Salvador Ortiz III
La Mesa,CA
Summary
Experienced mortgage loan officer that specializes in VA loans and possesses extensive knowledge of VA guidelines and regulations.
Overview
6
6
years of professional experience
Work History
Mortgage Loan Officer
Veterans First Mortgage
San Diego, California
11.2021 - Current
- Used my experience, knowledge, and judgment in researching, collecting documentation and evaluating such factors as income, reliability of income, current and estimated expenses, credit rating, self-employment earnings, property values, condition of property, and real estate trends and laws
- Reviewing and evaluating the borrower’s ability to reinstate and repay delinquent loans. As well as working with and assisting the borrower with this task
- As the primary loan servicer, I would audit VA loans and ensure adherence to VA regulations and guidelines
- Due to my specialization in VA loans, throughout the years I have gained superior knowledge of the principles, practices, regulations, and policies as they relate to the servicing and liquidation of VA guaranteed loans. This includes Federal and State laws and regulations
- Reviewed and assisted borrowers/Veterans with claims under guaranty (initial, appealed, and supplemental) review the electronic loan docket and supporting documents to ensure the loan and claim comply with VA regulations
- Followed up on Title documents as well as reviewing Title documents for accuracy and completeness
- Communicated clearly and competently with Veterans, real estate attorneys, mortgage banking industry professionals, and services/holders in discussing VA regulations and procedures as well as vetting my loans to ensure VA guidelines were met
- Reviewing and passing upon applications for agricultural, and mortgage loans for my bank. This consist of a variety of different loan types and programs
- Assisting in servicing the loan portfolio of my bank
- Performed financial analysis of many different loan types for investment purposes
- Self-appraising real estate to determine property valuation while originating loans
- Ensuring policies and regulations related to servicing and liquidating home loans are met.
- Performing financial audits and analyzing financial trends in relation to mortgage loans
- Highly experienced in all phases of the loan process including reviewing and passing along applications for agricultural and mortgage loans for my Bank
- Working with the VA to clear up issues with COE's or to update info on borrowers COE's
- Collecting documentation for borrowers VA application and assisting with the request
- Maintaining clear and concise communication with Borrowers
- Specializing in VA backed and guaranteed loans
- Reviewed Appraisals, Title documents, and required Inspections to verify accuracy
Loan Processor
Western Capital Mortgage
San Diego, CA
08.2020 - 11.2021
- Assisting Loan Officers with contacting clients and gathering information and documentation
- "Scrubbing" files and ensuring they have everything needed to proceed
- Completed registration of loan files with lender for approval.
- Provided loan file disclosures to clients during processing.
- Collaborated with loan officers, borrowers, enders, and title to clear conditions and facilitate timely loan closings.
- Reviewed loan applications for completeness and accuracy.
- Collected and verified borrower financial documents.
- Communicated with clients to gather necessary information.
- Coordinated with underwriters to address and resolve loan discrepancies promptly.
- Processed loan files in accordance with Federal, State, and company, guidelines.
- Maintained detailed records of all loan transactions.
- Assisted in compliance audits of loan documentation.
- Prepared loan documents including promissory notes, deeds of trust, mortgage insurance policies and truth-in-lending statements.
- Communicated with customers in person and via telephone to answer questions, process transactions and resolve issues.
- Reviewed credit reports and financial information to evaluate creditworthiness of applicants.
- Reviewed appraisals to ensure accuracy of value estimates.
- Performed detailed calculations to verify income, assets, liabilities and other data provided by applicants.
Education
San Diego City College
San Diego, CA01-2020
High School Diploma - College Preparatory
Grossmont Charter School
San Diego, CASkills
- Mortgage loan origination
- Loan processing
- Credit assessment
- Document assessment
- Financial analytics
- Risk assessment
- Risk mitigation
- Market insights
- Market research
- Negotiation tactics
- Problem Solving
- Critical Thinking
- Customer Service
Work Preference
Salary Range
$95000/yr - $200000/yrTimeline
Mortgage Loan Officer
Veterans First Mortgage
11.2021 - Current
Loan Processor
Western Capital Mortgage
08.2020 - 11.2021
San Diego City College
High School Diploma - College Preparatory
Grossmont Charter School