Sherry Thitakham
Underwriter
Euless,TX
Summary
Experienced mortgage underwriter with over 15 years of mortgage experience. Extensive knowledge of conventional conforming & high balance, FHA, USDA, VA guidelines. Knowledge of mortgage laws and regulations; state and federal agency mortgage loan guidelines and regulations. Organized and detail oriented. Ability to effectively prioritize workload and meet deadlines. Strong communication skills, both verbal and written. Proven track record at delivering timely and accurate information in a fast-paced environment. Excellent critical thinking, problem solving, mathematical skills and sound judgment
Overview
14
14
years of professional experience
Work History
Retail Mortgage Underwriter Remote
Consolidated Analytics
02.2021 - 07.2022
- Develop and maintain knowledge of multiple loan product guidelines for quick and accurate answers
- Provide quality assurance on all loan approvals
- Analyze borrower’s credit profile, collateral and capacity to repay the proposed mortgage obligation
- Ensure loans meet both agency and government guidelines
- Accurately calculate borrower’s income and debt-to-income ratios
- Review conditions submitted on loans and sign off on conditions where appropriate
- Communicate loan decisions to internal departments in a timely manner
- Works closely with Account Managers, Loan Officers & Management to answer specific loan questions or verify condition and documentation request
- Prioritize work queue to ensure service level agreements are met
- Consistently meet or exceed established minimum quality & productivity goals
Mortgage Underwriter
PennyMac Loan Services
Fort Worth, TX
06.2019 - 02.2021
- Responsible for examining, evaluating and underwriting loan applications in order to assess the risk, confirm compliance with guidelines and all regulatory requirements and to render a credit decision
- The review requires analysis, assessment and conclusion regarding the service ability
- Reviews should contemplate Fraud and all “red flags” addressed or escalated as appropriate
- Input any required information into the underwriting module accurately and within established time frames
- Revise underwriting conditions so as to communicate any stipulations to the client in a clear and concise fashion
- Meet all established quantity objectives while maintain quality standards
Forensic Mortgage Underwriter
Oak Branch Advisors
Dallas, TX
10.2018 - 06.2019
- Responsible for reviewing the loan file and coordinating the correction of any deficiencies identified and tracking of those deficiencies
- Performs in-depth underwriting review of closed mortgage loans for compliance with government agency and/or investor specific guidelines, and with applicable state and federal laws
- Re-underwrite closed loan files to ensure that the loan meets agency or lender guidelines which includes but not limited to credit report review, income calculation, asset analysis and collateral assessment
- Analyze closing documentation such as mortgage note, HUD 1, TRID to ensure property executed, IPCs are not excessive and fees are within federal/state tolerances
- Performing investigations to identify potential fraud through utilization of resources or re-verification of document such as Lexis Nexis, written/verbal verifications, etc.
QC Forensic Mortgage Underwriter
Treliant Risk Advisors
Richardson, TX
04.2018 - 10.2018
- Performs in-depth underwriting review of closed mortgage loans for compliance with government agency and/or investor specific guidelines, and with applicable state and federal laws
- Responsible for reviewing the loan file and coordinating the correction of any deficiencies identified and tracking of those deficiencies
- Re-underwrite closed loan files to ensure that the loan meets agency or lender guidelines which includes but not limited to credit report review, income calculation, asset analysis and collateral assessment
- Analyze closing documentation such as mortgage note, HUD 1, TRID to ensure property executed, IPCs are not excessive and fees are within federal/state tolerances
- Performing investigations to identify potential fraud through utilization of resources or re-verification of document such as Lexis Nexis, written/verbal verifications, etc
- Preparing formal written responses to agencies / investors in which an audit has been performed and deficiencies discovered
QA/QC Mortgage Analyst II
PennyMac Loan Services
Fort Worth, TX
09.2016 - 04.2018
- Responsible for performing quality control audits on a monthly basis to any default/non-default related processes for lines of businesses such as Underwriting, Loss Mitigation, and Short Sale
- Ensure that loans are managed and reviewed in accordance with investor, insurer, company policies and procedures and guidelines
- In-Line QA (quality assurance) review is performed to make sure that all the requirements are met prior to finalizing the process
- Post Mortem QC reviews are done to verify any errors made during the process in order to remediate and be able to improve going forward
- Performs risk assessments and/or transactional testing of loans selected to evaluate, analyze, and assess risk and to detect errors and omissions, as well as violation of line of business policies and procedures
- The audit includes, but is not limited to, review of data and documentation for accuracy and consistency, systems analysis, regulatory compliance assessment and investor program requirements, as applicable.
Product Developer
Fairway Independent Mortgage Corporation
Carrollton, TX
06.2015 - 06.2016
- Responsible for creating products which includes: writing, maintaining and releasing of new programs
- Partnered with Credit Risk, Secondary, Marketing, Operations, and Production personal to create prioritization of new product request for all channels
- Manages the development and maintenance of competitive analysis and market research of competing products and services to identify customer needs and trends within the digital channels
- Work in close communication with the Conventional and Government Product Specialists from all channels of business including Retail, Wholesale, and Correspondent production groups in order to provide direction on loan level issues
Officer
Bank of America, MHA Underwriter II
Fort Worth, TX
01.2012 - 05.2015
- Responsible for examining, evaluating and underwriting loan applications in order to assess the risk, confirm compliance with guidelines and all regulatory requirements and to render a credit decision
- Underwrite conventional and non-conforming loans to ensure compliance with state and federal regulations, as well as underwriting guidelines for FNMA, FHLMC, MI companies and other Investors
- Consistently met stated Service Level Agreement (SLA’s) with partner credit unions
- Top 25 Producing MHA Underwriter maintaining 100% quality out of 300
- Assume the role of being proxy for my manager while out on paternity leave or out for any reason
- The duties included: attend meetings and conference calls, distribute reports and updates to the team, and manage the team’s workload
- Selected by Senior Leadership to travel and train over 300 underwriter associates in Denver, CO
- Selected to serve as a Quality Review Board UW, provided coaching to peers, added numerical value to team’s boosted overall quality scores
Underwriter II
Wells Fargo Home Mortgage, Quality Review
Bedford, TX
09.2010 - 01.2012
- Responsible for reviewing, analyzing, approving and underwriting large, unusual or complex individual consumer requests and products within company and industry guidelines
- Review financial statements, credit reports, and applicable debt and loan-to-value ratios
- Implement fraud detection techniques, performing compliance reviews
- Audits different loan types to ensure they have been underwritten according to Company Policies and program guidelines
Home Retention Specialist II
American Home Mortgage Servicing Inc
Irving, TX
07.2009 - 07.2010
- Analyzes customer’s situation and collateral risk to present alternative solutions including Repayment Plans, Modifications, Assumptions, Pre-foreclosure / Short Sales, and Deed in Lieu
- Identifies, negotiates and pursues appropriate loss mitigation option which best maximizes customer satisfaction and investor return
- Determines and implements proper processes and procedures to solve customer problem and satisfy customer investor/insurer guidelines
Default Underwriter II
J.P. Morgan Chase
Lewisville, TX
10.2007 - 07.2009
- Responsible for negotiating modification agreements with current borrowers prior to delinquency in compliance with investor guidelines
- Evaluate the customer’s financial ability, reason for imminent default, and ability to make full contractual or alternative payments
- Analyze credit reports, bank statements, and all supporting documentation which will provide substantial authenticity of the candidacy for any borrower who falls into the category of Imminent Default
- Discuss loss mitigation options with borrowers that are appropriate depending on the borrower’s hardship, value of the property and investor/mortgage insurance guidelines
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Education
High School Diploma -
Trinity High School
Euless, TX05.2001
Skills
- Variance and Risk Analysis
- Analytical and Critical Thinking
- Mortgage Lending Requirements
- Desktop Underwriter
- Credit File Updating
- Automated Underwriting Systems
- Application Reviews
- Creditworthiness Determination
- Credit History Review
- Government Lending
- Property Evaluation
- Loan Product Knowledge
Timeline
Retail Mortgage Underwriter Remote
Consolidated Analytics
02.2021 - 07.2022
Mortgage Underwriter
PennyMac Loan Services
06.2019 - 02.2021
Forensic Mortgage Underwriter
Oak Branch Advisors
10.2018 - 06.2019
QC Forensic Mortgage Underwriter
Treliant Risk Advisors
04.2018 - 10.2018
QA/QC Mortgage Analyst II
PennyMac Loan Services
09.2016 - 04.2018
Product Developer
Fairway Independent Mortgage Corporation
06.2015 - 06.2016
Officer
Bank of America, MHA Underwriter II
01.2012 - 05.2015
Underwriter II
Wells Fargo Home Mortgage, Quality Review
09.2010 - 01.2012
Home Retention Specialist II
American Home Mortgage Servicing Inc
07.2009 - 07.2010
Default Underwriter II
J.P. Morgan Chase
10.2007 - 07.2009
High School Diploma -
Trinity High School
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