Junior Underwriter Resume

Underwriters evaluate applicants' history, whether individuals or companies, using mathematical models to determine if they can be provided with loans. They are also known as risk experts, and usually operate in different industries like mortgage, insurance, banks, equity markets as well as debt securities management. The mortgage underwriters examine the credit worthiness of a person on the basis of his or her income. The professionals in this sector are accountable for studying background of loan applicants, determining the value of their assets to ensure if they are capable of doing repayment, finalizing loan procedures, etc. They assess the applicant's income, credit history, and debt ratios to give approval for mortgage loans. A bachelor's degree in finance, economics or relevant fields, and strong research skills are required for this profile.

Junior Underwriter Resume Sample

Margaret C. Gilckey
793 Red Maple Drive
Los Angeles, CA 90017
Phone: 619-628-9372
Email: margaret.gilckey@anymail.com

Job Objective:

Highly motivated and research efficient Underwriter looking for a challenging position in 'ABC organization' where I can use my knowledge and extensive experience for the benefit of both, clients and the organization.

Summary of Skills:

Adept at analyzing credit reports, preparing tax returns, and financial statements, property sales contracts, and associate documentation as required
Hands-on experience of working in real estate markets, and ability to maintain long-term relationships with the clients
Capable of creating concise documents by clearing, adding and editing conditions as suggested
Proficient in cultivating trustworthy referral networks to suggest alternative options, and assist in cross-sell of products or services
Strong attention to details, and ability to draft property contracts with utmost clarity
Capable of analyzing statistical data using automated computerized formulas for quick results
Expertise in using Microsoft Office Suite, Google Spreadsheets, and other computer applications
Familiar with CRM principles, efficient organizational, and good interpersonal skills

Work Experience:

Junior Underwriter
AmeriHome Mortgage Services Pvt. Ltd., Los Angeles, CA
April 2016 – Present

Assessing credit standings of applicants through background research, and interviewing candidates to determine their eligibility for loan
Concluding on all applicable financial, and non-financial criteria, and developing repayment plans for the ease of clients for all types of loans
Identifying customers' need to explore all possible options to suggest different types of loans, and finalizing loan contracts by explaining client about obligations
Developing and maintaining cordial and healthy relationships with existing, and old clients leading to generation of referral business
Reviewing loan agreements, and other contractual documents to assist senior underwriters in specifying clear conditions
Actively keeping up-to-date knowledge about lending, and other financial services
Consistently adhering to company guidelines, and policies to write underwriting letter for clients as required
Managing results in the business book, and implementing underwriting modifications as applicable

Associate Underwriter
Ryan Specialty Group, Los Angeles, CA
November 2014 – March 2016

Reviewed credit reports, income statements, leasing documents, and purchasing agreements to assist in making sound loan decisions
Collaborated with the bank's loan processing officers to underwrite guidelines for mortgage loans
Answered inquiries from loan officers, and prospective clients for clarification of points included in the revised underwriting documents
Initiated the creation of Microsoft Word templates to streamline the underwriting process, and mentored assistants about the procedures to be followed
Performed various duties like processing applications, payments, corrections, endorsements, and cancellations by preparing necessary documents digitally
Served as a liaison in the department for providing support to multiple Account Executives, and the clients during the loan application process
Conducted regular audits of loan applicants to prevent financial loss, and coordinated with senior management to determine the next course of action to give timely alerts

Underwriting Assistant
Ryan Specialty Group, Los Angeles, CA
June 2012 – October 2014

Took responsibility to prepare thorough underwriting narrative, and loan calculation spreadsheet for presenting company's worthiness to prospective clients
Reviewed and analyzed loan application documents submitted to the bank, including financial credit exhibits, and third party assurance reports
Gathered and evaluated credit for FHA/VA mortgage loans to submit reports to supervisors
Conducted thorough research to determine applicants' background, business credit, company performance, overall turnover, and profit margin to document the application for a commercial property for new plant setup
Performed property market inspections, and evaluated the property conditions before scheduling meeting with a prospective dealer
Obtained and calculated housing to income rate, and assured completeness on files to get underwriting approvals from supervisors
Reviewed and analyzed documentation provided with the loan application to calculate borrower's income, and prepared charts on debt-to-income ratio

Education:

Bachelor's Degree in Banking and Finance
University of California, Los Angeles, CA
2011

Certifications:

Associate Certificate in Commercial Underwriting, 2012

Reference:

On request.