Valerie R. Gray-Gantt
Mount Holly,NC
Summary
Detail-oriented Senior Underwriter with demonstrated success in the mortgage industry. Excellent business and industry awareness and understanding of industry trends impacting business growth and opportunity. Works creatively in fast-paced environment to maintain demanding timelines.
Overview
12
12
years of professional experience
Work History
Corporate Senior Underwriter
Lower, LLC
Columbia, MD
03.2024 - Current
- Underwrites Conventional, FHA, USDA & Bond Loans
- Underwrite a minimum of 15 new loans per week, with turn times of 72 hours or less to meet the minimum of 50 loans per month; Reviews conditions turned into underwriting queue within 48 hours; Evaluate loan applications for risks and various criteria such as investor requirements, accuracy, consistency, and completeness; Review new loan files to ensure loan meets investor and program criteria
- Review transmittal and 1003 to make sure it is accurate and complete and compare to findings to verify that all information matches
- Review credit report, assets, title work, insurance, and appraisal to guidelines
- Maintain current and fluid knowledge of investor and agency guidelines
- Calculate income using documentation required per agency; Approves loan with proper documentation or recommends further action
- Communicates effectively and engages proactively with Loan Originators, Processors, Branch Managers, Funders and Post-Closers regarding loan decisions, assignment of loan conditions, investor guidelines/documentation requirements and possible loan scenarios
- Completes a thorough analysis of loan files to determine compliance with company, investor, and government guidelines and standards
- Utilizes automated underwriting systems to evaluate, score and render final credit underwriting decision
- Verify rate locks matches the underwriting file with the correct program, LTV, credit score and pre-payment penalty.
Corporate Senior Underwriter
Thrive Mortgage
Georgetown, TX
11.2020 - 02.2024
- Underwrites Conventional, FHA & Bond Loans being FHA DE Certified
- Underwrite a minimum of 12 new loans per week, with turn times of 72 hours or less to meet the minimum of 50 loans per month; Reviews conditions turned into underwriting queue within 48 hours; Evaluate loan applications for risks and various criteria such as investor requirements, accuracy, consistency, and completeness; Review new loan files to ensure loan meets investor and program criteria
- Review transmittal and 1003 to make sure it is accurate and complete and compare to findings to verify that all information matches
- Review credit report, assets, title work, insurance, and appraisal to guidelines
- Maintain current and fluid knowledge of investor and agency guidelines
- Approves loan with proper documentation or recommends further action
- Communicates effectively and engages proactively with Loan Originators, Processors, Branch Managers, Funders and Post-Closers regarding loan decisions, assignment of loan conditions, investor guidelines/documentation requirements and possible loan scenarios
- Completes a thorough analysis of loan files to determine compliance with company, investor, and government guidelines and standards
- Utilizes automated underwriting systems to evaluate, score and render final credit underwriting decision
- Calculate income using documentation required per agency; Verify rate locks matches the underwriting file with the correct program, LTV, credit score and pre-payment penalty.
Corporate Loan Processor III
Loandepot.com LLC
Scottsdale, AZ
08.2020 - 11.2020
- Maintained a pipeline of 50+ loans by keeping stipulations cleared, completing all verifications (verbal & written); maintaining the quality & customer service of the file.; Process & clear conditions within processor limitations ; Review Income/Appraisal/Credit/DU to make sure loan qualifies; Email & call loan officer and brokers with stipulations; Review file for quality to make sure we’re in compliance.; Prepare file for Closing once all conditions have been cleared and submit to Closing; Review CD’s before & after the file has been sent to Closing; Work with Refinances & Purchase money loans (USDA, VA, FHA & CONVENTIONAL); Prepare, Review and Disclose CD’s
- Have Signing Authority so once the file is initially underwritten, I can clear the file to close and submit to closing.
CSR
Finance of America Commercial LLC
Charlotte, NC
03.2018 - 08.2020
- Sign of on conditions requested for clearance of the loan within CSR limitations
- Process commercial loans from initial submission to closing
- Review & Order Background Searches, Credit Reports, Operating Agreements, Articles of Corporations, Certificate of Good Standing, Tax Returns, Assets, Evidence of Experience, Title, HOI & Granite Inspections
- Review these documents for submission for either a line of credit loan or property loan
- Review docs for quality to minimize risk for the company
- Liaison between UW and Clients, which consists of brokers, borrowers and account executives
- Maintain a pipeline of 60+ loans with a 50% - 60% closing ratio
- Keeping with SLA’s turn-times.
Account Manager III
Nations Direct Mortgage LLC DBA Motive Lending
Santa Ana, CA
08.2015 - 02.2018
- Maintained a pipeline of 70+ loans by keeping stipulations cleared, completing all verifications (verbal & written); maintaining the quality & customer service of the file.; Process & clear conditions within processor limitations ; Review Income/Appraisal/Credit/DU to make sure loan qualifies; Email & call loan officer and brokers with stipulations; Review file for quality to make sure we’re in compliance.; Prepare file for Closing once all conditions have been cleared and submit to Closing; Review HUDs/CD’s and Quality Control Audits before & after the file has been sent to Closing; Work with Refinances & Purchase money loans (USDA, VA, FHA & CONVENTIONAL); Prepare, Review and Disclose LE’s and CD’s
- Mentor AMA’s to prepare them for the AM position.
Junior Underwriter/Account Manager II
Pacific Union Financial LLC (Formerly ClearVision Funding LLC)
Charlotte, NC
04.2014 - 05.2015
- Maintained a pipeline of 70+ loans by keeping stipulations cleared, completing all verifications (verbal & written); maintaining the quality & customer service of the file.; Process & clear conditions within processor limitations ; Review Income/Appraisal/Credit/DU to make sure loan qualifies; Email & call loan officer and brokers with stipulations; Review file for quality to make sure we’re in compliance.; Prepare file for Closing once all conditions have been cleared and submit to Closing; Review HUDs and Quality Control Audits before & after the file has been sent to Closing; Work with Refinances, Escrow Holdbacks & Purchase money loans; Share my industry knowledge to help mentor others
Account Manager II
Maverick Funding Corporation
Fort Mill, SC
11.2012 - 04.2014
- Maintained a pipeline of 50+ loans by keeping stipulations cleared, completing all verifications (verbal & written), and maintaining the quality & customer service of the file; Process & clear conditions within processor limitations ; Review Income/Appraisal/Credit/DU to make sure loan qualifies; Email & call loan officer and brokers with stipulations; Review file for quality to make sure we’re in compliance.; Prepare file for Closing once all conditions have been cleared and submit to Closing; Review HUDs and Quality Control Audits before & after the file has been sent to Closing; Promoted to Purchasing team to focus mainly on purchase money loans; Help mentor/train new account managers coming aboard
Underwriter/Loan Processor III
Residential Finance Corporation
Charlotte, NC
05.2012 - 07.2012
- Maintained a pipeline of 50+ loans by keeping stipulations cleared, completing all verifications (verbal & written), and maintaining the quality & customer service of the file.; Process & clear conditions within processor limitations; Email & call loan officer and borrowers with remaining stipulations; Pre-screen a file by reviewing credit, income and appraisal for submission to the UW; Review file for quality to make sure we’re in compliance; Review HUDs and Quality Control Audits after the file has been sent to Closing; Underwrite a minimum of 8-10 loans a day by adhering to company guidelines; Help mentor/train new processors coming aboard
Education
Bachelor’s Degree in Psychology -
Southern New Hampshire University
11.2023
AAS in Secretarial Science -
Rutledge College
09.1987
Skills
- 10key: 14,500 keystrokes with 1% error
- Type 73 wpm
- Microsoft Office
- Encompass
- Customer Service I, II, III, IV
- Underwriting Training & Pre-Qual Training
- Management Skills for the New Supervisor
- Certificate in Finance Treasury
- NMLS Licensed
- Risk Assessments
- Relationship Building
- Training and mentoring
- Quality Control
- Managing risk
- Guidelines knowledge
- Analyzing data
- Excellent Communication
- Organizational Skills
- Adaptability and Flexibility
- Decision-Making
- Self Motivation
- Reliability
- Multitasking
- Analytical Thinking
- Analytical Skills
- Attention to Detail
Accomplishments
- Within the Top 3 AM since September 2013 thru March 2014 at Maverick Funding Corporation
- 2014 September Top AM at ClearVision Funding
- 2014 October Top AM at ClearVision Funding
- 2015 President’s Annual Circle of Excellence Award Winner
- 2015 March Top Account Manager at Pacific Union Financial LLC
- August 2018 Top CSR @ Finance of America Commercial
References
References available upon request.
Timeline
Corporate Senior Underwriter
Lower, LLC
03.2024 - Current
Corporate Senior Underwriter
Thrive Mortgage
11.2020 - 02.2024
Corporate Loan Processor III
Loandepot.com LLC
08.2020 - 11.2020
CSR
Finance of America Commercial LLC
03.2018 - 08.2020
Account Manager III
Nations Direct Mortgage LLC DBA Motive Lending
08.2015 - 02.2018
Junior Underwriter/Account Manager II
Pacific Union Financial LLC (Formerly ClearVision Funding LLC)
04.2014 - 05.2015
Account Manager II
Maverick Funding Corporation
11.2012 - 04.2014
Underwriter/Loan Processor III
Residential Finance Corporation
05.2012 - 07.2012
Bachelor’s Degree in Psychology -
Southern New Hampshire University
AAS in Secretarial Science -
Rutledge College
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