Scott Warden
Plymouth,Michigan
Summary
Detail-oriented and results-driven Senior Mortgage Underwriter with over a decade of progressive experience in residential lending, specializing in FHA and USDA loan programs, with a solid foundation in conventional and jumbo products . Recognized for unwavering loyalty, a strong work ethic, and a commitment to maintaining the highest standards of quality and compliance. Adept at assessing complex risk scenarios, ensuring investor and agency guideline alignment, and collaborating cross-functionally to drive loan resolution and timely closings. Known for delivering exceptional file quality, audit accuracy exceeding 99%, and a dependable presence in fast-paced, high-volume underwriting environments. Proficient in interpreting and applying HUD, USDA, FNMA, and FHLMC regulations to minimize risk and maximize loan salability.
Overview
22
22
years of professional experience
Work History
Senior Underwriter
Flagstar Mortgage Services
Troy, MI
03.2003 - Current
- Underwrite complex FHA and USDA mortgage files in strict compliance with HUD 4000.1 and Rural Development Handbook 1-3555, ensuring thorough analysis of income, credit, collateral, and capacity
- Conduct second-level reviews on high-risk, escalated, or exception files, applying advanced risk mitigation strategies while maintaining a balanced approach to loan approval
- Ensure full compliance with investor overlays, agency guidelines, and internal policy requirements, reducing buyback risk and enhancing salability of loans on the secondary market
- Partner closely with loan processors, originators, and closing teams to identify, communicate, and resolve loan conditions, accelerating turn times and ensuring smooth clear-to-close milestones
- Maintain exemplary quality control standards, achieving post-closing audit scores consistently over 99%, and contributing to a reduction in internal suspense and rework rates
- Consistently exceed daily and monthly underwriting production targets while upholding accuracy and file integrity in a high-volume environment
Mortgage Underwriter
Flagstar Bank
Troy, MI
03.2003 - 03.2004
- Underwrote a diverse pipeline of conventional and jumbo mortgage loans, applying sound credit judgment and a strong understanding of investor and agency guidelines
- Conducted comprehensive reviews of borrower income, credit, assets, and property appraisals, ensuring loan eligibility and adherence to underwriting standards
- Interpreted and validated DU (Desktop Underwriter) and LP (Loan Product Advisor) findings, applying investor overlays to make fully informed approval decisions
- Provided mentorship and training to junior underwriters, and monitored pipeline workflow to maintain optimal efficiency and ensure timely loan decisions
- Collaborated with brokers and loan originators to identify and resolve documentation issues, reducing turnaround times and increasing loan pull-through rates
Education
Bachelor of Science - Finance
Michigan State University
East Lansing, MISkills
- FHA & USDA Underwriting
- DE (Direct Endorsement) Underwriter
- Loan Quality & Risk Assessment
- Conventional & Jumbo Loans
- AUS: DU & LP
- Income & Credit Analysis
- Collateral Review
- Mortgage Compliance
Certifications And Designations
- FHA DE Underwriter
- USDA Approved Underwriter
Timeline
Senior Underwriter
Flagstar Mortgage Services
03.2003 - Current
Mortgage Underwriter
Flagstar Bank
03.2003 - 03.2004
Bachelor of Science - Finance
Michigan State University
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