TONYA R. ALSTON
Senior Mortgage Underwriter
Harrisburg,NC
Summary
Strategic Underwriter/Underwriting Manager with strong background in analyzing mortgages and loans. Assesses and evaluates risks with keen eye for coverage and pricing. Strong negotiation skills and dedicated to staying up-to-date with new market trends. Smart financial professional applies strong problem-solving and decision-making skills in job tasks. Self-motivated with good understanding of evaluating credit history, financial stability and risks. Diligent individual with strong work ethic.
Overview
12
12
years of professional experience
1
1
Certification
Work History
Underwriter
Finance of America Reverse
01.2022 - 02.2023
- Supported review and acceptance or denial of new or renewal business.
- Analyzed credit, income, compliance, title documents and appraisals during underwriting process.
- Determined and documented loan conditions and communicated requirements and decisions.
- Reviewed applications for insurance coverage and reports from loss control specialists to determine risks.
- Evaluated residual income, principal limits, credit scores, property valuations and various other factors when making underwriting decisions.
- Controlled loss by assessing risk, conducting system analysis and recommending policy solutions.
DE Underwriter/Underwriting Manager
Home Mortgage Alliance Corp
04.2020 - 01.2022
- Reviewed Conventional and FHA mortgages and defended lenders from FNMA, FHLMC, HUD and MI claims.
- Performed duties in accordance with applicable standards, policies and regulatory guidelines to ensure compliance and salability of loans
- Worked closely with leadership to facilitate in building out Wholesale division
- Developed and maintained courteous and effective working relationships.
- Used critical thinking to break down problems, evaluate solutions and make decisions.
Remote Sr. Underwriter
Network Capital Funding, Fannie Mae
01.2020 - 04.2020
- Assisted senior executives with final loan closings and underwriting, coordination and submission of high-profile loan conversion packages.
- Maintained service level agreements and production standards
- Applied knowledge of underwriting guidelines to maintain compliance with applicable regulations and company standards.
- Focused on maintaining profitable business segment for company.
- Created debt analysis and comparison reports contrasting various conventional and government-backed financing options.
- Guided, mentored and coached underwriters in both technical and professional skills, instilling best practice and company standards.
- Examined potential loss stemming from catastrophe, severity or frequency of possible loss according to state specific disaster area reporting
Non-Qualified Mortgage Underwriter
Recovco Mortgage/Sprout Mortgage
07.2017 - 01.2020
- Underwrote Non-Qualified mortgage loans to various investor, lender specific and FannieMae requirements;
- Manually underwrote loan amounts of $75000-$6,000,000 thru Retail, Wholesale and Correspondent channels
- Managed relationships with Sales, Processing Staff and external clients
- Utilized Management Team and Exceptions board to ensure efficiency and client satisfaction
- Provided training and clarification on mortgage programs and loan requirements
- Maintained high production and record monthly closings with comparable quality
- Determined credit risks by reviewing files in advance and comparing data against internal checklists and guidelines.
- Made careful determinations based on skilled analyses of submitted documentation covering credit histories, employment records and current financial status.
- Worked with processing team members to communicate errors and obtain missing information for current applications.
- Verified integrity of applicants' information to minimize fraud.
DE Underwriter
Supreme Lending
07.2016 - 07.2017
- Conducted underwriting assessments according to multiple lender guidelines and requirements.
- Worked across underwriting authority and exception levels.
- Underwrote FHA and Conventional appraisals; utilize collateral underwriting reports to ensure that all discrepancies are properly addressed and supported
- Examined credit, income and asset documents and reviewed title policy and appraisals.
- Optimally utilized management and internal departments, which allowed for me to underwrite, process and clear loans to close in a timely manner
- Upheld fair lending practices and met targets for productivity, quality and customer satisfaction.
- Monitored pipelines to track and log status of loans.
Sr. Mortgage Underwriter
Wells Fargo Home Mortgage
01.2011 - 01.2016
- Made careful determinations based on skilled analyses of submitted documentation covering credit histories, employment records and current financial status
- Determined credit risks by reviewing files in advance and comparing data against internal checklists and guidelines.
- Worked with processing team members to communicate errors and obtain missing information for current applications.
- Maintained mortgage program compliance with federal agencies such as HUD and FNMA.
- Evaluated performance of less experienced underwriters and helped improve overall work quality by implementing improvement plans.
Quality Assurance Manager
Wells Fargo Home Mortgage
01.2013 - 01.2014
- Implemented new quality assurance and customer service standards.
- Recorded, analyzed and distributed statistical information.
- Assured consistent quality of production by implementing and enforcing automated practice systems.
- Monitored staff organization and suggested improvements to daily functionality.
- Collected production samples regularly and performed detailed quality inspections.
- Applied coaching techniques and tools to support managers and team members in improving performance.
- Established and tracked quality department goals and objectives.
Lending Manager
Wells Fargo Home Mortgage
01.2012 - 01.2013
- Assessed and referred underwriters for higher lending authorities; managed and resolved escalations; partnered with internal allies in order to meet the lending needs of Retail customers; managed human resources related records for direct reports
- Mitigated risks by performing spot audits on initial decisions completed; ensured that efficient decisions were made according to lender guidelines, credit policy updates, credit overlays and exception and discretionary matrices
- Trained newly hired employees to provide information regarding processes, procedures and deadlines.
- Led in production with an individual production per hour above standard by supervising, developing and training mortgage underwriters with various levels of experience and lending authorities
- Reduced material errors for quality assurance from 17% to 5% over a four month period by collaborating with counterparts and leadership in order to implement and underwriting training deck and procedural template for systems data input
Education
Journalism
Central Piedmont Community College
2010
Skills
- PLATFORMS & TOOLS
- SOFTWARE:
- MS Office Suite
- OPERATING SYSTEMS: Windows 2000/ME/XP/Vista/7/Encompass/CORE/LIS/LPS/MSP/SLOAD/LIV/BITTS/Sharepoint/OmniWeb/FHA Connection
Certification
- HUD Direct Endorsement- since 2009
Timeline
Underwriter
Finance of America Reverse
01.2022 - 02.2023
DE Underwriter/Underwriting Manager
Home Mortgage Alliance Corp
04.2020 - 01.2022
Remote Sr. Underwriter
Network Capital Funding, Fannie Mae
01.2020 - 04.2020
Non-Qualified Mortgage Underwriter
Recovco Mortgage/Sprout Mortgage
07.2017 - 01.2020
DE Underwriter
Supreme Lending
07.2016 - 07.2017
Quality Assurance Manager
Wells Fargo Home Mortgage
01.2013 - 01.2014
Lending Manager
Wells Fargo Home Mortgage
01.2012 - 01.2013
Sr. Mortgage Underwriter
Wells Fargo Home Mortgage
01.2011 - 01.2016
Journalism
Central Piedmont Community College
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