Tara Thomas
Portsmouth,Rhode Island
Summary
Seasoned Underwriter with over two decades of experiance, entrusted to make quality risk-based decisions to meet current agency & investor guidelines. Relied upon to do so in a timely manor to keep pipeline moving and cycle time as short as possible. Possess exceptional communication skills & relationship building with the loan officer community. Assisted with training of new underwriters & review/second sign prior to them earning their credit authority. Hardworking, highly motivated professional eager to lend combined knowledge and skills to enhance business performance. Operates well in both individual and team capacities. Resourceful and results-driven.
Overview
26
26
years of professional experience
Work History
Senior Underwriter
Province Mortgage Associates Inc.
East Providence, RI
02.2024 - Current
- Conducted detailed analysis of borrower creditworthiness by evaluating financial statements, tax returns and other related documents.
- Assessed risk factors associated with loan requests to determine whether they meet established criteria for approval.
- Maintained up-to-date knowledge of industry trends, best practices, government regulations, market conditions.
- Documented all decisions made during the underwriting process in accordance with regulatory requirements.
- Utilized understanding of underwriting guidelines to keep work in line with government regulations and company requirements.
- Appraised value of collateral properties to determine their acceptability as security for loans.
Underwriter
Embrace Home Loans Inc
Middletown, Rhode Island
08.1998 - 12.2023
- Reviewed and evaluated loan files for risk issues and potential misrepresentation
- Evaluated credit worthiness by reviewing applicant's credit report information
- Analyzed financial data including credit, income, assets, liabilities, and debt-to-income ratios of applicants
- Analyzed tax returns and financial statements to determine ongoing cash flow to support loan repayment
- Trained and coached new underwriters on underwriting guidelines and regulations
- Reviewed loan applications to ensure accuracy and compliance with lending guidelines
- Interpreted underwriting policies and procedures to ensure regulatory compliance
- Identified potential risk factors and conducted appropriate research to determine eligibility for loans
- Updated information on processing and underwriting systems to verify, add or waive conditions
Senior Mortgage Underwriter
Embrace Home Loans Inc
Middletown, Rhode Island
- Scrutinized various pay stubs and tax returns to determine satisfaction of income verification stipulations
- Determined credit worthiness and risk associated with borrower based on credit profiles
- Verified that all documentation is complete prior to closing the file
- Maintained up-to-date knowledge of industry regulations, trends, and best practices
Skills
- Conventional (FNMA & FHLMC)
- FHA
- VA
- VA/SAR
- USDA
- State Bond
- Jumbo products
- Excellent communication skills
- Empower
- Encompass
Timeline
Senior Underwriter
Province Mortgage Associates Inc.
02.2024 - Current
Underwriter
Embrace Home Loans Inc
08.1998 - 12.2023
Senior Mortgage Underwriter
Embrace Home Loans Inc
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