Summary
Overview
Work History
Education
Skills
References
Special Interest
Timeline
Generic

VERNITA G. PITTS

Rochester Hills

Summary

Experienced Sr. Mortgage Underwriter with expertise in Conventional, HELOC and Non-QM Loans, risk management, and compliance. Proven ability to mentor and support underwriters, streamline loan reviews, and enhance customer service. Ready to leverage skills in credit analysis and underwriting guidelines to contribute efficiently and effectively to a dynamic team.

Overview

29
29
years of professional experience

Work History

Sr. Conventional Underwriter and Advocate

Flagstar Bank/Mr. Cooper
Troy
02.2015 - Current
  • Underwrite Conventional, HELOC and Non-QM Loans by formulating clear and concise and actionable decisions with clear judgement while working independently.
  • Review rush loans or missed conditions by original underwriters.
  • Effectively communicate with internal staff and external clients.
  • Job responsibilities include monitoring and working closely with the pipeline advocate email to handle reviewing and clearing conditions, and other escalated issues.
  • Assisting with the Underwriting Resolution Team.
  • Coach and mentor underwriters with their daily work in complex issues regarding conditions, scenarios and assist in training underwriters in communication with clients.
  • Complete second loan reviews on loans for new hire and current underwriters.
  • Conduct regional meetings with Sr. Management. In addition to, new hire followup calls for new hires. review and second sign of their appraisals and denials.
  • Assign loans for review to the underwriting staff daily and review daily production reports.
  • Complete all required compliance training.
  • Maintain knowledge of the company's internal compliance policies and procedures.
  • Excellent oral and written communication.

Sr. Underwriting Assistant Support Specialist

Flagstar Bank/Mr. Cooper
Troy
01.2008 - 02.2015
  • Responsible for supporting the underwriting needs of wholesale, correspondent and retail business partners, as well as Account Executives.
  • Maintained excellent customer service internally and externally.
  • Assisted the business partners through email, inbound calls and some outbound calls up to 75 per day.
  • Improved the overall customer experience with loans and assisted in maintaining regulatory compliance.

Sr. Conventional Underwriter/Pricing Desk Supervisor

LaSalle Bank/Bank of America
Troy
05.2003 - 05.2008
  • Underwrote conventional loans stated income and stated assets loans, formulating a clear and concise and actionable decisions with clear judgement while working independently.
  • Supervised a team in reviewing and assisting in the correct pricing and locking loans with lenders.

Bank Branch Manager

Standard Federal Bank
Troy
05.1996 - 05.2003
  • Mortgage Loan Officer, including originating, processing and closing.
  • Develop and maintained business relationships with local businesses, including depository growth and retention using demographic analysis, and various activities.
  • Created reports to monitor and track performance for review by Sr. Management.
  • Maintained and delegated daily operations of the bank.
  • Managed all escalated issues and resolved, while ensuring quality customer service.
  • Responsible for annual staff reviews and merit increases for staff.
  • Conducted weekly and monthly audits on teller drawers, main vault, and ATM and conducted weekly meetings with staff to discuss performance metrics, current trends in the industry, as well as any new products or services offered by the bank.
  • Provided excellent customer service.

Education

Bachelor of Arts Degree -

University of Michigan
05.1996

Skills

  • Conventional Underwriting
  • HELOC Underwriting
  • NonQM Underwriting
  • Credit Analysis
  • Risk Management
  • Fannie Mae Guideline Interpretation
  • Freddie Mac Guideline Interpretation
  • Non-QM Guideline Interpretation
  • Customer Service
  • Sales Support
  • Microsoft Office
  • Outlook
  • Company internal systems
  • External browsers
  • Appraisal review
  • Title review
  • Debt-to-income ratios
  • LTV/CLTV review
  • Credit-scoring
  • Income verification
  • Asset verification
  • Teamwork
  • Problem-solving
  • Attention to detail
  • Self motivation
  • Professionalism

References

References available upon request

Special Interest

  • Cedar Christian Church - Trustee of the Finance Board, 01/01/03-Present
  • Volunteer for former Congressional Representative Brenda Lawrence, 01/01/01-01/01/09
  • Financial Planner for former City of Detroit Councilman, Roy McCalister, 01/01/09-05/01/11

Timeline

Sr. Conventional Underwriter and Advocate

Flagstar Bank/Mr. Cooper
02.2015 - Current

Sr. Underwriting Assistant Support Specialist

Flagstar Bank/Mr. Cooper
01.2008 - 02.2015

Sr. Conventional Underwriter/Pricing Desk Supervisor

LaSalle Bank/Bank of America
05.2003 - 05.2008

Bank Branch Manager

Standard Federal Bank
05.1996 - 05.2003

Bachelor of Arts Degree -

University of Michigan

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