ROWAN RAMSARAN
Deer Park,NY
Summary
Adept at mortgage underwriting and fraud detection, significantly enhanced loan approval rates and customer satisfaction here at Enact Mortgage Insurance Company. Leveraging expertise in SONYMA guidelines and strong decision-making skills, compliance and risk assessment accuracy, fostering robust relationships with investors and clients.
Overview
27
27
years of professional experience
Work History
Senior Mortgage Underwriter
Enact Mortgage Insurance Company
10.2016 - Current
- Determined credit risks by reviewing files in advance and comparing data against internal checklists and guidelines.
- Verified integrity of applicants' information to minimize fraud.
- 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.
- Assisted management with special projects as assigned, demonstrating adaptability and commitment to organizational success.
- Contributed to the development of departmental guidelines and procedures by actively participating in meetings and sharing expertise as needed.
- Demonstrated sound decision-making in approving or denying loans based on comprehensive assessments of borrower''s creditworthiness and risk factors.
- Maintained a high level of customer satisfaction by providing timely responses to inquiries and addressing concerns promptly.
- Developed strong relationships with clients, realtors, and other stakeholders to facilitate smooth communication throughout the mortgage process.
- Reviewed team underwriting decisions to identify incorrect actions and reverse previous decisions when merited.
- Collaborated with multiple departments for seamless loan approval process, ensuring all necessary information was accurately documented and communicated.
- Continuously updated industry knowledge through professional training sessions, seminars, conferences, and self-directed learning efforts.
- Enhanced loan quality by meticulously reviewing and analyzing complex financial documents, credit reports, and appraisals.
- Effectively communicated underwriting decisions to relevant parties, providing clear explanations for any required conditions or stipulations.
- Mitigated risks associated with loan approvals, conducting thorough due diligence on borrower profiles and property valuations.
- Collaborated with loan officers and processors to obtain additional information and resolve discrepancies.
- Evaluated loan applications, determining creditworthiness, assessing risk and establishing loan conditions.
- Developed and maintained relationships with investors to drive compliance with guidelines.
- Evaluated loan requests and documents to verify accuracy and completeness.
- Developed and maintained relationships with customers, lenders and other third parties.
Mortgage Underwriter
Headway Workforce
11.2004 - 10.2017
- Approved or denied loans based on established criteria and underwriting guidelines.
- Identified possible fraud risks through meticulous evaluation of application materials, protecting both lenders and homebuyers from potential losses.
- Analyzed and verified applicant income, assets and credit history to support compliance with underwriting guidelines.
- Determined credit risks by reviewing files in advance and comparing data against internal checklists and guidelines.
- Worked with processing team members to communicate errors and obtain missing information for current applications.
- Increased customer satisfaction by providing timely feedback on application status and addressing potential issues promptly.
- Supported the loan origination team by providing expert knowledge and guidance on complex underwriting scenarios, enabling well-informed decisions in challenging cases.
- Maintained open lines of communication with internal stakeholders such as processors, closers, and sales representatives to ensure a seamless mortgage underwriting process.
- Verified integrity of applicants' information to minimize fraud.
- Achieved high levels of accuracy in data entry and analysis, ensuring streamlined processes throughout the mortgage underwriting lifecycle.
- Made careful determinations based on skilled analyses of submitted documentation covering credit histories, employment records, and current financial status.
- Enhanced risk assessment accuracy by conducting thorough reviews of credit reports, employment history, and income verification documents.
- Demonstrated sound decision-making skills when assessing borrower eligibility based on financial stability, creditworthiness, and collateral value.
- Reviewed appraisals and title documents to verify accuracy and completeness.
- Assisted in training new team members, fostering a collaborative work environment that supported professional growth.
- Evaluated loan applications, determining creditworthiness, assessing risk and establishing loan conditions.
- Provided comprehensive explanations of loan terms and conditions to clients, ensuring full understanding before finalizing agreements.
Mortgage Underwriter
Radian Mortgage Insurance
04.1997 - 11.2004
- Approved or denied loans based on established criteria and underwriting guidelines.
- Analyzed and verified applicant income, assets and credit history to support compliance with underwriting guidelines.
- Determined credit risks by reviewing files in advance and comparing data against internal checklists and guidelines.
- Worked with processing team members to communicate errors and obtain missing information for current applications.
- Increased customer satisfaction by providing timely feedback on application status and addressing potential issues promptly.
- Supported loan origination team by providing expert knowledge and guidance on complex underwriting scenarios, enabling well-informed decisions in challenging cases.
- Verified integrity of applicants' information to minimize fraud.
- Achieved high levels of accuracy in data entry and analysis, ensuring streamlined processes throughout mortgage underwriting lifecycle.
- Negotiated and communicated with loan officers, processors and loan applicants to reach satisfactory loan terms.
- Made careful determinations based on skilled analyses of submitted documentation covering credit histories, employment records, and current financial status.
- Enhanced risk assessment accuracy by conducting thorough reviews of credit reports, employment history, and income verification documents.
- Demonstrated sound decision-making skills when assessing borrower eligibility based on financial stability, creditworthiness, and collateral value.
- Reviewed appraisals and title documents to verify accuracy and completeness.
- Reduced processing time for mortgage applications through diligent management of underwriting tasks.
- Evaluated loan applications, determining creditworthiness, assessing risk and establishing loan conditions.
- Improved loan approval rates by meticulously reviewing and verifying application documentation.
- Developed and maintained relationships with investors to drive compliance with guidelines.
- Identified possible fraud risks through meticulous evaluation of application materials, protecting both lenders and homebuyers from potential losses.
Education
Bachelor of Science - Business Management
C.W.Post
Greenvale, NY05.1988
Skills
- SONYMA Guidelines
- Strong decision-making
- Mortgage industry knowledge
- Loan Underwriting Expertise
- Debt-to-Income Ratios
- Residential Loans
- LTV Calculations
- Jumbo and Super Jumbo Loans
- Application Analysis
- Fraud Detection Abilities
- Financial analysis proficiency
- Appraisal Review Expertise
- Foreclosure Prevention Strategies
Timeline
Senior Mortgage Underwriter
Enact Mortgage Insurance Company
10.2016 - Current
Mortgage Underwriter
Headway Workforce
11.2004 - 10.2017
Mortgage Underwriter
Radian Mortgage Insurance
04.1997 - 11.2004
Bachelor of Science - Business Management
C.W.Post
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