Terry B. Email & Phone Number

Spokane Valley, Wa, Us

Remote

Seasoned 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.

Seasoned 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.

Fully 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.

This 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.

Spokane, Washington, United States

This 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.

Spokane, Washington, United States

Senior 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.

This 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.

Was 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.

Preferred 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