Tad Darr
Brookfield
Summary
Analytical Underwriter known for high productivity and efficient task completion. Possess specialized skills in risk assessment, financial analysis, and regulatory compliance. Excel at critical thinking, decision-making, and problem-solving to evaluate applications accurately and make informed decisions.
Overview
12
12
years of professional experience
Work History
Financial Advisor
Edward Jones
Muskego
02.2025 - Current
- Obtained Security Industry Essentials (SIE), Series 7, Series 66, and State Insurance licenses.
- Educated clients on investment strategies and risk management techniques.
- Explained advantages and disadvantages of available financial products to customers to maximize satisfaction.
- Developed tailored financial plans for diverse client needs.
Underwriter in Loss Mitigation
Dovenmuehle Mortgage Inc
Brookfield
04.2022 - 02.2025
- Evaluate borrow application packages to determine the financial circumstances of a borrower. Reconciling sources of income, tax returns, and balance sheets, and credit bureau reports.
- Evaluate property valuations and/or appraisals to determine beneficiary's equity position and assure adequate collateral of the security instrument is maintained.
- Negotiate terms of the various workout alternatives with mortgagors, real estate brokers, attorneys, MI companies, government agencies, and clients.
- Manage individual pipeline of loans and maintain timely and compliant process to the standards set forth by compliance or regulators.
Manager of Loss Mitigation Underwriting
Dovenmuehle Mortgage Inc
Brookfield
05.2021 - 04.2022
- Led an Underwriting Department of 33 total employees- consisting of 2 Assistant Managers, 3 Supervisors, 4 Team Leads, and 24 Underwriting Specialists.
- Actively and continually assess risk and identify gaps in policy and processes. Put in place appropriate controls to ensure loans are being handled properly and timely.
- Represent DMI on weekly calls with different Clients to review accounts and Client requests.
- Client list available upon request
- Hold and attend weekly meetings with internal groups to review and discuss updates, performance, and Team needs.
- Spear-headed Department reporting and controls: verify status of accounts on reports, identify exceptions, note appropriate systems, and work with the team to clear reports.
Assistant Manager of Loss Mitigation Underwriting
Dovenmuehle Mortgage Inc
Brookfield
08.2020 - 05.2021
- The Brookfield office was a new site for DMI in 2020. Tasked with the transfer of the BMO Harris Bank portfolio. Took ownership by doing an extensive clean up, matching BMO's systems to DMI's systems.
- Joined DMI mid-way thru the Covid pandemic. Very quickly became familiar with DMI's Covid specific and standard Loss Mitigation options and processes.
- Identified multiple gaps in processes, put in place controls to remediate issues. Based on the results of the BMO transfer, several other Portfolios were sent to the Brookfield Team for similar actions.
- Was responsible for training and managing a department of 31 total employees- consisting of 3 Supervisors, 4 Team Leads, and 24 Underwriting Specialists.
- Represented the Company on weekly calls with different Clients to review accounts, and Client requests.
Manager of Loss Mitigation Closers
BMO Harris Bank
Brookfield
04.2017 - 08.2020
- Responsible for a team of 7 total employee: 5 Closers and 2 Support Staff.
- Assist with Department reporting: verify status of accounts on reports, note appropriate systems, and work with the appropriate parties to clear the reports.
- Production Metrics: weekly and monthly monitor and measurement of Team completions, timeline, decisions, and past due tasks.
- Quality Assurance and Quality Control Metrics: monitor the Team's scorecards and handle all disputes. Excellent relationships with members of the QA and QC staff's, able to explain policy and procedure, and how it applies.
Team Lead in Loss Mitigation
BMO Harris Bank
Brookfield
12.2014 - 04.2017
- Perform 2nd reviews of all Loss Mitigation options, and either make a credit decision if the loan amount was within my authority or recommend to proper approval authority.
- Assist with Department reporting: Department Timeline was a report created and worked daily, and exception reports were worked bi-weekly.
- Quality Assurance and Quality Control Metrics: monitor the Team's scorecards and handle all disputes. Excellent relationships with members of the QA and QC staff's, able to explain policy and procedure, and how it applies. Attend monthly meetings to discuss specific accounts and trends.
Review Analyst in Loss Mitigation
BMO Harris Bank
Brookfield
10.2013 - 12.2014
- The Home Equity Loan Assistance (HELA) Team was formed within Loss Mitigation in October 2013. I was included in creating process and procedure documents for the HELA Team.
- Performed 2nd reviews of all Loss Mitigation Retention options for the HELA Specialists.
- Worked well with the QA & QC Departments responding to their monthly scorecards on all HELA files.
Education
Bachelor of Business Administration - Marketing
University of Wisconsin-Milwaukee
Skills
- Financial analysis
- Regulatory compliance
- Underwriting calculations
- Credit analysis
- Loan approval & denial
- Decision-making
Timeline
Financial Advisor
Edward Jones
02.2025 - Current
Underwriter in Loss Mitigation
Dovenmuehle Mortgage Inc
04.2022 - 02.2025
Manager of Loss Mitigation Underwriting
Dovenmuehle Mortgage Inc
05.2021 - 04.2022
Assistant Manager of Loss Mitigation Underwriting
Dovenmuehle Mortgage Inc
08.2020 - 05.2021
Manager of Loss Mitigation Closers
BMO Harris Bank
04.2017 - 08.2020
Team Lead in Loss Mitigation
BMO Harris Bank
12.2014 - 04.2017
Review Analyst in Loss Mitigation
BMO Harris Bank
10.2013 - 12.2014
Bachelor of Business Administration - Marketing
University of Wisconsin-Milwaukee