Mortgage Underwriter Resume Example

Senior Mortgage Underwriter · Truist

Charlotte, NC · 2021 - Present

• Lead underwriter for complex portfolio loans, maintaining an average approval rate of 88% while reducing risk exposure by 15% through enhanced due diligence.
• Streamlined underwriting process for non-QM products, cutting average decision time by 20% from 7 days to 5 days, increasing customer satisfaction.
• Mentored junior underwriters on advanced credit analysis and compliance, improving team efficiency by 10% and reducing error rates by 5%.
• Collaborated with sales and risk departments to develop new lending criteria, resulting in a 7% increase in qualified leads for specialized loan products.

Mortgage Underwriter · Ally Financial

Charlotte, NC · 2018 - 2021

• Evaluated over 1,500 residential mortgage applications, ensuring adherence to agency and investor guidelines with a less than 1% post-closing defect rate.
• Managed a monthly pipeline of 70+ loans, achieving 95% on-time closing rates by proactive communication and meticulous documentation review.
• Identified and mitigated potential fraud risks through in-depth analysis of financial statements and property reports, preventing over $2M in potential losses.
• Participated in cross-functional teams to test and implement new underwriting software, improving data accuracy by 12% and processing speed by 8%.

Bachelor of Science in Finance · University of North Carolina at Charlotte

Charlotte, NC · 2014 - 2018

• Graduated Magna Cum Laude, GPA: 3.8/4.0
• Relevant Coursework: Advanced Financial Management, Risk Management, Real Estate Finance, Business Analytics

Mortgage Underwriter · Flagstar Bank

Chicago, IL · 2022 - Present

• Underwrite an average of 40-50 mortgage loans monthly (Conventional, FHA, VA), maintaining a 98% accuracy rate on complex applications.
• Streamlined document review processes, reducing average underwriting time by 15% and increasing team efficiency.
• Collaborated with loan officers and processors to clear conditions promptly, resulting in a 10% improvement in loan closing times.
• Identified and mitigated potential fraud risks through meticulous analysis of financial statements and credit reports, preventing losses exceeding $250,000 annually.

Junior Mortgage Underwriter · BMO Harris Bank

Chicago, IL · 2020 - 2022

• Assessed eligibility and creditworthiness for over 30 residential mortgage applications per month, ensuring compliance with all internal and external regulations.
• Achieved a 95% success rate in clearing initial loan conditions within 48 hours of receipt, accelerating pipeline flow.
• Conducted thorough analysis of income, assets, and liabilities to determine repayment capacity and risk level.
• Provided detailed underwriting findings and communicated effectively with loan originators on complex scenarios, enhancing client satisfaction.

Financial Analyst · Abbott Laboratories

Chicago, IL · 2018 - 2020

• Developed and maintained complex financial models for forecasting and budgeting, improving budget accuracy by 12% across multiple departments.
• Analyzed monthly financial performance against budget and forecast, identifying key variances and contributing to cost savings of over $500,000 annually.
• Prepared detailed financial reports and presentations for senior management, providing actionable insights into business unit performance.
• Assisted in the due diligence process for potential mergers and acquisitions, contributing to the successful integration of two smaller firms.

Bachelor of Science in Finance · University of Illinois Urbana-Champaign

Champaign, IL · 2014 - 2018

• Graduated Magna Cum Laude with a GPA of 3.8/4.0.
• Coursework included Advanced Financial Modeling, Econometrics, and Corporate Finance.
• Member of the Student Investment Fund, managing a portion of the university's endowment.