Summary
Overview
Work History
Education
Skills
Certification
Awards
Timeline
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Schamonda Randolph

Chesterfield,VA

Summary

Highly skilled and detail-oriented Mortgage Underwriter with over 20 years of experience in the mortgage industry. Focused on mitigating company risks while meeting profit goals by making strategic decisions based on sound criteria. Successful in leading underwriting teams and training junior staff to handle high workload with impeccable accuracy. Proven expertise in identifying unacceptable risk and preventing fraud.

Overview

25
25
years of professional experience
1
1
Certification

Work History

Government Mortgage Underwriter

Freedom Mortgage Corporation
08.2020 - 09.2022
  • Reviewed and analyzed loan applications for FHA and Conventional loans, ensuring compliance with agency guidelines and regulations
  • Determined credit risks by reviewing files in advance and comparing data against internal checklists and guidelines.
  • Conducted thorough risk assessments by evaluating borrowers' financial information, credit history, employment details, and property appraisal reports
  • Made careful determinations based on skilled analyses of submitted documentation covering credit histories, employment records, and current financial status.
  • Made informed decisions on loan approvals, denials or conditional approvals based on risk assessment and compliance with agency guidelines
  • Ensured quality control by staying in compliance with FHA guidelines and minimizing risk of fraud
  • Researched and updated industry knowledge on changing legislation and regulations.

Quality Review Analyst

Virginia Housing
02.2020 - 08.2020
  • Conducted comprehensive quality reviews of FHA and Conventional mortgage loan files to ensure compliance with Virginia Housing guidelines, policies, and regulatory requirements
  • Identified and resolved discrepancies or deficiencies in loan documentation, working closely with loan officers, underwriters, and other stakeholders to obtain missing or corrected information
  • Issued Approval notice to lenders once all conditions were cleared, and entered approval date in loan origination system.

Quality Control Analyst/Underwriter

SunTrust Mortgage
10.2018 - 04.2019
  • Assessed loan files for accuracy, completeness, and adherence to underwriting standards, including income verification, credit analysis, and property appraisals
  • Conducted thorough analysis of loan files to identify potential fraud, misrepresentation, or non-compliance with applicable laws and regulations
  • Made informed decisions on loan approvals, denials or conditional approvals based on risk assessment and compliance with agency guidelines.
  • Trained and coached existing and new employees on new policies and procedures.

Officer Mortgage Underwriter II

SunTrust Mortgage
09.2016 - 10.2017
  • Analyzed and evaluated Conventional and FHA loan applications to determine borrower eligibility and loan risk, ensuring compliance with company policies, underwriting guidelines, and regulatory requirements
  • Conducted thorough analysis of borrower's financial history, employment stability, creditworthiness, and overall financial capacity to make informed decisions on loan applications
  • Identified and investigated suspicious activities, analyzed data to detect patterns of fraud, and developed strategies to prevent and mitigate fraud
  • Created and implemented underwriting procedures and strategies to accurately and efficiently process loan applications.

AVP Underwriter Home Equity/Loss Mitigation Lead

Bank of America
01.1998 - 09.2016
  • Conducted comprehensive analysis and underwriting of home equity loan applications, ensuring adherence to company policies, underwriting guidelines, and regulatory requirements
  • Reviewed borrower documentation, including income verification, credit reports, asset statements, and property appraisals, to assess borrower eligibility and loan risk
  • Conducted thorough analysis and underwriting of loss mitigation applications, including loan modifications, short sales, and deed-in-lieu of foreclosure, to determine borrower eligibility and develop appropriate workout solutions
  • Promoted and led performance enhancement culture by actively coaching, mentoring and training direct reports.
  • Created and implemented underwriting procedures and strategies to accurately and efficiently process loan applications.

Education

Studied Business Administration -

Virginia Commonwealth University
Richmond, VA

Skills

  • Excellent organizational and time management skills
  • Ability to adapt to system changes, policies and processes while maintaining positive attitude
  • Strong knowledge of mortgage credit processing, underwriting, mortgage programs, FHA guidelines and regulations
  • Strong communication and interpersonal skills to collaborate effectively with various stakeholders
  • Detail-oriented with strong fraud and decision-making skills
  • Ability to work independently and meet deadlines in fast-paced environment
  • Strong analytical and problem-solving skills
  • Proficient in computers including Microsoft Office, Excel, FMNA DU/FHLMC LPA and FHA Connection

Certification

  • FHA DE (Direct Endorsement Authority) Certification
  • Certified Master Mortgage Underwriter by National Association of Mortgage Underwriters (NMAU)
  • Certified in Commercial Underwriting and Processing by National Association of Mortgage Underwriters (NMAU)

Awards

  • Promoted to Assistant Vice President
  • Received Global Bronze Awards, Silver Awards, multiple Top Performer and Customer Recognition Awards
  • Promoted to Officer within six months of initial hire

Timeline

Government Mortgage Underwriter

Freedom Mortgage Corporation
08.2020 - 09.2022

Quality Review Analyst

Virginia Housing
02.2020 - 08.2020

Quality Control Analyst/Underwriter

SunTrust Mortgage
10.2018 - 04.2019

Officer Mortgage Underwriter II

SunTrust Mortgage
09.2016 - 10.2017

AVP Underwriter Home Equity/Loss Mitigation Lead

Bank of America
01.1998 - 09.2016

Studied Business Administration -

Virginia Commonwealth University

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Schamonda Randolph