Top Consumer Loan Underwriter Skills

Below we've compiled a list of the most important skills for a Consumer Loan Underwriter. We ranked the top skills based on the percentage of Consumer Loan Underwriter resumes they appeared on. For example, 15.4% of Consumer Loan Underwriter resumes contained Loan Applications as a skill. Let's find out what skills a Consumer Loan Underwriter actually needs in order to be successful in the workplace.

The six most common skills found on Consumer Loan Underwriter resumes in 2020. Read below to see the full list.

1. Loan Applications

high Demand
Here's how Loan Applications is used in Consumer Loan Underwriter jobs:
  • Increased productivity to over 50% year over year by efficiently reviewing the loan applications and identify alternative financial solutions.
  • Evaluated consumer loan applications and rendered appropriate credit decisions within credit policy and in compliance with all regulations.
  • Completed in-depth reviews of consumer loan applications to ensure completion and adherence to federal and company guidelines.
  • Analyzed rationale behind credit decisions and loan applications to render decisions in compliance to Government lending policies.
  • Performed reviews of credit card loan applications and presented underwriting decisions to customers and bank personnel.
  • Utilize investor guidelines to decision customer loan applications on loan modifications, refinance and purchase transactions.
  • Follow prescribed guidelines, receives and review loan applications associated documentation to insure thoroughness and accuracy.
  • Examined unsecured revolving loan applications for accuracy, completeness, and compliance with appropriate standards.
  • Analyzed consumer and indirect lending loan applications supporting eight branches in the Centralized Lending Department.
  • Reviewed indirect loan applications and credit information from auto dealerships using formalized risk assessment.
  • Measured risks and manually underwrote home-equity and car loan applications to ensure quality decisions.
  • Worked with external customers to process loan applications from preliminary stages through closing activities.
  • Review loan applications for exceptions and recommend policy exceptions based on compensating factors.
  • Analyze initial loan applications and determining creditworthiness and risk analysis of loan application.
  • Negotiated terms and conditions of loan applications with dealers according to company guidelines.
  • Structured loan applications to accommodate consumer, refinance/cash-out, and or combinations.
  • Reviewed loan applications and associated documentation, ensuring thoroughness and accuracy.
  • Reviewed conventional residential mortgage loan applications for home purchases and refinances.
  • Forwarded loan applications beyond approved limits to superior officer for approval.
  • Reviewed loan applications and completed initial credit reviews / decisions.

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2. Credit Reports

high Demand
Here's how Credit Reports is used in Consumer Loan Underwriter jobs:
  • Analyze credit reports, calculating income, and evaluating residential appraisal reports in context of compliance with underwriting requirements and guidelines.
  • Underwrite consumer credit requests within current guidelines by analyzing application data, credit reports, and income capacity.
  • Analyze credit reports and associated documentation, analyzes appraisals, qualifies and classifies loans according to company guidelines.
  • Examined and evaluated credit reports/ tax returns/pay stubs/loan ratios and collateral information to determine credit worthiness.
  • Analyzed and validated borrower credit reports, traditional and non-traditional credit and other qualifying monthly expenses.
  • Reviewed Consumer Credit applications, credit reports and financial information; using an automated system.
  • Analyze credit reports and pertinent information to determine creditworthiness of existing and potential members.
  • Review supporting documentations for truthfulness and accuracy; interpret and verify credit reports.
  • Analyzed credit reports, calculated appropriate ratios, and provided financial counseling.
  • Analyzed loan documents, credit reports and customer wages to determine affordability.
  • Evaluated and interpreted credit applications, credit reports and income/assets calculations.
  • Reviewed credit reports and worked within LMF system to determine eligibility.
  • Analyzed credit reports and documents to process applications.
  • Reviewed credit application and credit reports.
  • Interpret credit reports and analyze potential risk in order to extend credit under risk- based lending policies of consumer lending program.
  • Review credit reports for credit score, derogatory items, public records, fraud alerts, payment history and any discrepancies.
  • Analyze and verify accuracy in borrower's income, tax returns, credit reports, assets, and perform risk evaluation.
  • Utilized the Velocity loan origination system to the fullest capacity by utilizing features such as credit reports and NADA collateral values.
  • Execute the loan origination process, including Credit reports, Negative return loans, Cap rates and Over 150k mile units.
  • Risk analysis, including review of credit reports, income, appraisal, title report, and various insurance documents.

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3. Financial Statements

high Demand
Here's how Financial Statements is used in Consumer Loan Underwriter jobs:
  • Evaluate applications by gathering credit bureau information and reviewing collateral valuations, tax returns, financial statements and other support documentation.
  • Performed due diligence on companies seeking credit by interviewing business owners, analyzing historical financial statements and creating financial projections.
  • Provided a thorough analysis of personal and business tax returns, financial statements and other documents necessary for closing.
  • Reviewed title and appraisal for accuracy * Analyzed credit and financial statements to make prudent underwriting decisions per policy/guidelines.
  • Correspond with borrowers/accountants/attorneys to clarify the most complex/ problematical tax returns and/or financial statements for a mutually beneficial outcome.
  • Analyzed and verified loan-to-value ratios, completeness of application information, credit reports, and other financial statements.
  • Analyzed financial statements, credit reports and applicable ratios to determine borrower s capacity to repay financial obligations.
  • Analyzed customer financial statements to calculated applicable ratios to determine affordability, credit utilization, and asset coverage.
  • Review and analyze budget, financial statements and project legal documentation to determine financial stability and risk.
  • Reviewed credit reports, financial statements, and all other relevant documentation for accuracy and completeness.
  • Reviewed financial statements, credit reports, ratios and other supporting documentation to make approval decisions.
  • Gathered credit histories, financial statements and other relevant information to support loan approval.
  • Evaluated financial strength of individuals by analyzing financial statements and other credit documents.
  • Orchestrated gathering of pertinent and time-sensitive documentation and financial statements for dealer reviews.
  • Reviewed over 200 financial statements per Month Maintained friendly and professional customer interactions.
  • Evaluated credit risks and analyzed account information including financial statements and management relationships.
  • Research and analysis on pertinent financial statements to evaluate credit worthiness.
  • Determine credit worthiness & understand financial statements relative to credit decision.
  • Analyze and evaluate financial statements and related materials for repayment ability.
  • Calculated financial ratios and reviewed financial statements and financial reports.

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4. Income Documentation

high Demand
Here's how Income Documentation is used in Consumer Loan Underwriter jobs:
  • Underwrite loans above my delegation of authority as needed while adhering to investor guidelines, income documentation requirements and credit policies.
  • Examine completed financial assistance packages when underwriting and analyze income documentation to determine viable retention options for Wells Fargo borrowers.
  • Analyzed income documentations and stipulated information to determine credit worthiness.
  • Calculate customer's income using income documentation that is provided.
  • Analyzed mortgage loan hardships, income documentation, and investor guidelines in order to determine if a foreclosure alternative was available.
  • Reviewed documents such as 4506T, Tax Return/Tax Transcripts, Income documentation, bank statements, Form 710 and credit report.
  • Analyze and calculate income documentation to determine the most appropriate course of action on delinquent or imminent default mortgages.
  • Evaluated home owner's credit report, property appraisal, income documentation, tax returns and loan documents.
  • Review all income documentation and calculate it according to guidelines of the modification product being applied for.
  • Collected, processed, and reviewed income documentation, and valuation reports for loan modification review.
  • Examine income documentation to verify that the borrower has the capacity to repay the loan.
  • Review the borrower's income documentation, and properly cash-flow the borrower to determine affordability.
  • Reviewed and verified income documentation, appraisals, property searches, and flood determination.
  • Reviewed title searches, appraisal, and income documentation for approval.
  • Analyzed income documentation including personal, partnership and corporate tax returns including 4506-T Audit results.
  • Calculate income using paystubs, W-2s, 1099's, tax returns, social security, pension and other income documentation.
  • Review credit report, paystubs, tax returns & other types of income documentation for review.
  • Verified liabilities, credit report, employment, and income documentation including paystubs and tax returns.
  • Order BPO/AVM / Appraisal Review income documentation.
  • tax forms/income documentation, etc.)

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5. Debt Ratios

high Demand
Here's how Debt Ratios is used in Consumer Loan Underwriter jobs:
  • Determined debt ratios, eligibility, repayment ability, current income, cash flow, interest rate, and loan terms.
  • Make accurate credit decisions by using bank policies, debt ratios, credit and financial risk factors, and relationship information.
  • Assessed credit reports, payment history, and income documentation to calculate applicable debt ratios, and determine creditworthiness.
  • Analyzed debt ratios, loan to value ratios, applicant's income stability, credit worthiness and collateral.
  • Review current appraisal report for current LTV, pull credit report and analyze current credit to debt ratios.
  • Calculated income using frequency or year to date method, calculated borrowers front and back end debt ratios.
  • Analyzed appraisals, income and employment documentation, title reports, debt ratios and loan to value ratios.
  • Analyze credit reports and review debt ratios to determine creditworthiness to accept loans within acceptable risk tolerances.
  • Verify and calculate assets, examining loan to value and debt ratios.
  • Calculate customers front and back end debt ratios.
  • Evaluated different debt ratios and loan-to-value ratios.
  • Determined debt ratios and attain approvals by using automated scoring systems and traditional underwriting methods.

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6. Underwriting Guidelines

high Demand
Here's how Underwriting Guidelines is used in Consumer Loan Underwriter jobs:
  • Reviewed loan submissions in accordance with underwriting guidelines regulatory compliance - HARP and Refinance conventional retail programs.
  • Provided proactive and timely communication to customers and business partners on loan decisions and underwriting guidelines.
  • Apply critical thinking to complete underwriting tasks even in situations not clearly outlined in underwriting guidelines.
  • Underwrite Conventional Mortgages by applying automated and manual underwriting guidelines for purchase and refinance transactions.
  • Evaluated credit and property acceptability in accordance with company s underwriting guidelines.
  • Prepared detailed reporting adhering to Chase credit underwriting guidelines and investor requirements.
  • Approve or decline loans based on risk classifications and adherence to underwriting guidelines
  • Coached Processors and Junior Underwriters on underwriting guidelines to improve performance.
  • Communicated daily to business partners on loan decisions and underwriting guidelines.
  • Interpret underwriting guidelines and evaluate credit worthiness.
  • Worked directly with management to determine the appropriate course of action on applications that do not meet normal underwriting guidelines.
  • Reviewed underwriting guidelines to make sure that all necessary second level reviews were obtained prior to final underwriting review.
  • Keep current of changes in underwriting guidelines and verify current loans conform to state and federal laws and regulations.
  • Evaluated loan risk by making sound credit decisions per company underwriting guidelines and loan program parameters.
  • Developed summary chart of the Underwriting Guidelines which was later distributed to the team.
  • Approve or deny borrower request for mortgage assistance based on invest or underwriting guidelines.
  • Mastered underwriting guidelines & loan programs minimizing loss to the association.
  • Authored the underwriting guidelines manual for future employees.
  • Condition loans using AUS and manual underwriting guidelines.
  • Ensured compliance amidst continuously changing underwriting guidelines.

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7. Loan Portfolio

high Demand
Here's how Loan Portfolio is used in Consumer Loan Underwriter jobs:
  • Monitored and tracked the loan portfolio performance and communicated loan term violations to management and client relationship managers.
  • Modified and restructured loans by analyzing personal credit and financial information from acquired residential loan portfolios.
  • Maintained quality of loan portfolio through investigation and analysis.
  • Presented analysis on new loan requests as well as violations on existing loan portfolio to credit review oversight committee.
  • Monitored loan portfolio performance regarding delinquencies and charge offs, while maintaining loan quality in the portfolio.
  • Managed a loan portfolio in excess of $100 million while processing over 1,000 applications monthly.
  • Underwrite commercial real estate loans for the small business loan portfolio using cash flow analysis.
  • Maintain the quality of the loan portfolio by ensuring consistency of underwriting standards.
  • Developed Loan Portfolio of over $75,000,000 in a four-year period.
  • Managed loan portfolios through processing, underwriting and closing.
  • Managed a $5M loan portfolio.
  • Assisted in a 10% growth in the consumer loan portfolio in 2013 and 7% in 2014.
  • Manage loan portfolio with highest quality, and quantity results.

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8. Income Tax Returns

high Demand
Here's how Income Tax Returns is used in Consumer Loan Underwriter jobs:
  • Review of appraisal reports, property inspection reports and income tax returns.
  • Analyze documentation received such as Pay-stubs, Income Tax Returns, Bank Statements, etc.
  • Expanded my knowledge of appraisal review process, fraud detection, and analyzing complex self-employed income tax returns.
  • Review and analyze complex Business and Individual Income Tax returns of borrowers to determine income per Fannie Mae guidelines
  • Utilized thorough knowledge of personal and business income tax returns.
  • Analyzed personal and business income tax returns.

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9. FHA

high Demand
Here's how FHA is used in Consumer Loan Underwriter jobs:
  • Authorized to decision Level FHA transactions in accordance with underwriting policy and procedures per investor group servicing guidelines and requirements.
  • Utilized FHA investor guidelines and delegated authority to review decisions of customer hardships with related home retention strategy.
  • Organized underwriting for FHA and conventional residential mortgages.
  • Demonstrated experience in underwriting conventional and FHA loans.
  • Underwrite Conventional/FHA/HARP Loans with signing authority.
  • Underwrite Conventional and FHA loans to ensure compliance with state and federal regulations, as well as underwriting guidelines from investors.
  • Reviewed borrower financial documents and credit history to determine eligibility for HAMP, FHA, HUD and Wells Fargo loan modifications.
  • Review Conventional and FHA appraisals following appropriate guidelines and utilizing knowledge of principles, methods, practices and techniques of appraising.
  • Approved residential conventional/FHA mortgages, ensuring that all aspects met the guidelines to qualify as best quality loans, including compliance.
  • Reviewed Conventional, FHA, VA, Group Home, High Balance loan amounts, and additional products as needed.
  • Level C decision delegation in FHA, Prior delegations held in VA, 512, Fannie Mae and Freddie Mac.
  • Experienced in multiple mortgage products including Non-Prime, Agency, HARP, FHA (DE Certified) and exception lending.
  • Played an instrumental role in training my team to become proficient in FHA while on a leveraged team in WMSA.
  • Apply abilities to a process and underwrite files to assure guidelines/procedures are followed for GSE, Non GSE and FHA.
  • Leveraged in-depth knowledge of FHA, FNMA, and FHLMC guidelines, to evaluate a high volume of loans.
  • Evaluate and ensure the loan transaction and documents are accurate and compliant to company, FHA and industry guidelines.
  • Performed second level review on purchase declines for FHA/VA and conventional loans from retail and joint venture business lines.
  • Team lead responsibilities that consist of file auditing, coach backs, training on FHA/VA/FNMA regulation and guideline updates.
  • Specialized in processing and underwriting FHA, VA, Conventional, and portfolio loan applications to determine final decision.
  • Have achieved a C Level FHA Underwriting Delegation of Authority, One of only 3 in our Birmingham site.

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10. Overall Loan Documents

high Demand
Here's how Overall Loan Documents is used in Consumer Loan Underwriter jobs:
  • Reviewed, analyzed, and approved underwriting requests and products including evaluating and ensuring overall loan documents accuracy.
  • Evaluate and ensure overall loan documents are accurate, complete, and compliant
  • Evaluated and ensured overall loan documents accuracy, completeness, and compliancy.

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11. Customer Service

high Demand
Here's how Customer Service is used in Consumer Loan Underwriter jobs:
  • Direct responsibility for utilizing my strong organizational and communication skills to complete daily financial, underwriting, and customer service activities.
  • Display excellent customer service with strong verbal and written communication skills between internal employees and external customer/business partners as needed.
  • Provide exemplary customer service to borrowers and internal staff by communicating written credit decisions and offering alternative options when needed.
  • Attained results by developing associates, expanding customer relationships, achieving sales goals and exceeding customer service expectations.
  • Reviewed consumer financial situations and make loan decisions based on company risk policy and customer service standards.
  • Exhibit excellent customer service by contacting customers and partners to gather information to make an appropriate decision.
  • Provide customer service for personal bankers and customers seeking answers to documentation and underwriting questions.
  • Worked well independently and within a team with limited direction and maintained excellent customer service.
  • Communicate effectively with branch personnel and auto dealers to help provide outstanding customer service.
  • Managed a daily pipeline to ensure accurate closings while providing exceptional customer service.
  • Uphold high level of loan quality integrity while maintaining productivity and customer service.
  • Display outstanding customer service by communicating credit decisions effectively both internally and externally.
  • Handled escalated customer service issues and loan file concerns including processing Deed-in-Lieus.
  • Achieved numerous awards from banking offices for outstanding customer service performance.
  • Provide a high level of customer service support to internal/external customers.
  • Delivered superior customer service to both internal and external customers.
  • Handle escalation calls from banker and/or customer service representative.
  • Recognized for outstanding customer service skills with managers and borrowers
  • Ensured customer's satisfaction by providing exceptional customer service.
  • Recognized for outstanding customer service and exceeding expectations.

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12. Appropriate Decisions

high Demand
Here's how Appropriate Decisions is used in Consumer Loan Underwriter jobs:
  • Provide excellent customer service to customers and partners when gather information to make appropriate decisions and explain rationale behind credit decisions.
  • Contacted customers and partners to gather any information needed to make appropriate decisions and also explain rationale behind credit decision.
  • Contacted customers, contractors and/or partners to gather information to make appropriate decisions, explain rationale behind credit decision
  • Contacted customers & obtained necessary information to make appropriate decisions, & explain rationale.
  • Contacted customers and partners to gather information to make appropriate decisions.
  • Collect precise information to execute appropriate decisions; evaluate core strengths and weaknesses of loan requests, while utilizing discretionary judgment.
  • Gathered information to make appropriate decisions, explain rationale behind credit decisions, and/or to sell/promote line products.
  • Collaborated with team members and senior management to ensure appropriate decisions on complex loans.
  • Communicate with branch staff and management to gather information to make appropriate decisions.
  • Research and gather information to make appropriate decisions.
  • Assist with renegotiations of loans based on lending guidelines and contact customers and partners to gather information to make appropriate decisions.

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13. Equity

high Demand
Here's how Equity is used in Consumer Loan Underwriter jobs:
  • Performed income and credit review to evaluate creditworthiness and borrower's capacity for home equity line of credit products and modifications.
  • Analyzed both new and previously-denied applications for credit worthiness and potential alternatives to credit approval to further increase portfolio equity.
  • Specialized in home equity underwriting, including reviewing financial information, appraisals and title reports.
  • Determined qualifying income for Home Equity credit products; analyzed applications and documentation.
  • Evaluate and approve/decline equity and non-equity loans using a credit scoring system.
  • Implement company policy and determine applicability for various home equity products.
  • Analyzed credit profiles to provide equity lines and secondary financing products.
  • Reviewed deeds of trust, promissory notes, regulatory, land of regulatory and equity participation or similar types of agreements.
  • Processed all consumer loans, primarily Home Equity Loans and Home Equity Lines of Credit, including the most complex files.
  • Underwrite and apply necessary conditions to home equity mortgage line requests to ensure compliance with all applicable program and product guidelines.
  • Reviewed large volumes of consumer loan requests for a wide range of products including autos, personal, and home equity.
  • Evaluated and reviewed Wells Fargo's home equity credit default portfolio and the GSE (Fannie Mae) investor owned portfolio.
  • Provided underwriting for all consumer credit products, including home equity, auto, boat, and unsecured loan requests.
  • Ordered and reviewed title searches for home equity loans while dealing directly with title insurance companies aiding in lien perfections.
  • Underwrite home equity loans and lines of credit in accordance with bank policy and procedures and complying with federal regulations.
  • Mortgage Underwriter Reviewed, analyzed, approved and underwrote conventional mortgages as well as Home Equity Line of Credit Increases.
  • Reviewed applications and underwrote loans up to $300,000 for various products including consumer, auto and home equity loans.
  • Determine credit worthiness of consumers for Home Equity Lines of Credit, personal loans, and indirect car loans.
  • Managed Premier, Private Bank & Market Manager escalations mailbox for Home Equity, Mortgage & Commercial real estate.
  • Approved, countered and denied Wells Fargo Home Equity short sale and settlement offers to minimize potential business loss.

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14. Ensure Accuracy

high Demand
Here's how Ensure Accuracy is used in Consumer Loan Underwriter jobs:
  • Examined all documentations provided by the consumers to ensure accuracy, completeness, consistency and legitimacy.
  • Mentor underwriters and complete peer reviews to ensure accuracy and assist in achieving Delegation of Authority.
  • Worked with loan originators and processing staff to ensure accuracy and completeness of loan documentation.
  • Worked closely with customer relations departments to ensure accuracy on all high priority escalations.
  • Review and evaluate Conventional and Government transactions to ensure accuracy and completeness.
  • Analyzed complex financial and credit information to ensure accuracy and completeness.
  • Prepared reports that ensure accuracy and completeness of data.
  • Review loan documentation to ensure accuracy and completeness.
  • Revived loan transactions to ensure accuracy and completeness.
  • Evaluated customer mortgage loan transactions and documents to ensure accuracy, completeness, and compliance with company and industry lending guidelines.
  • Evaluate and document all loan requests on regular basis, manage all wire transactions, initiate requests and ensure accuracy.
  • Examine transactions to ensure accuracy and completeness, ensuring that documents are consistent and upheld to company and industry standards.
  • Use attention to detail to evaluate overall loan documents and ensure accuracy, completeness, and compliance with policy guidelines.
  • Reviewed title policies to ensure accuracy and correct recording, lien position and legal documentation is met.
  • Work with loan originators and processors to ensure accuracy and completeness of loan files submitted.
  • Examined titles, appraisals and transactions to ensure accuracy and completeness.
  • Calculate W2, Self-employment, and rental income to ensure accuracy.
  • Selected to manage applications for new processes to ensure accuracy.
  • Examine loan documents to ensure accuracy.
  • Reviewed and edited loanrequests to ensure accuracy.

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15. Fraud Detection Techniques

average Demand
Here's how Fraud Detection Techniques is used in Consumer Loan Underwriter jobs:
  • Implemented fraud detection techniques and performed secondary reviews focusing on quality and compliance.
  • Implemented fraud detection techniques and adhered to compliance requirements.
  • Analyzed credit reports and implemented fraud detection techniques.
  • Implemented fraud detection techniques during review of documentation.
  • Uphold to Bank of America and industry guidelines; determining hardship, calculating income, occupancy, implementing fraud detection techniques.
  • Implemented fraud detection techniques, assisting with the negotiations of loans based on lending guidelines.
  • Implemented fraud detection techniques and solutions to reduce critical errors.
  • Apply fraud detection techniques to mitigate financial and regulatory risk.
  • Implemented fraud detection techniques, & performed internal audits.
  • Apply fraud detection techniques to include OFAC research.
  • Applied advanced fraud detection techniques.
  • Implemented fraud detection techniques and completed all requests in a timely manner.
  • Implement fraud detection techniques using internal and 3rd party sources such as Accurint and/or Innovis to clear CIP and/or fraud flags

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16. Loan Modifications

average Demand
Here's how Loan Modifications is used in Consumer Loan Underwriter jobs:
  • Collected modification payments, created borrower repayment plans, qualified borrowers for loan modifications and/or forbearance agreements.
  • Reviewed, submitted and recommended exceptions for loan modifications outside the scope of modification to investors.
  • Processed 500 loan modifications approved under Obama's Homeowners Stability Plan.
  • Assisted borrowers with Modification Special Forbearance plans and Loan Modifications.
  • Processed all loan modifications and renewals.
  • Processed land loan modifications for approval.
  • Reviewed and underwrote loan modifications.
  • Examined residential loan modifications applications.
  • Negotiated loan modifications with insurers, investors for the best financial solutions for both, the investor/insurer & the company.
  • Perform loan modifications for Trial and Final program also known as MHA-Making Homes Affordable & CMP-Chase Modification Program.
  • Work with mortgagors who are delinquent that are interested in applying for repayment plans, or loan modifications.
  • Experience working with customers doing loan modifications and different payment plans to meet there needs.
  • Packaged loan modifications specific to investor guidelines for loans 90 days or more delinquent.
  • Analyze and underwrite transaction of current Wells Fargo Customers seeking home loan modifications.
  • Approve and reject loan modifications, or request additional information from borrowers.
  • Acquired lead underwriter role of mortgage loan modifications and extensions.
  • Analyze and approve 20 to 40 loan modifications monthly.
  • Review, analyze, and approve/deny loan modifications.
  • Audited over 750 loans annually to mitigate operational risk by ensuring defaulted mortgagors applying for loan modifications are properly cancelled.
  • Negotiated and/or obtained approval on recommended loan modifications with insurers, investors and Chase Bank.

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17. Freddie Mac

average Demand
Here's how Freddie Mac is used in Consumer Loan Underwriter jobs:
  • Used Fannie Mae and Freddie Mac guidelines to underwrite * Used Organizational and time management skills to complete record goals set
  • Reviewed mortgage underwriting notes to determine servicing compliance with investor guidelines throughout the default servicing period for client Freddie Mac.
  • Ensured no initial loan problems that would make the mortgages ineligible for financing under Fannie Mae and Freddie Mac guidelines.
  • Evaluate borrower documents and customer profile to insure compliance with investor, Freddie Mac, and Fannie Mae guidelines.
  • Ensured loan proposals adhere to investor guidelines of Fannie Mae, Freddie Mac and B&P servicing.
  • Utilized Freddie Mac and Fannie Mae systems to ensure Loan met Federal Regulations as a QM Quality Mortgage.
  • Underwrite to Fannie Mae/Freddie Mac guidelines using desktop underwriter, loan quest and prime alliance computer programs.
  • Ensured accuracy in all areas of underwriting related to the Freddie Mac & Fannie Mae guidelines.
  • Review of Private, Asset and Freddie Mac Loans for qualification for modification lending programs.
  • Assure all compliance, regulatory and governmental guidelines are followed for Conventional, Freddie Mac and
  • Managed diverse portfolio of loans including Freddie Mac, Fannie Mae, Bank & Private.
  • Maintained Level C Delegation in Freddie Mac, Fannie Mae and Wells Owned investor portfolios.
  • Obtained senior level delegation authority for both the Fannie Mae and Freddie Mac portfolios.
  • Demonstrate an understanding of Freddie Mac, Fannie Mae and HARP guidelines.
  • Managed a portfolio of delinquent Fannie Mae and Freddie Mac accounts.
  • Underwrite Fannie Mae & Freddie Mac Origination Purchase and Refinance Loans.
  • Ensured Wells Fargo, Fannie Mae and/or Freddie Mac guidelines met.
  • Delegated authority to review Fannie Mae and Freddie Mac loans.
  • Adhere to Fannie Mae and Freddie Mac governing laws.
  • Process Treasury, Fannie Mae, Freddie Mac Modifications.

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18. Compliance Reviews

average Demand
Here's how Compliance Reviews is used in Consumer Loan Underwriter jobs:
  • Performed compliance reviews and testing on business specific programs and processes to ensure regulatory guidelines were completed.
  • Performed compliance reviews processes to ensure regulatory guidelines were completed.
  • Performed compliance reviews to detect fraudulent activities.
  • Implement fraud detection techniques, perform compliance reviews; assist with re-negotiations of loans based on lending guidelines.
  • Implemented fraud detection techniques & performed compliance reviews/ checklist to maintain Wells Fargo quality loan portfolio.
  • Implement fraud detection techniques and compliance reviews to ensure accuracy and risk management.
  • Implemented fraud detection practices and performed compliance reviews and audits.
  • Prepare formal credit analysis reports and compliance reviews.
  • Implemented fraud detection techniques and performed compliance reviews.
  • Handled Loan Underwriting and Audit compliance reviews.
  • Perform due diligence and compliance reviews.

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19. Fannie MAE

average Demand
Here's how Fannie MAE is used in Consumer Loan Underwriter jobs:
  • Achieved sign off authority for Fannie Mae conforming loans as well as non-conforming jumbo loans.
  • Ensured the proper monitoring of the construction and conversion of Fannie Mae Forward Commitment Loans.
  • Maintain full understanding and updated knowledge of Fannie Mae guidelines.
  • Assisted Investor Accounting with loan sale to Fannie Mae.
  • Detail knowledge of AUS( Automated Underwriting System)as well as (UDS) Fannie Mae Underwriting Desktop System.
  • Utilized Fannie Mae Desktop Underwriting (DU) to ascertain transaction salability on the secondary market.
  • Full knowledge of Regulation B, Truth-in-Lending, Fannie Mae, Ginnie Mae, and Consumer
  • Reviewed 1004, 2055 1073 plus multi family appraisals per fannie mae guidelines.

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20. Fnma

average Demand
Here's how Fnma is used in Consumer Loan Underwriter jobs:
  • Rendered underwritten decisions and subsequently cleared conditions per underwriting policies and procedures, including knowledge of FNMA and FMLMC guidelines.
  • Perform due diligence underwriting review on closed residential loans for compliance with FNMA, Federal and State Lending guidelines.
  • Perform forensic review on loans for FNMA; generate repurchase letters based on findings of deficiencies.
  • Stayed current with industry guidelines and regulatory changes, including FHLMA and FNMA.
  • Ensured all loans meet FNMA guidelines and regulatory requirements.
  • Perform analysis of transactions for FNMA and Freddie Mac.
  • Submit and write up CVAS/HRAP exception to FNMA/HUD.
  • Tax returns and Balance Sheet analysis) Reviewed FNMA loans for modifications or any available workout options.

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21. Ensure Compliance

average Demand
Here's how Ensure Compliance is used in Consumer Loan Underwriter jobs:
  • Conducted detailed analysis of incoming loans within 30 days of acquisition to ensure compliance with federal Consumer Financial Protection Bureau regulations.
  • Analyzed and reported feedback to senior management to ensure compliance with internal policies and National Servicing Standards.
  • Reviewed documentation to ensure compliance with company policy, underwriting criteria, and requirements.
  • Control risk by auditing 7+ files a day to ensure compliance with investor specific credit policies and business line procedural requirements.
  • Analyzed and managed reporting for NSS (National Servicing Standards), to ensure compliance with governmental regulation.
  • Collaborated with the audit and home preservation teams, to ensure compliance with government and company guidelines.
  • Maintained knowledge and review department wide pricing to ensure compliance with FDCPA and corporate policies and standards.
  • Created and implemented underwriting procedures to ensure compliance with state, federal and credit union regulations.
  • Review property appraisal to ensure compliance with the bank and investor guidelines.
  • Analyzed risk on all loan approvals to ensure compliance.
  • Reviewed loan files to ensure compliance with guidelines.
  • Analyze State/Federal Law to ensure compliance.
  • Participate in on-going education to ensure compliance with all government and bank regulations.
  • Review decisions to ensure compliance with state and federal consumer lending regulations.

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22. Company Standards

average Demand
Here's how Company Standards is used in Consumer Loan Underwriter jobs:
  • Analyzed and interpreted customer's credit histories and granted credit based upon company standards and regulations.
  • Maintain quality control standards while exceeding company standards by company's definition.
  • Review and responded to customer inquiries and decisions; ensuring files are current, complete, and Compliant with company standards.
  • Be sure all transactions and reports are accurate and complete, and adhere to all company standards and policies.
  • Maintain high quality levels while meeting the requirements of Second Level Review and company standards.
  • Reviewed residential loan files to verify application data is correct and meets company standards.
  • Ensured credit files were current, complete, and compliant with company standards.
  • Approved or denied mortgage loans following company standards.
  • Developed and implemented training for new hires, provided coaching and mentoring, and ensured adherence to industry/company standards.
  • Reviewed loan-to-value ratio, credit reports, and application to ensurethat each loan met company standards.

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23. Formal Reports

average Demand
Here's how Formal Reports is used in Consumer Loan Underwriter jobs:
  • Prepare formal reports for review ensuring that documents are consistent and uphold to company and industry guidelines.
  • Examine transactions to ensure accuracy and completeness, prepare formal reports and implement fraud detection techniques.
  • Review Personal and Business Tax Returns including 1120S and 1065Prepared formal reports for Second Level Review.
  • Prepared formal reports, ensuring all necessary company and industry guidelines had been met.
  • Prepare formal reports for review ensuring documents are consistent.
  • Prepared formal reports, PowerPoints and training for review.
  • Prepare formal reports for review.
  • Respond to internal and external audits Prepared formal reports for review and ensuring that company and industry guidelines were upheld.

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24. Fhlmc

average Demand
Here's how Fhlmc is used in Consumer Loan Underwriter jobs:
  • Collaborated with another team member to create a new process for FNMA/FHLMC files over 24 months delinquency.
  • Review and underwrite government loans including FHLMC, FNMA, Bankruptcy, NACA/CHA, and PMI.
  • Run FNMA and FHLMC Early Check to ensure all data entry in file is consistent.
  • Evaluated tax returns and performed a financial analysis per investor guidelines (FNMA-1084/FHLMC).
  • Front line underwriter for purchases and refinances of FNMA, FHLMC, Conventional Loans.
  • Utilized FNMA Desktop Underwriter and FHLMC Loan Prospector as well as manual underwriting.
  • Followed FNMA & FHLMC guidelines, calculated ratios and cash flow analysis.
  • Assisted in re-negotiations of loans based on lender and FHLMC/FNMA guidelines.
  • Obtained 4C authority, Sr. level authority for FNMA/FHLMC products.
  • Authorized to decision Level FHLMC B transactions.
  • Worked with several loan types, including HARP, FNMA, and FHLMC.
  • Review of FNMA, FHLMC and Private ivestor loans for HAMP and traditional modification options.
  • Submit loans to the investor FNMA and FHLMC for non-delegation review.

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25. Hamp

average Demand
Here's how Hamp is used in Consumer Loan Underwriter jobs:
  • Reviewed loss mitigation modifications according to investor guidelines to determine if the borrower would've qualify for a HAMP modification.
  • Processed loans that were categorized as MHA, HAMP, Non-HAMP, GSE modification program and as well as Multi-Lien loans.
  • Project requires the manual entry of borrower's personal information and the reasons for their denials for HAMP and Proprietary options.
  • Reviewed loans for HAMP qualifying guidelines, accuracy and completeness of documents submitted as well as investor and PMI company guidelines.
  • Provided decisions based on portfolios such as HAMP, HARP and other mortgage portfolios used by Wells Fargo.
  • Set appointments for qualified home owners going through financial hardships through HAMP and HARP programs.
  • Approved hundreds of mortgage loan modification under the HAMP and under the internal investor guidelines.
  • Recommend solutions to maintain home ownership, including HAMP, proprietary modifications and repayment plans.
  • Experience verifying compliance with the HAMP Home Affordable Modification Guidelines and NPV Treasury guidelines.
  • Verify occupancy, hardship, knowledge of HAMP & conduct VOI process per guidelines.
  • Review customer's financial package for loan modification options including HAMP and Proprietary.
  • Adhere to Private Investor guidelines, PMI guidelines and HAMP guidelines.
  • Developed internal procedures for HARP to HAMP internal referrals.
  • Conducted testing and training for HAMP.
  • Review loans for HAMP or Traditional modifications and adhere to the specific guidelines set by each while making a credit decision...
  • Review applications received from current Mortgage customers currently in default on loan for HAMP, MAP, or NACA modification programs.
  • Worked with Portfolio Strategy Group for loan modifications exceptions outside the scope of the HAMP and/or Pennymac program guidelines.
  • Stay abreast of industry program requirements, including Hamp, GSE/Insurer requirements.
  • Updated manual trial document on file for manual process Was liaisons for Hamp/HHF ERMG audit Award Received:

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26. Credit Risk

average Demand
Here's how Credit Risk is used in Consumer Loan Underwriter jobs:
  • Provided detailed feedback and critique to credit risk officer for inclusion in report delivered to senior management.
  • Assessed credit risk and evaluated borrower characteristics in comparison to evolving consumer credit guidelines.
  • Determined credit risk and analyzed various program guidelines.
  • Produce case by case decision for the most equitable resolution for modifying a mortgage note by evaluating income and credit risk.
  • Make recommendations of investor retention products based on customer credit risk, compensating factors, and good sound business judgment.
  • Analyze income documents for cash flow, credit risk and calculate net and gross income depending on the investor requirements.
  • Determined and evaluated risk factors to grant exceptions to borrowers' unique situation by outweighing credit risk against borrower benefit.
  • Ensured that the validation of automate underwriting system s information is accurate and finalize credit risk decision within engine.
  • Determined reasonable compensating factors to strengthen loan decisions and to lower credit risk on an individual loan basis.
  • Gained the confidence of operations manager and team lead through excellent credit risk analysis and excellent error rate.
  • Identify and assess key credit risks and the factors that mitigate these risks sufficient to recommend loan approval.
  • Obtained Level B signing authority and have maintained exceptional quality with no Credit Risk Management findings.
  • Research and examine credit risks, assess credit history and approve or disapprove extension of credit.
  • Perform a risk analysis of the transaction to minimize credit risk to the company and investor.
  • Document loan data, credit risk, borrower & business information in support of credit decision.
  • Analyzed income/asset documents, cash flow and credit risk using manual and automatized systems.
  • Underwrite all consumer loan requests by analyzing credit worthiness and evaluating credit risk.
  • Evaluate new and renewal loan requests while mitigating any credit risk associated.
  • Performed credit risk analysis and appraisal review on conventional loan files.
  • Review loan profile, analyze credit risk and verify program compliance.

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27. Credit Policy

average Demand
Here's how Credit Policy is used in Consumer Loan Underwriter jobs:
  • Maintain awareness of SBA policy and procedural changes, guideline revisions and modifications to internal credit policy.
  • Trained underwriting teams on credit policy and developed training philosophy for future team members.
  • Adhered to credit policy guidelines and banking regulations.
  • Verified documentation requirements according to investor credit policy.
  • Evaluated credit policy to discern loan approval, loan declines or make recommendations for exceptions to policy beyond current approval capabilities.
  • Delegated to make credit risk decisions using a formal credit policy to determine a customer's ability to repay a mortgage.
  • Train and assist new team members with multiple investor credit policy, guidelines and procedures for home preservation and default servicing.
  • Reviewed, analyzed, approved, and underwrote consumer requests within Wells Fargo Financial credit policy and lending matrices.
  • Analyze and validate customer credit applications in an efficient and timely manner in compliance with credit policy standards.
  • Created training seminars for colleagues across multiple sites regarding underwriting vision, credit policy, and portfolio nuances.
  • Compare each loan scenario, risks and offsets to Credit Policy to prove file warrants approval or denial.
  • Review, analyze, and underwrite files based on procedures and Credit Policy within the business unit.
  • Provided guidance, training and assistance with any credit policy questions or income documentation request and review.
  • Managed credit policy and risk compliance through review of fulfillment exception requests and property flipping transactions.
  • Conducted borrower cash flow analysis from multiple income sources, within credit policy guidelines.
  • Approved and denied mortgage loans according to credit policy and regulatory requirements guide lines.
  • Reviewed files to ensure compliance with Wells Fargo Credit Policy and specific investor regulations.
  • Assisted and guided sales staff in the underwriting process and CCCU credit policy.
  • Partner with the business group to address issues and clarify credit policy questions.
  • Manage a pipeline of loans using credit policy to underwrite files.

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28. DU

average Demand
Here's how DU is used in Consumer Loan Underwriter jobs:
  • Reviewed, analyzed, approved, and underwrote unusual and complex individual consumer requests and products within company and federal guidelines.
  • Analyzed business and individual financial information in order to underwrite residential loans meeting customer s needs based on their financial circumstances.
  • Manage a heavy pipeline of 50 plus loans, processing underwriting and/or closing procedures/federal lending regulations governing real estate lending.
  • Completed credit/risk analysis in accordance with all company and investor guidelines thus ensuring a salable product to all potential investors.
  • Conducted peer reviews for fellow teammates, offering methodology and logic to income cash flows prior to recommendation for resolution/modification.
  • Worked on team of experienced underwriters assigned to escalated self-employed borrowers and maintained a level of production consistent with peers.
  • Completed income calculations, analyzed credit and asset documentation to ensure adherence to all company and industry policies and guidelines.
  • Review, analyze, approve and underwriting complex individual consumer requests and products within company and mortgage industry guidelines.
  • Display understanding of underwriting policies and procedures, extensive training and testing of compliance and continued ethical behavior.
  • Selected to host visiting executives and give presentations of system, policy explanation, or procedure clarification.
  • Teamed with Implementation and Quality Assurance groups to produce written departmental communications and standard operating procedure documentation.
  • Conducted fraud investigations on internal and external customers for material misrepresentation resulting in termination of customer relationship.
  • Create reporting and tracking methods in order to identify application/performance trends to effectively reduce operating costs.
  • Offer feedback and collaborate with underwriting team and training department to identify and improve procedure/policy.
  • Qualified in the underwriting policies and procedures, including investor guidelines and regulatory updates.
  • Developed more accurate and efficient tracking system to monitor team effectiveness and productivity metrics.
  • Conducted customer interviews and due diligence investigations on applications on an as needed basis.
  • Communicated and provided feedback to underwriting management recommendations for policy or procedural changes.
  • Invited to join triage team tasked with reducing decision inaccuracies with income-based decisions.
  • Assess an individual's creditworthiness while adhering to all regulatory and compliance requirements.

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29. Traditional Underwriting

low Demand
Here's how Traditional Underwriting is used in Consumer Loan Underwriter jobs:
  • Utilize traditional underwriting and automated scoring systems to assist with calculations for approving loan requests.
  • Use an automated scoring system or traditional underwriting to determine acceptability of moderate requests.
  • Control and determine acceptability of loan requests utilizing automated scoring systems or traditional underwriting.
  • Utilized traditional underwriting practices to decision loan without automated guidance.
  • Perform duties using automated scoring systems or traditional underwriting.
  • Use automated scoring or traditional underwriting to determine acceptability.
  • Transitioned to traditional underwriting on LPS where I held 4C authority.
  • Recommend/approved requests within my decisioning authority levels using an automated scoring system or traditional underwriting.
  • Used automated scoring system and traditional underwriting practices to determine the acceptability of financing requests.
  • Full, conventional, traditional underwriting including communicating decline decisions Directly with customers.

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30. Performance Feedback

low Demand
Here's how Performance Feedback is used in Consumer Loan Underwriter jobs:
  • Coach and mentor lower-level underwriters on decision-making and departmental processes and policies, and provide performance feedback.
  • Managed performance feedback through monthly quality audits and certification audits to maintain quality.
  • Coached and mentored junior underwriters and provided performance feedback to their supervisors.
  • Mentored subordinate team members and provide performance feedback.
  • Explained rationale behind credit decision to customers and staff; Directed and trained junior staff; provided performance feedback to supervisor/manager.
  • Coach and mentor lower-level underwriters on decision making and departmental processes and policies, and provide performance feedback to their supervisors.
  • Provide training, guidelines, and performance feedback to junior staff members
  • Worked as a team lead provided direction and/or training to team members and prepared performance feedback to manager.
  • Train team members to fulfill Consumer Loan Underwriter 2 position and report performance feedbacks to department manager.
  • Provide work direction and training to lower level team members and provide performance feedback to supervisor/manager.
  • Provided work direction and shared best practices to team members and submitted performance feedback to management.

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31. Level Review

low Demand
Here's how Level Review is used in Consumer Loan Underwriter jobs:
  • Advocated and negotiated complaint resolution through coordination with Second Level Review and Senior Leadership.
  • Compiled information and submitted packet to second level review for final approval.
  • Completed second level reviews and higher sign applications for lower level underwriters.
  • Compiled/forwarded decision package and supporting docs to Second Level Review for quality.
  • Experienced with obtaining exception authority and second level reviews.
  • Second Level Review Conventional Mortgage Underwriter.
  • Analyzed pay stubs, credit reports, hardship letters and other supporting documents in the second level review of the file.
  • Second Level Review (SLR) Loss Mitigation/Default Servicing Advise consumer real estate customers of available solutions to resolve mortgage delinquencies.
  • Review exception loan requests, second level reviews for loans being recommended for denial, and overflow front line underwriting.
  • Second Level Review for team members with lower authorities of all counteroffer, restructure turned-down loans for subsequent approvals.
  • Perform second level review for loans recommended for denial; assist with re-negotiations of loans based on lending guidelines.
  • Audited peer underwriter's files as interim member of the Second Level Review Team during peak volumes.
  • Second Level Reviewer for loans that require a higher level approval due to credit or policy exception.
  • Assist in second level review for internal partners such as Wells Fargo Financial and Golden West.
  • Developed income practice & test case scenarios for new hires plus assist the Second-Level Review team.
  • Initial member of pilot team that led to the creation of the second level review department.
  • Work closely with Second Level Review to make sure the file is complete and accurate.
  • Worked in both sides of Home Preservation as an Underwriter and Second Level Reviewer.
  • Promoted from Baseline Home Preservation Review to SLR Second Level Review effective 06/15/2015.
  • Second level reviewer for EC harm files for entire EC team Raleigh.

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32. Financial Documents

low Demand
Here's how Financial Documents is used in Consumer Loan Underwriter jobs:
  • Evaluate and analyze financial documents and credit data to verify accuracy and completeness in determining applicant credit worthiness.
  • Review borrower financial and non-financial documents per investor credit policy to qualify eligibility for a loan modification.
  • Performed financial computations/analyses to determine applicants' ability to repay home loans by reviewing applicants financial documents.
  • Calculated borrowers and co-borrower s income and debt-to-income ratios through review of financial documents.
  • Review and perform accurate analysis of financial documents.
  • Reviewed, cataloged and organized confidential financial documents.
  • Analyzed financial documents to determine risk.
  • Reviewed income and credit analysis for wage earners and self employed, proficient in review of tax returns and financial documents.
  • Performed early detection, prevention, and minimization of losses through review of credit, financial documents, and internal accounts.
  • Analyzed and interpreted financial documents (consumer credit reports, income documentation, consumer and business tax returns, etc.)
  • Review financial documents, including pays tubs, tax returns, bank statements, personal financial docs, etc.
  • Reviewed and performed accurate analysis of financial documents such as pay stubs, w2's, and tax returns.
  • Analyze financial documents, cash flow and credit risk to determine income and expenses used by the underwriter.
  • Analyze credit data and financial documents to determine the risk involved in extending credit.
  • Analyzed financial documents sent from the customer to ensure all documents were received.
  • Analyzed financial documents and made approval decisionsbased on findings.

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33. Title Companies

low Demand
Here's how Title Companies is used in Consumer Loan Underwriter jobs:
  • Interact with customers, mortgage insurers, title companies, Realtor/Brokers, Attorneys and various vendors responsively explaining any process-related issues.
  • Corresponded with customers, title companies, attorney offices, as well as, county and state government officials.
  • Worked as a liaison between customers, MLO's, Title Companies, and other internal and external parties.
  • Managed a large network of brokers, builders, appraisers, title companies, attorneys and other financial institutions.
  • Work with affiliate and non-affiliate title companies, appraisers, and other 3 rd party vendors.
  • Maintained an outstanding customer service, working as a liaison between attorneys, title companies and borrowers.-
  • Work with affiliate and non-affiliate title companies, escrow companies & appraisal companies.
  • Work cohesively with Title Companies to ensure closing closed with minimal errors.
  • Support third Party Title Companies and Attorney with loan documentation.
  • Interacted with title companies and closing/settlement agents daily.

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34. Special Projects

low Demand
Here's how Special Projects is used in Consumer Loan Underwriter jobs:
  • Facilitate and actively participate in various special projects to improve and implement internal processes and new technology integration.
  • Participated in special projects as outlined by management to guaranty accuracy of decisions rendered.
  • Planned and executed any special projects as assigned by senior management.
  • Lead special projects and provided strategic insight into operations.
  • Volunteered and participated for special projects/meetings as assigned.
  • Assisted in special projects as needed by upper management; reviewed full credit application packages for completeness and accuracy.
  • Work on special projects and multiple projects throughout the day based on the demands from management.
  • Expanded normal duties with special projects to support senior underwriting staff in response to volume increases.
  • Assist senior management with remediation and special projects that have possible legal risk to the bank.
  • Assist with keeping current work volume up to date and complete special projects as assigned.
  • Appointed as a team lead on special projects including the HAMP Review Team.
  • Performed research and analysis related to loan, special projects and reports.
  • Performed other duties and special projects as business needs dictated.
  • Trained policy guidelines, special projects and income analysis.
  • Mentor in special projects for training and general policy.
  • Work in special projects as required by client.
  • Participated in OCC Special Projects.
  • work on a variety of special projects with management and team as well as back up for other projects.
  • Work on special projects including rescissions, remediation, Co-Loss, MBS, and highly escalated CCRG files.
  • Worked on department audits and other special projects Assisted in departmental work for the settlement department.

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35. External Customers

low Demand
Here's how External Customers is used in Consumer Loan Underwriter jobs:
  • Provided best-in-class client service through friendly, professional and responsive communication with both internal and external customers.
  • Maintain and develop relationships with internal and external customers typically via phone and/or electronic communications.
  • Review and address escalated cases as needed by communicating directly with internal and external customers.
  • Direct responsibility receiving inbound phone inquires & underwriting from internal and external customers.
  • Communicated with internal and external customers to ensure that all requirements were met.
  • Worked closely with internal and external customers to facilitate a smooth loan transaction.
  • Obtain answers to scenario questions from internal and external customers.
  • Responded to routine inquiries from internal & external customers.
  • Communicated with internal and external customers to discuss loan decisions Staying updated with regulatory changes that may affect overall underwriting process.

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36. DTI

low Demand
Here's how DTI is used in Consumer Loan Underwriter jobs:
  • Calculated HTI /DTI ratios and income using documentation and methodology required per investor regulations.
  • Checked financial statements, credit reports, applicable ratios (DTI and LTV) and other supporting documentation.
  • Calculated DTI, LTV, Residual Income, Potential DTI, NPV, and Least Costly Alternatives.
  • Calculated DTI, income, assets, and LTV/CLTV to ensure ratios are acceptable per guideline requirements.
  • Reviewed the documentation provided to determine eligibility for income, assets, LTV & DTI.
  • Evaluated all loan documents, reviewing and determining all ratios (DTI, LTV).
  • Calculate the DTI and the LTV, after establishing the value of the property.
  • Determined customer approval by verifying DTI ratios, occupancy and reason for default.
  • Calculated income and HTI /DTI ratios according to investor and government guidelines.
  • Review PTI and DTI and submit completed loan application for funding.
  • Processed loan applications by calculating Overall DTI and Unsecured DTI.
  • Calculate accurate debt-to-income (DTI) and loan-to-value ratios.
  • Evaluated DTI and LTV in order to determine risk.
  • Calculated and evaluated DTI and LTV.
  • Calculated DTI and LTV ratios.
  • Calculate LTV, TLTV, CLTV and DTI.
  • Analyzed all financials in order to calculate gross/net income, expenses and DTI ratios.
  • Calculated income/DTI/LTV Processed to FHA and HUD guidelines.

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37. LTV

low Demand
Here's how LTV is used in Consumer Loan Underwriter jobs:
  • Calculate the DPR, and the LTV.
  • Reviewed LTV, credit report, applications, appraisal, BPOs, etc.
  • Calculated loan LTVs and incomes, and reviewed appraisals.
  • Maintained full responsibility for auditing wholesale purchased mortgage loans including first lien conventional and second mortgage high LTV products.
  • Review applications, approve/decline based on credit decision/programs/LTV/policy guidelines within a 24 hour time frame.
  • Perform loan processor functions with underwriting sign-off capability on conforming, conventional loan types with LTV of 97% or lower.

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38. Data Integrity

low Demand
Here's how Data Integrity is used in Consumer Loan Underwriter jobs:
  • Communicated decisions that most effectively mitigate credit risks for Chase, including data integrity and validity of information submitted.
  • Communicate decisions directly, and efficiently providing accuracy to data integrity and validity of information submitted.
  • Maintain applicable compliance conformity to ensure data integrity and risk management with confidential material.
  • Reviewed applications for completeness and updated data in LOS to ensure data integrity.
  • Maintain applicable compliance conformity as it relates to data integrity and risk management.
  • Achieved high quality inspection ratings through exceptional data integrity and policy knowledge.
  • Prepared detailed loan notes documenting compliance review and data integrity.
  • Ensured loan file data integrity of automated underwriting system.
  • Reviewed loan documentation to ensure accuracy and data integrity.
  • Review incoming documentation and confirming data integrity of CLUES.
  • Communicated decisions, including data integrity of information submitted.
  • Validated data integrity of documents from loans submitted.
  • Entered loan information and maintained data integrity.
  • Ensured compliance standards were met and data integrity was at the forefront of all loan decisions.
  • Review assets, employment, and credit documentation for data integrity and credit risk.
  • Ensured data integrity was maintained at all times.
  • Maintain compliance, data integrity and risk management.
  • Reviewed data integrity with closing sign off Rescored loans through Desktop Underwriter on the Web and LoanProspector.com.

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39. AUS

low Demand
Here's how AUS is used in Consumer Loan Underwriter jobs:
  • Analyzed credit bureaus and credit application to make application decisions and negotiate loan specifications with dealers.
  • Analyzed information received from credit bureaus and credit applications to make prudent credit decisions.
  • Experienced with Automated Underwriting Systems (AUS), Desktop Originator (DO), and Loan Prospector (LP).
  • Investigate all available resources of credit and financial information, including global cash flow, report services and credit bureaus.
  • Experienced with automated underwriting systems (DU, LP, Total Scorecard), analyzing and modifying AUS findings
  • Review, re-review, run, re-rerun new decisions using both DU and LP AUS Approvals.
  • Use of CLUES and AUS to gather credit-documentation from customers and third-party vendors.
  • Review credit bureaus and credit application for any discrepancies and possible fraud.
  • Secure conditions to pause delay of approve or decline mortgage loans.
  • Review credit applications and credit bureaus to make prudent credit decisions.
  • Experience utilizing the AUS underwriting methods including DU and LP.
  • Validate AUS findings to ensure submitted information is accurate.
  • Review and correct all system input before running AUS.
  • Review credit bureaus for debts and transactions.
  • Reviewed and interpreted reports from credit bureaus.
  • Identify and resolve root cause issues.
  • Reviewed applications, credit bureaus, and valuations for decisioning within assigned authority level.
  • Used DU and other AUS tools as the company develops its model of choice as well as fraud detection systems.
  • Full underwriting of DU, LP as well servicer AUS in conformance with FHMLC Guidelines.
  • Submitted mortgage applications thru AUS and reviewed filings.

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40. Usda

low Demand
Here's how Usda is used in Consumer Loan Underwriter jobs:
  • Analyzed borrower credit profile using USDA's GUS system and manual underwrite process.
  • Evaluate consumer mortgages in accordance with USDA procedures and guidelines.
  • Underwrite USDA (Rural Development) loans.
  • Review residential loan documents (Conventional, FHA, VA & USDA) while ensuring compliance requirements have been met.
  • Processed average of 25 conventional, FHA, VA, USDA and New Construction loans per month.
  • Designated for underwriting conventional, USDA, conforming and non-conforming loans for all branches within company on a 24-48hr turn time.

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41. LIS

low Demand
Here's how LIS is used in Consumer Loan Underwriter jobs:
  • Established HTI and Capitalization Modification Templates in order to increase speed and accuracy of both Loan Modification and Collateral Security Agreements.
  • Discovered training gaps within different departments and coordinated with management in establishing training for those departments within the organization.
  • Collaborated and developed training manuals, production reports, and quality procedures for newly established centralized underwriting department.
  • Developed, established and maintained dealer relationships by building rapport through telephone calls and dealership visits.
  • Reviewed applicant's income, asset and employment documentation to establish proper capacity for repayment.
  • Created personal underwriting checklist which increased accuracy and efficiency and was adopted by several Underwriters.
  • Analyzed and developed credit goals and communicated a strategy to dealerships to accomplish monthly targets.
  • Formulate and communicate credit decision in compliance with established underwriting guidelines, and regulatory requirements.
  • Ensured loan quality by analyzing credit to exceed established bank guidelines and regulatory compliance.
  • Partner with Loan Documentation Specialists to ensure proper closing information is accurate and sufficient.
  • Helped Sales Representatives establish and grow key relationships with credit representatives in Auto Dealerships.
  • Performed in-person dealer visits to establish new business relationships and strengthen current ones.
  • Maintained dealer base within established limits and at acceptable overall portfolio quality levels.
  • Determined eligibility on refinance loans using guides established by Federal and State regulations.3.
  • Determined if applicants property and loan conditions met establishment and government standards guidelines.
  • Negotiated terms and conditions of loan decisions with dealers within established approval/exception guidelines.
  • Negotiate terms and conditions of loan decisions within established approval and exception guidelines.
  • Communicate with bankruptcy attorneys and mediation /bankruptcy specialist to complete final modifications.
  • Established relationships with associated departments, servicing center, and parent company.
  • Formulated credit decisions based on established authority levels and independently evaluate applications.

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42. Financial Status

low Demand
Here's how Financial Status is used in Consumer Loan Underwriter jobs:
  • Examined and evaluated applications for real estate loans by analyzing financial status, credit history and appraisals.
  • Analyze financial status, credit history and personal information to accurately qualify customer for requested products.
  • Generated financial ratios and prepared reports to evaluate customer's financial status.
  • Analyzed financial status to ensure viability of loan request before final approval.
  • Analyze applicant financial status and credit to determine loan feasibility.
  • Used various applications, analyze applicants, credit, financial status and construction projects to determine feasibility for granting loans.
  • Analyze financial status, government documents, and property evaluation to determine the degree of risk involved in lending money.
  • Follow up with lenders and negotiate new mortgage loan terms to meet/satisfy the borrowers current financial status.
  • Approve loans based on financial status, analyze income, ability to pay, and financial stability.
  • Analyze complex requests giving consideration to the applicant s credit history and financial status.
  • Generate financial ratios, to evaluate customers' financial status.
  • Generated financial ratios, using Harland Financial solutions and IBS Banker Insight, to evaluate customers' financial status.
  • Analyzed applicants financial status, credit, & property evaluations to determine feasibility of granting loans.
  • Analyzed petitioners current financial status, thru cash flowing a wide array of complex income sources.

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43. SME

low Demand
Here's how SME is used in Consumer Loan Underwriter jobs:
  • Risk assessment, income/credit analysis and borrower documentation review in a timely/accurate manner for compliant loan packages.
  • Performed process assessments to eliminate risk based on investor and, regulatory guidelines.
  • Communicate underwriting assessments and adverse decisions to internal and external units.
  • Calculated borrower income using cash flow analysis, commission assessment, self-employed P&L, rental and passive income sources.
  • Appointed as SME (Subject matter expert), assisting in training, teaching, and coaching newly hired team members.
  • Participated in test groups as a SME; provided feedback to compliance department and assisted with test scripts and design.
  • Conduct risk assessments and evaluate debt ratios, loan-to-value ratios, credit scores, property valuation and other review factors.
  • Risk assessment and compliance with business state, and government regulatory requirements, risk management, audit and fraud detection.
  • Participated with other SME's in the facilitating of classes for upcoming Treasury directives and Wells Fargo policy changes.
  • Conducted financial analysis and/or other risk assessment per individual loan, meeting WAMU and Secondary Market Investors' guidelines.
  • Focus on learning overall risk assessment, ensuring quality, and maintaining compliance with bank and government regulations
  • Reviewed deeds, title policies, lien searches, tax assessments, and surveys for possible issues.
  • Review merchant applications and set terms for financial products based on merchant assessment and credit/risk policies.
  • Trained new underwriters and was a SME (Subject Matter Expert) for the FHLMC portfolio.
  • Assisted in training new hires and act as a SME for peers with procedural questions.
  • Determine the willingness to repay the loan based on an assessment of the credit report.
  • Conducted the risk assessment of borrowers to evaluate their ability and likelihood to repay.
  • Recognized as a Subject Matter Expert (SME) for the department.
  • Developed reputation among peers as SME for team on policy and procedures.
  • Performed credit risk assessments of new clients utilizing decision tools.

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44. Promote Line Products

low Demand
Here's how Promote Line Products is used in Consumer Loan Underwriter jobs:
  • Explain rationale behind credit decisions, and/or to sell/promote line products; staying abreast of any changes in underwriting provisions.

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45. Company Policies

low Demand
Here's how Company Policies is used in Consumer Loan Underwriter jobs:
  • Counseled and guided customers concerning repayment plans always adhering to regulations and company policies.
  • Reorganized and streamlined 15 different company policies which made the process more efficient by 25% for underwriters and clients.
  • Completed ongoing training for underwriting updates (credit and collateral), compliance, technology, and company policies.
  • Reviewed daily requirement of closed loan files to ensure thoroughness and compliance with applicable regulations and company policies.
  • Review appraisals to ensure that loan values and collateral guidelines are within company policies.
  • Complete peer reviews grading new employees and training employees on company policies.
  • Reviewed credit packages to ensure adherence to company policies and guidelines.
  • Trained new staff in computer operations and company policies.
  • Mitigated potential credit and reputational risk through adherence to company policies and procedures.

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46. State Regulations

low Demand
Here's how State Regulations is used in Consumer Loan Underwriter jobs:
  • Complied with Federal and State regulations, Bank Credit Scoring Systems and the Wells Fargo credit policies.
  • Act as a source of information regarding policy and/or state regulations for colleagues located in various branches.
  • Studied and kept up with state regulations for 38 states while making sure company guidelines were met.
  • Minimized delinquencies and increased recoveries by performing collection activities according to federal and state regulations
  • Insured loan portfolios followed federal and state regulations.
  • Maintained relationship with correspondent s Quality Control Department to ensure compliance per company and state regulations

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47. LPS

low Demand
Here's how LPS is used in Consumer Loan Underwriter jobs:
  • Order recoverable/incurred attorney's fees and costs through LPS.
  • Review documents and qualifications using Credco, LIV, LPS, Clara, Gem.
  • Analyze and research mortgagors' information via CPI, LIV, & LPS Desktop in order to accurately execute each Affidavit.
  • Updated client information into LPS system.
  • Provide auditing assistance to extend authority to new LPS users as well as any training needed.
  • Utilized the Automated Underwriting System (LPS) or Manual underwrite when loan required.

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20 Most Common Skill for a Consumer Loan Underwriter

Loan Applications17.9%
Credit Reports15.2%
Financial Statements10.6%
Income Documentation9.8%
Debt Ratios6.9%
Underwriting Guidelines6.4%
Loan Portfolio5.7%
Income Tax Returns4.3%

Typical Skill-Sets Required For A Consumer Loan Underwriter

RankSkillPercentage of ResumesPercentage
1
1
Loan Applications
Loan Applications
15.4%
15.4%
2
2
Credit Reports
Credit Reports
13.1%
13.1%
3
3
Financial Statements
Financial Statements
9.1%
9.1%
4
4
Income Documentation
Income Documentation
8.4%
8.4%
5
5
Debt Ratios
Debt Ratios
6%
6%
6
6
Underwriting Guidelines
Underwriting Guidelines
5.5%
5.5%
7
7
Loan Portfolio
Loan Portfolio
4.9%
4.9%
8
8
Income Tax Returns
Income Tax Returns
3.7%
3.7%
9
9
FHA
FHA
3.3%
3.3%
10
10
Overall Loan Documents
Overall Loan Documents
2.2%
2.2%
11
11
Customer Service
Customer Service
2%
2%
12
12
Appropriate Decisions
Appropriate Decisions
1.8%
1.8%
13
13
Equity
Equity
1.6%
1.6%
14
14
Ensure Accuracy
Ensure Accuracy
1.5%
1.5%
15
15
Fraud Detection Techniques
Fraud Detection Techniques
1.4%
1.4%
16
16
Loan Modifications
Loan Modifications
1.3%
1.3%
17
17
Freddie Mac
Freddie Mac
1.3%
1.3%
18
18
Compliance Reviews
Compliance Reviews
1.2%
1.2%
19
19
Fannie MAE
Fannie MAE
1.2%
1.2%
20
20
Fnma
Fnma
1.2%
1.2%
21
21
Ensure Compliance
Ensure Compliance
1%
1%
22
22
Company Standards
Company Standards
0.9%
0.9%
23
23
Formal Reports
Formal Reports
0.8%
0.8%
24
24
Fhlmc
Fhlmc
0.8%
0.8%
25
25
Hamp
Hamp
0.8%
0.8%
26
26
Credit Risk
Credit Risk
0.7%
0.7%
27
27
Credit Policy
Credit Policy
0.7%
0.7%
28
28
DU
DU
0.6%
0.6%
29
29
Traditional Underwriting
Traditional Underwriting
0.6%
0.6%
30
30
Performance Feedback
Performance Feedback
0.6%
0.6%
31
31
Level Review
Level Review
0.5%
0.5%
32
32
Financial Documents
Financial Documents
0.5%
0.5%
33
33
Title Companies
Title Companies
0.4%
0.4%
34
34
Special Projects
Special Projects
0.4%
0.4%
35
35
External Customers
External Customers
0.4%
0.4%
36
36
DTI
DTI
0.4%
0.4%
37
37
LTV
LTV
0.4%
0.4%
38
38
Data Integrity
Data Integrity
0.4%
0.4%
39
39
AUS
AUS
0.4%
0.4%
40
40
Usda
Usda
0.4%
0.4%
41
41
LIS
LIS
0.4%
0.4%
42
42
Financial Status
Financial Status
0.3%
0.3%
43
43
SME
SME
0.3%
0.3%
44
44
Promote Line Products
Promote Line Products
0.3%
0.3%
45
45
Company Policies
Company Policies
0.3%
0.3%
46
46
State Regulations
State Regulations
0.3%
0.3%
47
47
LPS
LPS
0.3%
0.3%

8,160 Consumer Loan Underwriter Jobs

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