Robert Koval Email & Phone Number

Connecticut

Underwriter for: FHA, conventional and Connecticut Housing Finance Authority mortgage loans ranging in size from $50 K to $647.2 K. Selected to work with a designated group of Underwriters on manually underwritten portfolio jumbo loans with a loan amount range of $647.2 K to $2 M.• Experience working in a hybrid role, both as an in office and remote Underwriter.• Responsible for reviewing credit, income and asset profiles of the borrower(s). • Restructured loans which did not… Show more Underwriter for: FHA, conventional and Connecticut Housing Finance Authority mortgage loans ranging in size from $50 K to $647.2 K. Selected to work with a designated group of Underwriters on manually underwritten portfolio jumbo loans with a loan amount range of $647.2 K to $2 M.• Experience working in a hybrid role, both as an in office and remote Underwriter.• Responsible for reviewing credit, income and asset profiles of the borrower(s). • Restructured loans which did not qualify.• Calculated complex self-employed income on S Corporations, Partnerships and Corporations.• Reviewed property appraisals to determine loan to value ratio to qualify borrowers.• Applied regulations for reviewing mortgages from eight different states.• Navigated and applied numerous investor guidelines. • Mentored new Underwriters, Processors and Loan Coordinators in understanding the tools they had available to them and how to navigate the guidelines.• Provided guidance to the sales partners regarding scenario questions for potential loan applications.• Collaborated on team projects and meetings in applying new policies and systems. Show less

Danbury, Ct

-Off-site Underwriter for LenderLive, contracted underwriting provider for New York Community Bank.-Underwrote and cleared conditions on primary residence, second home and investment properties. -Assisted with implementing the underwriting policies of New York Community Bank.-Restructured loans which did not qualify.-Communicated with the sales staff and processors to keep them updated on the statuses of the loan applications.

Rocky Hill, Ct

-Assisted with implementing the underwriting practices of Nationstar Mortgage to ISGN.-Mentored fellow team members in underwriting for Nationstar Mortgage.-Underwriter of mortgages for multiple clients.-Underwrote and cleared conditions on primary residence, second homes and investment properties.-Restructured loans which did not qualify.-Assisted in the development of policies and procedures to improve the overall underwriting work flow.

Waterbury, Ct

-Developed underwriting creativity and ability to restructure denied loans into counteroffers and approvable loans.-Cleared conditions on high profile and complex files.-Mentored Credit Analyst (Junior Underwriters) as they learned skills necessary to further develop themselves as underwriters. -Resolved issues escalated by Credit Analyst to decision loans in accordance with established timeframes. -Selected by Vice President as the interim Ready Buyer Team… Show more -Developed underwriting creativity and ability to restructure denied loans into counteroffers and approvable loans.-Cleared conditions on high profile and complex files.-Mentored Credit Analyst (Junior Underwriters) as they learned skills necessary to further develop themselves as underwriters. -Resolved issues escalated by Credit Analyst to decision loans in accordance with established timeframes. -Selected by Vice President as the interim Ready Buyer Team Lead.-Successfully implemented procedures that increased Ready Buyer loans that went to closing. -Experience in managing the Ready Buyer team included: o Monitored the Credit Analysts daily pipeline management.o Directly responsible for tracking to assure the team was compliant with Wachovia and banking regulationso Created a process to manage the workflow between the contract underwriter and the Ready Buyer team.o Served as a liaison between senior management and the Credit Analysts. o Implemented new policies and procedures. Show less

Milford, Ct

-Granted authority to make credit and collateral decisions on home equity, conforming and non-conforming (Jumbo) programs.-Prepared the disclosures packages in accordance with government compliance regulations to eliminate regulatory penalties in the loan process.-Underwrote Credit, appraisal, income and asset documents.-Prepared closing and post-closing documentation. -Communicated with clients, attorneys, and loan originators to process loans.-Recognized for funding 70 to… Show more -Granted authority to make credit and collateral decisions on home equity, conforming and non-conforming (Jumbo) programs.-Prepared the disclosures packages in accordance with government compliance regulations to eliminate regulatory penalties in the loan process.-Underwrote Credit, appraisal, income and asset documents.-Prepared closing and post-closing documentation. -Communicated with clients, attorneys, and loan originators to process loans.-Recognized for funding 70 to 90 loans within the commitment period, per month. Show less