Tolu Adebanjo
Little Elm,TX
Summary
Knowledgeable in Lending, Underwriting, and Legal Extremely detail-oriented with strong communication and above-average customer service skills, Works effectively in a leadership role, as an individual or a team player. Strong background in Financial Services. Experience applying a wide variety of well-documented patterns and techniques to fill the intentional gaps. Excellent team player with the ability to influence and drive through issues.
Overview
14
14
years of professional experience
Work History
Underwriter(Auto)
Services for Industry Solutions
Dallas, TX
11.2022 - Current
- Examine the borrower's financial status, including income, employment history, credit history, assets, and debts.
- Ensure all provided documents, such as paystubs, tax returns, bank statements, and credit reports, are accurate.
- Evaluate the creditworthiness of applicants by analyzing credit scores and credit reports.
- Calculates the applicant's debt-to-income ratio to determine their ability to manage auto payments.
- Assess the risks associated with lending to the applicant based on their financial information and credit history.
- Review, analyze, and underwrite Direct Auto applications using sound judgment and company guidelines in the decision-making process.
- Respond to product questions and scenarios with suitable answers.
- Assist with the needs of Production Coordinators, Closers, Document Drawers, and Funders.
- Ensure compliance with underwriter market standards.
- Assist in training new underwriters and origination staff members.
- Examine and analyze assets, liabilities, income, and debt information related to applicants to make a credit decision.
- Exhibit superior decision-making skills that are supported by relevant details and research.
- Compare automated underwriting to specific loan-file criteria to determine whether waiver or deviation from suggested guidelines may be appropriate.
- Exercise sound discretion in reviewing to arrive at a final decision or recommendation.
Mortgage Underwriter
Amerisave Mortgage
Plano, TX
02.2019 - 10.2022
- Evaluate loan risk through verification of loan application information.
- Liaise with both the internal department and external brokers on loan decisions.
- Communicate with brokers regarding updates on a loan application.
- Examine the borrower's financial status, including income, employment history, credit history, assets, and debts.
- Work with loan originators, brokers, and production staff to acquire required documents to verify the applicant's income and employment details, review the applicant's credit profile, analyze financial statements, and consider other information to act on loan and credit requests.
- Verify application information against loan criteria guidelines and standards.
- Examine the borrower's financial status, including income, employment history, credit history, assets, and debts.
- Clarify risk by requesting additional information.
- Identify and record application deficiencies required for rejecting mortgage loans.
- Provide rejected applications back to the loan officer.
- Respond to questions, queries, and requests with suitable information.
- Evaluate residential mortgage loan risk on a timely basis, based on sound underwriting decisions.
- Provide prompt, quality service to originating branches and correspondents professionally.
- Update information on processing and underwriting systems to verify, add, delete, or waive conditions.
- Recommend areas of improvement for staff and loan officers.
Underwriter(Auto)
Capital One
Plano, TX
02.2017 - 02.2018
- Independently analyze loan files to ensure adherence to regulations and legal standards governing mortgage lending. Loan programs and guidelines.
- Make independent decisions regarding the acceptability of loan files and approval/denial of loan applications.
- Critically analyze loan files to ensure that information complies with lending guidelines and legal standards, including 'red flags,' suspicious activity standards, and ethical lending standards.
- Application of program requirements, lending guidelines, regulations, and appropriate credit policies to loan files to approve or deny credit or advise senior management.
- Work with loan originators and production staff to acquire required documents to verify the income and employment details of the applicant, review the applicant's credit profile, analyze financial statements, and consider other information to act on loan and credit requests.
- Examine loan documentation for accuracy and completeness, and determine whether additional information may be required to make a credit decision.
- Utilize automated underwriting systems, such as Desktop Underwriter and Loan Prospector, to assist in the execution of the duties and responsibilities of the role.
- Provide training and direction to team members to ensure a clear understanding of compliance and lending guidelines, particularly with those intending to eventually serve in an Underwriter role.
- Possess the authority to withdraw and decline loans.
- · Prompt and exhaustive communication (via phone, email, or fax) with various parties throughout the process.
- Respond to individual and investor audits.
Bankruptcy Specialist
Chase Bank
Lewisville, TX
04.2014 - 01.2017
- Review loan payment histories, escrow, and suspense accounts to prepare Proof of Claim.
- Validate POC referrals prepared by the vendor before granting approval.
- Handles more complex tasks and manual calculations of figures Proof of Claim figures (POC Ledger).
- Monitor bar dates and response deadlines to ensure timely filings with the court.
- Manages multiple tasks independently to meet deadlines.
- Research all issues relating to the foreclosure and bankruptcy process.
- Closely monitor vendor production and quality of work, providing multiple daily directives to ensure compliance with all investor requirements and court deadlines.
- Determine the correct BK payment application.
- Monitor loans in bankruptcy to ensure the debtor is in compliance with the bankruptcy plan and that the bank adheres to state, federal, and bankruptcy court guidelines/timeframes.
- Technologically proficient in PACER, LPS, MSP, Windows XP, MS Word, PowerPoint, Excel, and Outlook.
Loss Mitigation Underwriter III
Bank of America
Richardson, TX
03.2010 - 03.2014
- Collect appropriate and accurate information required to assess potential clients and decide on acceptable risk.
- Responsible for approving or denying clients' loans, according to relevant information provided in their loan applications.
- Verifies employment, income information, reviews credit history, and computes the borrower's assets and collaterals.
- Ensure that the specifications of properties and loan terms meet the financial institution's requirements and government regulations.
- Document the relevant reasons for the approval or disapproval of loans.
- Managing operational aspects, including training and development of associates.
- V manages workflow, timeline adherence, delegates, and controls work assignment and queue management.
- Technologically proficient in Windows XP, MS Word, PowerPoint, Excel, LM Homebase, Homesaver, AS400, Iportal, WPT, LAMP, EPW, LAFA, and Outlook.
Education
Bachelor of Arts - Law
Lagos State University
Lagos11-2000
Skills
- Detail-oriented
- Communication
- Leadership
- Financial Services
- Team player
- Problem-solving
- Microsoft Office Tools (Excel, Word, PowerPoint, Access, Outlook, Project)
- SharePoint
- Encompass
- AUS
- Analytical Thinking
Timeline
Underwriter(Auto)
Services for Industry Solutions
11.2022 - Current
Mortgage Underwriter
Amerisave Mortgage
02.2019 - 10.2022
Underwriter(Auto)
Capital One
02.2017 - 02.2018
Bankruptcy Specialist
Chase Bank
04.2014 - 01.2017
Loss Mitigation Underwriter III
Bank of America
03.2010 - 03.2014
Bachelor of Arts - Law
Lagos State University
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