Lawrence Scott,Ii Email & Phone Number

United States

• Analyze financial data related to loan requests and evaluate loan documents to ensure accuracy and completeness.• Perform risk assessments on potential loan recipients based on credit rating, borrowing history, and other specific risk factors.• Complete and review mortgage application paperwork for accuracy. Use AUS underwriting methods including DU and LP.• Analyze personal and business tax returns and P&L statements. Satisfy SLAs and turn times for initial underwriters and conditions.• Underwrite FNMA and FHLMC products remotely and autonomously while adhering to quality requirements.Key Accomplishments Regularly manage a pipeline of 3 to 4 initial loans and manager 9 to 10 loans conditions for clear to close. 70 to 80 conventional loans per month with 70% of the loans being self-employed borrowers.

Plano, Texas, United States

• Assisted with Non QM loan reviews for escalations by calculating self-employed income, reviewing bank statements, asset qualification, and investor rules for clearing conditions.• Created daily production reports to show completed submission to the underwriting team and clients, volume set for clear to close, initial approval, and turn times for approve eligible loans to close.• Led meetings and training on Encompass system updates; providing correct overlays, improving turn times and conditional reviews.• Interfaced with clients about daily production volume and loans that didn’t satisfy minimal qualifying or documentation standards.Key Accomplishments Provided training to 50 to 75 employees on adding proper conditions, latest URLA update, and COVID guidelines. Exceeded client quality expectations with an average monthly score of 98%.

Plano, Texas, United States

• Accurately calculated DTI, LTV, employment income, and self-employed tax returns eligible income on loan files.• Documented files in Encompass notes, adding correct documents to correct e-files, and DU and AUS systems.• Thoroughly reviewed loan documentation and reports to identify signs of fraudulent activity.• Effectively communicated loan status to meet compliance standard and company requirements.• Utilized FNMA guidelines to add correct conditions needed from AUS funding.

Dallas, Texas

• Validated and approved loan files to ensure they meet Fannie Mae rules for compliance standards and schedules.• Analyzed credit reports, financial asset documentation, tax returns and other documents submitted in approved files.• Close and resolve all escalations on files submitted for 2nd level evaluation of AUS exceptions and overlays.• Managed a pipeline of 50 to 80 FHA, VA and Conventional loan files daily for audit review.Key Accomplishments Top 3 Mortgage Auditor with over 1000 claims per month, a monthly quality score of 95%, and a $5 million volume. Highest monthly average of saving volume over $1.5million per month. Performed 1000 Loans Audit per month.

• Managed a daily a portfolio of 125-150 accounts of high-risk loans for possible approval.• On an average of 29-50 loans each month, approved files based on borrower financial affordability and investor standards.• Examined title commitment for clearance and to ensure that all items are properly accounted for, including but not limited to updating payoffs, taxes, and HOA.• Negotiate payoffs, settlements, and non-liquidating workout plans in accordance with corporate and investor regulations.Key Accomplishments Received the highest honor for Underwriter with President Clubs Award by closing over 110% of individual goal. Closed 60 loans, with a 95% and higher quality assurance grade and ending the month in the top 10% of the department. Promoted to Team Leader with responsibility in coaching, training new hires, leading team meetings, helping with escalated calls, as well sending out daily reports.

Plano, Texas

• On a daily basis, managed a portfolio of 100-150 high-risk loan accounts for prospective short sale and foreclosure auction sale.• Examined the title commitment for clearance and to ensure that all items are properly accounted for, including but not limited to updating payoffs, taxes, and HOA.• Ensured that all documents, such as short sale permission letter, wire confirmation, and flood certificates, are uploaded into the GFE, final HUD-1, systems.• Negotiated payoffs, settlements, and non-liquidating workout plans in accordance with corporate and investor rules.• Issued final HUD approvals, waivers and wire confirmation with Closing/Title companies.Key Accomplishments Negotiated and closed on average 30-40 loans within investor and client’s delegated guidelines. Achieved 100% quality in file accuracy for all critical elements.

• Verified all documentation associated with mortgage origination, such as; income, asset, credit, appraisal, and title documentation.• Communicated required conditions to the branch/division and provided assistance to expedite final approval of the file.• Ensured accuracy between file, LOS (TMO) and Final AUS findings. Ensured appraisal and title insurance are provided by approved vendor. • Strictly adhered to specified underwriting guidelines to fulfill Conventional, FHA and agency loans.Key Accomplishments Maintained an average of 98% quality QA scores on all files closed and funded.

Plano, Texas

• Conducted borrowers' interviews in order to examine financial and credit data and develop customer-financing goals.• Provided exceptional customer service by maintaining thorough knowledge of lending programs, policies, procedures and regulatory requirements.• Stayed in communication with customers on loan process from origination to closing.• Ensured adherence to all federal and state compliance policies and HMDA requirements.Key Accomplishments Highest closing ration over 90% deals closed in turnaround time of 27 days or less. Top five Rookies of the Year with over 50 loans and over $8.8million in loan volume. Top 10 Loan Officer in Countrywide with 285 closing and $43.7million in loan value. #1 Loan Officer in converting Lending Tree leads at 88% conversion rate. Received Customer Service of the Month Award for excellent customer service from client survey rating with 4.7 out of 5 from closed loans.

Bachelor Of Arts (B.A.), Accounting And Finance

Activities and Societies: National Association of Black Accounts (NABA)

Education record