MAUREEN PRIVETTE
Essex
Summary
Strategic analyst and high-performing Underwriter offering several years of mortgage experience. Front-line underwriting experience and extensive knowledge in loan underwriting, loan origination, loan processing procedures, FHA-Federal Housing Administration loans, FNMA- Federal National Mortgage Association, FHLMC- Federal Home Loan Mortgage, Conventional, and Jumbo loan products. Adept at guiding loan inquiries related to product information, documentation requirements, credit analysis, collateral analysis, and qualifying requirements. Relentless and unyielding dedication to delivering quality project outcomes through proficient compliance with industry regulations and best practices. Extensive experience analyzing documents in accordance with company; and government policies. Excellent interpersonal skills and the ability to manage multiple priorities in a short time frame. Underwrote and assessed credit quality of residential mortgage loans. Made credit decisions on residential mortgage loan applications. Managed pipelines rectifying post-closing conditions. Keeping current knowledge of various agency requirements as well as other applicable banking laws and regulations including, but not limited to; Bank Secrecy Act/Anti-Money Laundering, RESPA, HMDA, Fair Lending Practices, Equal Credit Opportunity Act, Appraisal Requirements, Loan Estimate and Closing Disclosure, Fair Credit Reporting Act (FCRA), Fair Housing Act, Community Reinvestment Act, Gramm-Leach-Bliley Act, Servicemembers Civil Relief Act & Military Lending (SCRA & MLA), Flood, OFAC and ATR/QM.
Overview
7
7
years of professional experience
Work History
Intermediate Underwriting Risk Analyst
OneMain Financial Contractor for A&B Talent Acquis
New York
09.2023 - Current
- Evaluated existing policies and procedures related to compliance with industry regulations.
- Used cost-containment tools safely and accurately to control risks.
- Monitored risk assessments and assessed validity using industry-specific methods.
- Compiled and submitted regular reports to update senior management on progress.
- Used Excel charts and reports to break down and analyze information.
Remote Underwriter
Keller Mortgage
03.2022 - 05.2022
- Laid off
Remote Underwriter
Intercoastal Mortgage
09.2020 - 11.2021
- Laid off
- Determined appropriate loan structure based on customer needs, company policy and regulatory guidelines.
- Provided guidance on underwriting procedures to junior staff members.
- Resolved discrepancies between customer documentation and internal records.
- Reviewed and evaluated loan applications to assess creditworthiness, risk and eligibility for approval.
- Participated in regular training sessions regarding updates in relevant laws or regulations.
- Ensured timely submission of all documents needed for closing transactions.
- Maintained up-to-date knowledge of industry trends, regulations and compliance requirements.
- Assessed potential risks associated with each transaction prior to approving loans.
- Recommended adjustments to loan terms or conditions based on individual circumstances.
- Communicated effectively with lenders, and other external partners involved in transactions.
- Analyzed financial information including income, assets, liabilities and credit history of applicants.
- Verified accuracy of documentation such as income statements, tax returns, bank statements and other related documents.
- Managed workload to ensure timely and accurate processing of loan applications.
- Utilized underwriter authority to correspond with corporate risk appetite and strategy.
- Analyzed client's financial records and statements to assess creditworthiness.
- Evaluated applicant financial status, credit, and property evaluation to determine feasibility of granting loans.
- Interpreted underwriting guidelines and assessed risks according to company policies.
- Maintained knowledge of changing regulations and guidelines in the mortgage industry.
- Inspected financial statements, credit information and title data to complete underwriting process.
- Coordinated with management to resolve underwriting issues.
- Utilized underwriting software to determine loan risk and make approval decisions.
- Ensured all underwriting activities complied with company policies and external regulations.
- Conducted risk assessments on loan applications using detailed financial analysis.
- Collaborated with loan originators and processors to gather necessary documentation.
- Reviewed property appraisals to ensure accurate valuation and compliance with standards.
- Reviewed and modified loan agreements to ensure compliance with federal and state regulations.
- Worked with colleagues to review, accept or deny new and renewal business.
- Examined documents to determine degree of risk from value and condition of property.
- Reviewed company records to determine amount of insurance on single risk.
- Performed periodic reviews of existing loans to ensure continued compliance with established policies.
- Established maximum loan amounts according to underwriting standards and communicated decisions to customers.
Remote Government Underwriter
Summit Funding
06.2020 - 09.2020
Remote Government Underwriter
Freedom Mortgage Corporation
07.2019 - 06.2020
Senior Real Estate Loan Underwriter - FHA
MECU Credit Union
07.2018 - 07.2019
- Stayed abreast of lending regulations, industry trends and market rates.
- Verified client financial information to determine creditworthiness and loan eligibility.
- Reviewed client documentation and contracts for discrepancies and mistakes.
- Evaluated and approved loan applications based on established criteria.
- Approved or denied loan applications and explained reasoning behind decisions.
- Communicated effectively with customers throughout the entire underwriting process regarding any issues or questions they may have had about their loans.
- Provided guidance and direction to junior staff members when needed.
- Reviewed title commitments for accuracy prior to closing loans.
- Participated in regular training sessions designed to keep up with changing regulations in the real estate industry.
- Actively monitored industry news and changes in legislation that could affect mortgage lending processes.
- Evaluated potential risks associated with each loan application.
- Reviewed loan documentation to ensure accuracy and completeness of borrower's financial information.
- Performed quality control checks to ensure compliance with all federal regulations related to mortgage lending.
- Analyzed credit data, including credit reports, income statements, bank statements and appraisals.
- Consulted with loan originators and loan processors regarding loan requests that do not meet standard underwriting guidelines.
- Determined if the applicant meets the established criteria for loan approval.
- Maintained an up-to-date knowledge of investor requirements for specific types of loans.
- Ensured timely completion of all assigned tasks within deadlines set by management.
- Verified information provided by borrowers such as employment history, assets, liabilities, and debt-to-income ratios prior to approving a loan application.
- Analyzed loan risk and reviewed loan conditions and requirements.
- Resolved document mistakes and discrepancies and identified signs of fraudulent activity.
- Researched applicant employment and financial histories to confirm document accuracy.
- Collaborated with loan originators and processors to correctly review and assess applications and risks.
- Reviewed and evaluated loan applications and supporting documents.
- Requested additional information for applications and documents when necessary.
- Maintained compliance with company and regulatory policies.
- Determined loan eligibility and approved or rejected applications.
- Maintained up-to-date knowledge of changing lending regulations and guidelines.
- Communicated loan decisions, including approvals, suspensions, or denials, clearly to all relevant parties.
- Monitored and complied with all federal, state, and local regulatory requirements.
- Reviewed titles and appraisals to validate properties to meet insurer and guarantor guidelines.
- Collaborated with loan originators and processors to obtain necessary documentation for underwriting process.
- Liaised with appraisers, and other third parties to communicate needs and requirements.
- Provided support and guidance to junior underwriters and other team members.
- Performed detailed asset analysis to prevent fraud and verify sources of funds for closing.
- Interpreted complex financial statements and tax returns to assess borrowers' financial stability.
- Continuously improved underwriting processes through feedback from loan officers, and other stakeholders.
- Analyzed applicant financial and credit status, evaluating assets and risk to determine loan feasibility.
- Assessed feasibility of loan approval by reviewing financial histories, available credit and current employment.
- Reviewed credit histories from applicants and determined feasibility of granting requested loans.
- Reviewed loan agreements to verify completeness and accuracy according to applicable policies.
- Informed customers of loan application requirements and deadlines.
Education
Essex Community College
Baltimore, MD01.2013
Federal Housing Designated Underwriter - DE
01.1995
Skills
- Risk Assessment & Management
- Contracts Management
- Inventory Management
- Business Intelligence & Analytics
- Customer Relations & Satisfaction
- Performance Assessment
- Regulatory Requirements
- Account Management
- Data Entry & Analysis
- Encompass
- Citrix
- Financial analysis
- Regulatory compliance
- Data analysis
- Loan underwriting
- Credit evaluation
- Document verification
- Customer service
- Team collaboration
- Attention to detail
- Effective communication
- Problem solving
- Time management
- Training and mentoring
References
Available upon request
Previous Experience
Audited files before closing to make sure the debt ratio did not exceed what the underwriter conditioned for. If ratios exceeded the file was sent back to underwriting prior to the loan being able to close. Cleared Mavent fails prior to the loan closing. Prepared change of circumstances when information in the system changed., After performing such an excellent job as a prefunding auditor, I was interviewed to become an underwriter., I became a junior underwriter and quickly advanced to getting my DE - Direct Endorsement to underwrite FHA - Federal Housing Administration loans., I underwrote 3 to 4 loans a day plus conditions needed to be reviewed. Conditions varied per day. We had a 48 hour turnaround for new files and a 24 hour turnaround for conditions.
Timeline
Intermediate Underwriting Risk Analyst
OneMain Financial Contractor for A&B Talent Acquis
09.2023 - Current
Remote Underwriter
Keller Mortgage
03.2022 - 05.2022
Remote Underwriter
Intercoastal Mortgage
09.2020 - 11.2021
Remote Government Underwriter
Summit Funding
06.2020 - 09.2020
Remote Government Underwriter
Freedom Mortgage Corporation
07.2019 - 06.2020
Senior Real Estate Loan Underwriter - FHA
MECU Credit Union
07.2018 - 07.2019
Essex Community College