Crafting an Impressive Mortgage Underwriter Resume with BestResumeHelp.

com

Are you a skilled mortgage underwriter seeking new career opportunities? Your journey begins with
a compelling resume that showcases your expertise and accomplishments in the field.
BestResumeHelp.com is here to guide you in creating a standout Mortgage Underwriter Resume
that will catch the eye of potential employers.

Why a Strong Resume Matters

In the competitive job market, a well-crafted resume is your ticket to securing the job you desire.
Your resume serves as a snapshot of your professional background, highlighting your skills,
experience, and achievements. For mortgage underwriters, a tailored resume is crucial to stand out in
a field where attention to detail and precision are paramount.

Key Elements of a Mortgage Underwriter Resume

1. Contact Information: Provide accurate and up-to-date contact details to ensure potential
employers can reach you easily.
2. Professional Summary: Craft a concise and impactful summary that highlights your key
qualifications and career objectives as a mortgage underwriter.
3. Skills: Showcase your relevant skills, including proficiency in mortgage underwriting
software, attention to detail, analytical skills, and knowledge of industry regulations.
4. Experience: Detail your work history, emphasizing achievements and responsibilities
relevant to mortgage underwriting. Quantify your accomplishments wherever possible to
demonstrate your impact.
5. Education: Highlight your educational background, including degrees, certifications, and
any specialized training related to mortgage underwriting.
6. Certifications: If you hold industry-recognized certifications, such as Certified Mortgage
Underwriter (NAMU-CMU) or similar, make sure to include them prominently.
7. Professional Memberships: Mention any memberships in relevant professional
organizations, such as the Mortgage Bankers Association (MBA).

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mortgage underwriting industry and will tailor your resume accordingly.
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3. Keyword Optimization: We use industry-specific keywords to ensure your resume passes
through applicant tracking systems (ATS) and reaches the hands of hiring managers.
4. Quality Assurance: Our commitment to excellence means that we provide high-quality
resumes with attention to detail and a focus on professionalism.

Take the Next Step in Your Career

Don't let a lackluster resume hold you back from your dream job in mortgage underwriting. Visit
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employers and open doors to new opportunities. Invest in your future with a professionally written
Mortgage Underwriter Resume from BestResumeHelp.com .
Minimum 5 years experience in jumbo underwriting to investor guidelines required. Determine credit
worthiness of a borrower to include knowing how to read a credit report, identify red flags and
question items that are suspicious in nature. Maintain the highest level of confidentiality regarding all
sensitive, confidential, and proprietary Credit Union information. Instead, focus on demonstrating
how your skillset would benefit their company specifically. Documents used in the loan approval
process will be sent to the OTS Review Specialist. Sound knowledge in all areas of mortgage
underwriting. Reviews mortgage loan files for compliance with regulatory, investor, bank and agency
guidelines. Analyze current financial position of members to determine the degree of risk involved in
extending credit, lending money, or changing terms on existing debt. Reviews everything and issues
the final approval after all items are gathered by the Loan Processor and keeps the Loan Origination
System up to date. Aptitude to identify red flags for potential misrepresentation and fraud. Identify,
compose, and ensure follow up of action plans identified during quality monitoring ensuring to
escalate any issues that are not being remediated promptly by partnering with the appropriate line of
business (LOB) to resolve. Skills: Analytical Reasoning, Problem Solving, Public Speaking. Proven
interpersonal and communication skills to deal with the demands of HFA's and to be able to tactfully
relay unpopular messages. Demonstrates a determination to get the job done right the first time
ensuring loan decisions meet all program and product specifications. Two to three years of experience
in conventional mortgage credit processing and underwriting. Performs pre-closing analysis on
borrower’s employment profile, credit strength, financial documentation and all other information
pertinent to the credit decision on each mortgage application. Takes ownership to resolve escalated
client issues with professionalism in a fast pace environment. Common sense lending to A-Caliber
and Alt A borrowers. Ability to solve practical problems and deal with a variety of concrete variables
in situations where only limited standardization exists. This resume was written by a
ResumeMyCareer professional resume writer and demonstrates how a resume for a Mortgage
Underwriter Candidate should be properly created. Its meant to present you as a wholesome
candidate by showcasing your relevant accomplishments and should be tailored. Understand and
implement the Equal Credit Opportunity Act, the Federal Truth-in-Lending Act, and other federal
and state lending laws applying to state-chartered credit unions. Effective business communication
skills(both oral and written). Skills: Microsoft Office, Marketing, Management Experience. This
section serves as a brief but powerful introduction to your professional capabilities and expertise.
The position interacts with external customers, outside vendors and other departments and the Bank
to facilitate the mortgage lending process. High degree of proficiency in Desktop Underwriter and
Loan Prospector required. You will have a knowledge of mortgage industry trends, products and
competitors. Serve as resource for loan personnel regarding underwriting guidelines (UW Day
helpdesk). Ability to determine credit worthiness of a borrower to include knowing how to read a
credit report, identify red flags and question items that are suspicious in nature.
Complete understanding of the legal, compliance and Investor requirements of residential mortgage
products including conforming, alternative and government programs. Maintain current and fluid
knowledge of investor and agency guidelines and adapt to changes quickly. Detailed knowledge of
Conventional and Government loan products required. Knowledgeable In MSP, LPS, Early
Resolution, ICAT, I-VAULT, TMQ Computer And Internet Literate. Analyzed of Appraisals, Title
Commitment and all types of Income documentation. Reviewed and verifying the income, credit
history, and employment details of the bank applicants. Mortgage Operations is primarily housed in
one centralized location where most employees work on-site, in an office environment with flexible
work shift options. Ability to work cooperatively with, and maintain effective communication and
working relationships with, co-workers and manager. Reviews everything and issues the final
approval after all items are gathered by the Loan Processor and keeps the Loan Origination System
up to date. Ability to adapt to change within working responsibilities, be it internal, market, or
regulatory driven. Have a full working knowledge of Appendix Q and ability to repay (ATR) and
understand the difference between QM and Non-QM as it applies to underwriting. Therefore,
having this skill can demonstrate their ability to effectively manage risks for the company and ensure
profitable lending decisions. 3. Appraisal review A Mortgage Loan Underwriter needs the skill of
appraisal review as they are responsible for evaluating and verifying the value of a property that is
being used as collateral for a mortgage loan. Ability to communicate effectively orally and in writing
using the English language Ability to read and interpret documents such as safety rules, operating
and maintenance instructions, and procedure manual. Actively participate in our pre-close and post-
close quality control process and vendor relationship. Research and respond to team lead on loans
requiring additional escalation and review and ability to summarize issues, concerns and
recommendations. Available to work extended hours as business need requires. Provide assistance
and direction to mortgage lenders on issues regarding Mortgage Lending (ML) policies, procedures
and system guidelines. Possesses Bachelors Degree or comparable experience. Underwrites loan files
for designated processing center through a review process of analyzing and evaluating income,
assets, liabilities, and property, while maintaining designated time frames as determined by
management Assimilates new government regulations and applies this knowledge to improve and
maintain quality and consistent underwriting. Actively review, analyze and assess mortgage loan
packages or underwriter recommendations for approval, declination, counter-offer or restructure in
accordance with all Bank policies, procedures, and philosophies. Ability to read and interpret
documents such as safety rules, operating and maintenance instructions, and procedure manuals. My
objective is to use my current experience and apply my skills in a new role while learning new skills
and objective to enhance my career skill set. Relevant Experience Make sure that the jobs experience
and accolades that you include are relevant to the position youre applying for. Experienced mortgage
underwriters should go with a chronological resume format which features key skills and a robust
work history section displaying your consistent career growth. Approve acceptable loans within
delegated credit approval authority. May act as a team lead and provide support, guidance and
training to assigned staff. Ability to articulate decisions and discuss options with confidence. This is
crucial in determining whether or not to approve a loan application. Associate’s degree, or in lieu of
a degree, 2 years’ relevant work experience, plus 5 years underwriting experience to include 2 years’
experience on a unique product (CRA, construction, State Bond, etc.). Seeking employment with
your organization as a Mortgage Loan Underwriter so that I may use my years of experience in the
field towards ensuring accurate evaluations of loan applications How to Write a Mortgage Loan
Underwriter Resume Objective A mortgage loan underwriter resume objective is a critical
component of any job application in this field.
While it is important to demonstrate your knowledge of industry terminology, it should be done in
an accessible way so that anyone reading your resume understands what you mean. Skills: Public
Speaking, Desktop Underwriter, AllRegs, MGIC. In order to write an effective mortgage loan
underwriter resume objective, there are several key points to consider. Mortgage Operations is
primarily housed in one centralized location where most employees work on-site, in an office
environment with flexible work shift options. High degree of proficiency in Desktop Underwriter
and Loan Prospector required. Expert knowledge of all residential lending programs offered by the
Bank. Takes ownership to resolve escalated client issues with professionalism in a fast pace
environment. Review non-originated loans for regulatory compliance with Equal Credit Opportunity
Act, Fair Lending, Regulation B and Regulation C (HMDA). Interacts and builds relationships with
indirect dealers. I have been approving loans and mortgages after thorough inspections and case
studies. Calculate borrower's income and debt-to-income ratios based on acceptable NPF and
agencies practices. Assist with overflow applications from brokers in all centers. First and foremost,
it is important to focus on the specific skills and experiences that make you an ideal candidate for the
position. Completes Clear to Close review prior to final approval given. Ensures that appraisals meet
investor and bank requirements and that the value conclusion is reasonable and well supported. Takes
personal initiative and is a positive example for others to emulate. Identify common errors and report
via comment 60 in loan origination system- UNIFI which compiles data for trainers and Regional
and Area Sales Managers. Basic knowledge of other bank services and products. Mortgage
Operations is primarily housed in one centralized location where most employees work on-site, in an
office environment with flexible work shift options. Review preliminary title reports, purchase
agreements, environmental reports, property inspection reports, appraisal reports and related
documentation for acceptability. Responsible for training new lending staff and training of existing
lending staff. Make decision to approve, disapprove, or forward the loan request to higher levels for
decision. This skill is crucial in determining if the borrower's collateral is sufficient to cover the loan
amount in case of default. Reviews mortgage loan files for compliance with regulatory, investor,
bank and agency guidelines. Sound knowledge of accounting techniques and requirements as related
to review of credit requirements. Monitor quality findings and the ongoing resolution process.
Establish and maintain a direct relationship with the business areas on lending propositions in order
to provide structured, consistent and tailored advice. Evaluate risk and set terms for approval and
modification, or identify reasons for rejection. Bachelor’s degree in Business or a related field is
preferred. Errors found must be corrected by the OTS certified associate before the OTS Review
Specialist will release the loan for closing.
Identify, compose, and ensure follow up of action plans identified during quality monitoring
ensuring to escalate any issues that are not being remediated promptly by proactively partnering with
the appropriate line of business (LOB) to resolve. Underwrite Conventional, FHA, USDA, and Bond
loan programs. Must be able to underwrite all Conventional products without assistance. Thorough
knowledge of complex personal and business financial analysis and an expertise in tax return,
balance sheet analysis including cash flow and self employment income analysis. Established and
negotiated 3rd party relationships with mortgage brokers. Skills: SharePoint, AS400, Bi Query, SQL,
Siebel CRM, Remedy, StatusMart, CLUES, Calyx, Encompass. Review and analyze legal contracts
such as applications, commitments and loan documents. Complex Problem Solving — Identifying
complex problems and reviewing related information to develop and evaluate options and implement
solutions. Respond to audits and post-closing issues in a timely manner. Consult a superior only on
major issues and let yourself be guided by Bank Policies. Review credit report and compare to
liabilities on 1003, verify the investor guidelines for outstanding derogatory items and requirement
payment or satisfaction if needed, request updated mortgage history if needed. Analyzes and
underwrites new commercial real estate loans and provides recommendations for loan sizing, pricing,
terms and structure within Farm Bureau Life’s lending program. Must possess extensive PC skills
including: email, spreadsheet and word processing. This section however is not just a list of your
previous mortgage underwriter responsibilities. Minimum 5 years of experience in the real estate
appraisal industry or 5 years loan origination underwriting experience including making underwriter
decision on collateral. Perform scheduled testing of various mortgage loan origination operations
policies and procedures. Search anything about Master of Documents in this website. Two years of
recent mortgage underwriting experience preferred with thorough knowledge of Fannie Mae, FHA,
USDA, Bond and all other secondary market guidelines. Ability to learn, or knowledge of,
Microsoft Office products to include Word, Excel, Access, Powerpoint and Outlook. Monitor and
analyze mortgage loan investments currently on the books. The first mistake to avoid when writing a
mortgage loan underwriter resume objective is making it too generic. Stay current with various
industry and organizational trends and changes including changes with underwriting guidelines,
mortgage products, PMI updates, while serving as an 'expert' in various areas related to mortgage
underwriting. Review assets statements to compare to required assets, require documentation and
source for any recent large deposits. Related: What does a Mortgage Loan Underwriter do.
Communicated loan decisions and deficiencies with clarity. Keep current on national and regional
real estate market trends which may impact property values. Remain current on Federal and State
regulations, FHA, VA, Rural Development, Fannie Mae, and private mortgage insurer underwriting
guidelines and industry trends. Thorough knowledge of FNMA and BCU underwriting and quality
control standards required. Proven interpersonal and communication skills to deal with the demands
of HFA's and to be able to tactfully relay unpopular messages. Three years of experience in mortgage
loan production, processing, closing or review.
Balanced the need for loan-volume with the equally important necessity of optimum underwriting
quality to minimize risk while maximizing profitability. Sound organizational skills with ability to
prioritize and give close attention to detail. Analyze customer's loan-to-value ratio, debt-to-income
ratio, credit report, application, income and assets, source(s) of down payment funds, and supporting
documentation to identify potential fraud or misrepresentation. Interact directly with Rating
Agencies and B Piece Buyers relating to potential ratings on new origination and seasoned large loan
transactions. Underwriting residential mortgage applications originated by the company's mortgage
loan officers, including appraisal review. Ability to grasp concepts quickly, make sound decisions
and ability to communicate effectively with PMI personnel, Investors, FHA, VA and branch
associates. Monitor quality findings and the ongoing resolution process. Any unrelated information
or facts can take away from the impact of your statement and detract from its effectiveness.
Comfortable reviewing all underwriting documentation including: Credit report, pay stubs, W-2s, tax
returns (personal and business), application, assets, title, appraisal, etc. Making loan eligibility
decisions and approving applications. Validates loan application and supporting documentation.
Responsible for underwriting decisions within delegated lending authority and making
recommendations on files that exceed this limit. An energetic and enthusiastic approach to all tasks.
Reviews self-employed, corporate and partnership tax returns, profit and loss, as well as financial
statements to ascertain borrowers’ income. Proficient in Microsoft Word, Excel, PowerPoint,
Outlook and Visio (report building a plus). Analyzed various pay stubs and tax returns to determine
satisfaction of income verification stipulations. Review of self-employed, corporate and partnership
tax returns, profit and loss, as well as financial statements to ascertain borrowers’ income. Our
professional designs are tailored to beat the ATS and help you land your dream job. Recognize when
additional field reviews may be necessary to support value. Aptitude for maintaining professional
relationships with coworkers. Ability to perform in a multi-tasked environment while effectively
prioritizing workload and maintaining high level of service. The first mistake to avoid when writing a
mortgage loan underwriter resume objective is making it too generic. Commitment to teamwork:
Customer service skills are a MUST. Prepare underwriting narrative and loan committee
recommendations. Verified the investor guidelines for outstanding derogatory items and requirement
payment or satisfaction if needed. Ensures loans are in compliance with investor requirements,
federal and state laws and regulations. Effective business communication skills(both oral and
written). Reviews and evaluates information on mortgage loan documents to determine if buyer,
property, and loan conditions meet establishment and government standards. Handle Midwest
territory including Chicago Michigan Indiana Minnesota Wisconsin Missouri and Ohio. Finally, it is
important to avoid using jargon or technical language that may not be understood by recruiters or
employers who are unfamiliar with the industry.
Minimum 7 years lending or underwriting, including 5 years of mortgage industry experience.
Collaborates with borrowers, sales representatives and other parties linked to the mortgage process.
Responsible for reviewing and calculating complex income scenarios. Coordinate and facilitate loss
mitigation efforts with associated departments, foreclosure counsel, investors, Agencies, Chase
Master Servicing, default vendors and mortgage insurance companies. Complete knowledge of
mortgage credit processing and underwriting. Organized, forward-thinking group leader with
exceptional verbal and written communication skills. Ability to make professional sales presentations
and be able to build credibility with Huntington's client base. Its the one thing the recruiter really
cares about and pays the most attention to. Experience with identifying operational risks and
developing mitigating controls. Excellent oral and written communication skills with meticulous
follow up. Describe how you can use your expertise in loan processing, risk assessment, and
financial analysis to benefit the organization. This includes verifying underwriter analysis, adherence
to guidelines and procedures and the ability to recognize red flags. Identify, compose, and ensure
follow up of action plans identified during quality monitoring ensuring to escalate any issues that are
not being remediated promptly by proactively partnering with the appropriate line of business (LOB)
to resolve. Act as an alternate information security liaison for Retail, HMD and CL. Ability to
communicate effectively orally and in writing using the English language Ability to read and
interpret documents such as safety rules, operating and maintenance instructions, and procedure
manuals. Clears conditions identified through the underwriting process and prepares file for closing.
Develop and maintain a strong understanding of mortgage lending products, policies, processes, and
required documentation for Government-Sponsored Enterprise (GSE), Federal Housing
Administration (FHA), Veterans Affairs (VA), United States Department of Agriculture (USDA) and
portfolio products. An underwriter needs to accurately calculate income to ensure that loans are not
granted to individuals who may be at risk of defaulting on payments. Working knowledge of
personal computers, including experience with Microsoft. Experience with loan applications (i.e.
LaserPro, ITI, etc.) preferred. Works closely with the Quality Control department to facilitate timely
self-reporting of loans to investors and insurers. Ability to handle confidential information in a
professional manner. Maintain consistent, objective and sound risk assessments in a high volume and
service oriented environment. The second mistake to avoid when writing a mortgage loan
underwriter resume objective is including irrelevant information. Determine credit worthiness of a
borrower to include knowing how to read a credit report, identify red flags and question items that
are suspicious in nature. Ability to grasp concepts quickly, make sound decisions and ability to
communicate effectively with PMI personnel, Investors, FHA, VA and branch personnel. Strong
technical skills (Microsoft Office, SharePoint, etc.). Validate DU recommendations, maintain data
integrity and validate loan eligibility. Manage the processing of new Manulife One and Manulife
Bank Select accounts. Analyze the credit, income, and personal assets of loan applicants.