Terry B. Email and Phone Number
I have been in the mortgage industry since 2009, exclusively underwriting for the last 7 years. I have held my FHA DE designation for 5 years and my VA LAPP designation for 4 years. In addition to all standard agency products I also decision jumbos, non-QM, and a wide variety of DPA/bond products. I have underwriting experience in more than 40 states; I also complete the appraisal underwrite on all loans in my pipeline. I am an independent worker, requiring little to no hand holding. I can expertly interpret and apply any set of program guidelines. I love to be the one given the challenge of underwriting new product offerings. I have a customer-centric mindfulness that I bring to the table. I never forget that there is a person or a family at the heart of each loan. I'm cognizant that originators are a customer to me as well; without their hard work in the field bringing deals to the table I couldn't do what I do. A great day for me is one where I am able to help save a deal or be a part of meeting or exceeding a daunting deadline. I love to support my fellow underwriters by helping locate guidelines, offer advice, or give a second look to gray area scenarios. My Specialties: • Greater than 10 years Encompass experience• Exceptional communicator across all forms whether written, oral, or public speaking• Efficiency minded with proven prioritization skills and pipeline management • Conditioned to operating in the gray, comfortable making independent decisions to avert or allow risk • Natural born leader with an inherent ability to coach, support, and motivate my peers• Accustomed to meeting deadlines while working under pressure• Analytical thinker and systematic problem solver• Expansive program repertoire Prior to underwriting my occupations were in new construction, general contracting, title/escrow, real estate, funding and processing. This background gives me a unique advantage; I have an unquestionable understanding of the real estate process from breaking ground to post closing. Outside of work I enjoy camping, hiking, yoga, and daily walks with my rescue pup.
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Underwriter Iv De Lapp And SarParamount Residential Mortgage Group Inc. (Prmg Inc.)Spokane Valley, Wa, Us -
Senior Mortgage UnderwriterVillage Capital & Investment Llc Aug 2022 - PresentRemoteSeasoned DE/SAR underwriter with greater than 7 years underwriting experience. Village Capital is a Ginnie Mae approved issuer with heavy concentration of VA and FHA loans and manual underwrites. Actively underwriting across retail, wholesale and correspondent channels. -
Mortgage Underwriter Iii De + Lapp/SarLeaderone Financial Aug 2020 - May 2022Seasoned DE/SAR. This was my second term at LeaderOne. L1 has a national presence, I supported more than 30 originators in more than 30 states. Regularly underwrote 40+ loans per month with no overtime. Capable of 75+ units per month with overtime. Conditions for loans submitted for final approval are reviewed and returned within 24 hours.• Integral part of Leaderone’s flagship “Consumer Direct,” leads based operation center roll out. Assisted internal originators by providing lightning fast initial/final reviews. This level of service was essential to keep customers engaged in todays competitive refinance market. • Provided significant support in manning the UW help desk—regularly collaborating with originators with loan scenario questions prior to application.**REASON FOR CURRENT GAP IN EMPLOYMENT**I was recently laid off from LeaderOne Financial due to lack of volume and their struggling leads based (refinance heavy) division of their company. My job loss was in no way performance based; it was directly related to current inflation and high interest rates. -
Mortgage Underwriter Iii, De + Lapp/SarHomebridge Financial Services, Inc. Jul 2019 - Aug 2020Fully designated DE/LAPP underwriter. Averaged greater than 60 units per month during the start of COVID-19 pandemic with constantly changing/evolving guidelines. Maintained exceptional QC ratings. Programs added to my underwriting experience: FNMA Homestyle, VA Renovation, FHA 203(k), GSF Construction to Perm. Was the only underwriter in my ROC with the authority to decision Texas refinances. -
Mortgage Underwriter Iii, De + Lapp/SarLeaderone Financial Jan 2018 - Jul 2019This was my first 100% remote/work from home underwriting position. I quickly proved to be a valuable addition and was sponsored to obtain my VA SAR designation. My prior underwriting experience was limited to the Pacific Northwest's footprint. At LeaderOne I was able to branch out and decision loans in more than 30 states, and service branches across all US time zones. Some unique programs added to my repertoire: Chenoa (CBC) Seconds, GBC simultaneous and standalone seconds and HELOCS, USDA Manufactured Home Pilot Program, USDA Streamline Refinances.
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Mortgage Underwriter Ii, DeWashington Trust Bank Apr 2015 - Jan 2018Spokane, Washington, United StatesThis was my first position as an underwriter entering from a processing background from another bank. After decisioning conventional only loans for a mere 6 months I advanced to FHA—gaining my DE in late 2015. From there, I began to complete credit only portions for VA files in anticipation of obtaining my SAR. By 2017 I was underwriting all products the bank offered including portfolio, jumbo, Non-QM, and LLC loans. Washington Trust has a huge business banking presence--a large majority of mortgage loans were for their existing business customers. In this role, I became an expert at analyzing the self-employed borrower; I am very comfortable reviewing all forms of business tax returns. • Underwriting Authority limit: $4 million •Key Creator of the Home Loan Center’s creation and implementation of the “Loan Quality Scorecard,” a tool used to measure the quality of work for the processors file submissions.• Choice UW for the prestigious team Scott Rudy, specializing in jumbo and doctor loans—servicing some of the bank’s most valuable customer relationships. -
Loan Processor Iii/Pre UnderwriterUmpqua Bank Apr 2012 - Apr 2015Spokane, Washington, United StatesSenior Level Loan Processor, capable of processing all loan types: FNMA, FHLMC, FHA, VA, USDA, and Portfolio loan products, habituated with all AUS systems: DU, LP, and GUS. History of effectively carrying a pipeline of 60+ loans and closing upwards of 30 units per month. •Honored to be a part of a branch with the highest quality file rating in the company. •One of only two processors in the bank granted the utmost trust to process employee loans. •Continually the chosen processor for the “difficult, most moving parts” submissions in my office. Proven skills to come alongside origination staff to develop solutions to arising issues such as: file suspends, ratio problems, and total loan re-structures.Underwent merger, my position started at Sterling Savings Bank. Umpqua Bank acquired Sterling Bank in late 2013. -
Mortgage Loan ProcessorHomestreet Bank Oct 2011 - Apr 2012This was my first position as a loan processor after several years as a funder. I quickly excelled at processing. After just a few months, through 10 test cases I was able to receive underwriting authority on Conventional and FHA loans. The only pieces I could not sign off on myself was FHA appraisals and self employed income calculations. -
Mortgage Loan Specialist Iii/FunderMetlife Home Loans 2009 - 2012Was the sole Funder for Eastern Washington, Northern Idaho and Montana, overseeing up to 110 funding's and wiring upwards of $30 Million dollars per month.• Quality Control Specialist, responsible for conducting pre funding audits on every final approved loan; reviewing all documents for completion, verifying credit package expiration dates and confirming all prior to funding conditions have been satisfied. • Responsible for final review of RESPA/MDIA/HMDA compliance, HUD-1 approval prior to signing. Determine each loan’s valid Good Faith Estimate and compare against the HUD-1. Calculate 0% or 10% tolerance cures avoiding Post Closing RESPA refunds. Errorless record. -
Limited Practice Officer (Lpo), Escrow OfficerLiberty Closing And Escrow Llc 2007 - 2010Preferred closing company for the GreenStone Homes account. Essential Duties included: • Meet with Borrowers and Sellers at closing, explaining in detail the purpose of each document; and walking them through the succeeding steps until recordation. • Open Escrow and interpret Purchase & Sale Agreements. Order and review preliminary title policies: identify easements and liens, clear encumbrances, determine HOA fees, review CC&R’s and private road maintenance agreements; track final policies.• Work directly with lenders on quoting fees, preparing HUD-1 Settlement Statements, processing loan documents, balancing files for funding • Practice LPO duties such as preparing Notes, Deeds of Trust, Warranty Deeds, Quit Claim Deeds, Subordination Agreements, Satisfaction of Judgments, UCC documents, Reconveyances, etc• Work closely with the Northwest’s largest builder. Aid in recording final plats, closing reports and their annual projections • Maintain two “zero balance” IOLTA trust accounts. Duties include balancing with lenders, sending wires for proceeds/payoffs, cutting checks, and holding earnest money
Terry B. Education Details
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Economics
Frequently Asked Questions about Terry B.
What company does Terry B. work for?
Terry B. works for Paramount Residential Mortgage Group Inc. (Prmg Inc.)
What is Terry B.'s role at the current company?
Terry B.'s current role is UNDERWRITER IV DE LAPP and SAR.
What schools did Terry B. attend?
Terry B. attended Eastern Washington University.
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