VANESSA REED
Jacksonville,FL
Languages
Spanish
Native or Bilingual
Summary
Disciplined Mortgage Underwriter pays attention to details by analyzing risks and potential problems within mortgage applications. Team player collaborates well with other underwriters, originators, and processors to produce quality results. Acts with fair and ethical behavior and complies with federal regulations and Fair Housing Act requirements.
Overview
11
11
years of professional experience
Skills
- Automated Underwriting System (AUS)
- Income Evaluation
- Attention to Detail
- Creditworthiness Determination
- Knowledge of FHA/VA and Conventional Guidelines
- Loan Processing Coordination
- Credit File Updating
Work History
Condition Resolution Specialist
Spring EQ Mortgage
08.2022 - Current
- Working with a Quality Control Team to address and resolve Post-Closing loan exceptions to meet all investor requirements for loan purchasing
- Working with Pre-Closing Quality Team to identify any loan exception, set conditions for exceptions identified
- Work with the operations, underwriting and sales team to clear all pre-closing conditions
- Worked with Post-Closing Team to review pre closing and pre fund loans for accuracy
- Successfully reviewed 12 Post closing files per day.
Mortgage Operations Underwriter
PNC Mortgage
03.2015 - 07.2015
- Review, examine, and underwrite loans to ensure soundness, business value, and compliance to guidelines and investors standards
- Evaluate debt to income ratios, loan to value ratios, credit scores, property valuation and other factors
- Determine and document loan conditions , communicate requirements and, or loan approvals, decisions
- Assist, identify, recommend, and, or negotiate alternative loan requirements, funding, and, or loan-structuring solutions
- Clear loan approval conditions, issue notice of adverse action to decline customers after 2nd level review, and update system status as needed
- Build and manage extensive networks of business partners and internal relationships.
Credit Auditor
08.2015 - 06.2022
- Full review of credit, income and assets including re-calculating income, analyzing credit reports, and bank statements
- Underwrite VA, FHA, Portfolio, HECM and Conventional loans according to their lending guidelines
- Demonstrate thorough understanding of credit and the ability to review complex financial information along with mortgage documents
- Researched applicant employment and financial histories to confirm document accuracy
- Analyzed applicant financial and credit status, evaluating assets and risk to determine loan feasibility
- Reviewed and evaluated loan applications and supporting documents
- Analyzed loan risk and reviewed loan conditions and requirements
- Successfully reviewed 7-8 files per day, while maintaining above 90% quality
File Quality Analyst
PNC Mortgage
04.2013 - 03.2015
- Review files for completion prior to submission to underwriting Ensure income, assets and credit documents are complete
- Communicate with loan officers and market managers on files that pass or get detoured Update the status of files in impact as well as a monthly spreadsheet
- Responsible for keeping up with loans that are in document procurement
- Review new documents as they come in to ensure that the file is complete for underwriting review
- Review of conventional, FHA, VA, Jumbo Portfolio, conforming Jumbo, Super conforming Jumbo, RD/USDA and Bond Review of product guidelines and keep up with changes to guidelines to ensure what documents are being requested and provided are in line with the guides.
Senior Mortgage Operations Processor
PNC Mortgage
06.2012 - 04.2013
- Responsible for processing conventional, FHA, VA, HARP, BOND, USDA, 203K FHA, CO-OP and Wealth loans
- Follow procedures to ensure that the loan is meets investor guidelines Responsible for reviewing assets, income, and credit documents
- Responsible for contacting third party vendors such as title companies, homeowners insurance companies to obtain updates and documents in order to process loan applications Responsible for working with the loan officer, customer, and communicating the status on the loan process to ensure a seamless transaction
- Working with quality control on pre-funding or post-funding conditions before loans are sold to our investors.
Education
FCCJ - undefined
Some College
Timeline
Condition Resolution Specialist
Spring EQ Mortgage
08.2022 - Current
Credit Auditor
08.2015 - 06.2022
Mortgage Operations Underwriter
PNC Mortgage
03.2015 - 07.2015
File Quality Analyst
PNC Mortgage
04.2013 - 03.2015
Senior Mortgage Operations Processor
PNC Mortgage
06.2012 - 04.2013
FCCJ - undefined
Some College
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