relations
- Desktop Underwriter
- Mortgage Lending Requirements
- Loan Modification
- 10-Key Typing
- Application Reviews
Fantasy Football, Praise Team, Vacations, Family
I am a sports fan pretty much any teams are the 49ers. Sing on the praise team at my church, big fan of vacations whether all inclusive or on cruise ships. Love my family spend quality time with them whether celebrating birthdays, holidays or milestones.
Timeline
Mortgage Underwriter
Encompass Lending Group
03.2021 - 03.2022
Mortgage Underwriter
Mr Cooper
09.2020 - 03.2021
Underwriter
Recovco
03.2020 - 09.2020
AML Analyst
Moneygram
03.2019 - 03.2020
Loss Mitigation Underwriter/Mortgage Underwriter
Recovco
03.2017 - 03.2019
Underwriter
Capital One
09.2012 - 02.2017
Loss Mitigation Underwriter
CoreLogic
02.2012 - 08.2012
High School Diploma -
Lamar High School
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