Tiffany Woodward
2432 Middle Creek Ct,KY
Summary
Dynamic and highly organized Mortgage Underwriter with 20+ years of experience in the Mortgage/Banking industry, in both Retail and Wholesale environments. Proven track record of success in reviewing complex loan applications and assessing their appropriate risk factors while consistently adhering to underwriting guidelines. Artist of mitigating risk and maximizing opportunity to ensure a profitable return for the organization. Organized and successful at managing a healthy pipeline of loans while maintaining set SLA turnaround times with skilled handling of each customers needs.
Overview
9
9
years of professional experience
1
1
Certification
Work History
QC Coordinator / Senior Underwriter
Devon Bank
10.2024 - Current
- Conduct regular post-closing and pre-funding internal audits of underwriting files, ensuring compliance with regulatory requirements and internal policies while also working with external auditing partners: Fannie Mae, Freddie Mac, MI companies and Regulatory Solutions compliance.
- Champion change management initiatives aimed at enhancing production processes while maintaining strict adherence to established QC policies and procedures.
- Apply knowledge of underwriting guidelines to maintain compliance with applicable regulations and company standards.
- Spearhead proactive problem-solving initiatives by engaging with relevant departments to identify potential issues before they arise.
- Track quality issues within internal processing, underwriting and closing departments.
- Implement plans of action through cross-department collaborations when reviewing reporting analyses of trending defects and guideline adherence.
- Implement continuous improvement initiatives in the underwriting and processing departments, to drive operational excellence across the teams.
- Maintain strong relationships with the sales department, facilitating open communication channels and improving overall business collaboration.
- Analyze credit, income, compliance, title documents, and appraisals during underwriting process.
- Identify and resolve application discrepancies for accuracy and compliance with relevant regulations.
- Make approval and denial recommendations by determining accurate risk levels.
- Determine and document loan conditions and communicated requirements and decisions.
- Develop and implement comprehensive underwriting policies and procedures, establishing useful and accurate processing of applications.
- Boosted customer satisfaction rates by addressing and resolving any product quality concerns in a timely manner.
LOAN SPECIALIST
Small Business Administration
01.2023 - 10.2024
- Perform analytical functions and evaluative PPP Loan Forgiveness submissions, with a collective pipeline of over 1800 loans
- Obtained copies of applicants' credit histories and reviewed paperwork to determine feasibility of granting loans per the PPP Loan guidelines
- Review credit risk factors and lending principles involved in loans of specialized types granted, insured, or guaranteed by the Federal Government, financial structures and practices of business organizations concerned with such loans, and pertinent statutory, regulatory, and administrative provisions
- Material Discrepancies Team additionally reviews PPP Loan documentation provided by either the borrower or lender to determine if any of the documentation provided have any "material discrepancies" or fraud
- Thorough write up is completed based on the documentation and information provided, noting any misrepresented documentation and or business structure or existence
- Loan Specialist utilize various tools to complete their task, consisting of Social Media Platforms, Lexis Nexis, Secretary of State website.
Senior Underwriter
Quontic Bank
09.2021 - 11.2022
- Reviewed and decision for the approval, denial or modification of No Doc, Lite Doc, DSCR and ITIN loan applications.
- Applied knowledge of underwriting guidelines to maintain compliance with applicable policies, regulations and company standards. Always taking in account for risk and exposure.
- Reviewed and decisioned 2-3 new loan applications per day in a fully paperless underwriting environment within 24-48 hour SLA turn time requirement
- Reviewed 5-7 loan condition reviews per day within 24-48 hour SLA turn time requirement
- Analyzed credit, income/assets, compliance, title documents and appraisals during underwriting review process
- Ascertained application viability by verifying collateral values, title reports and appraisals
- Communicated all loan decisions in writing to sales, brokers, loan processors, closers and management in a clear and concise manner
- Consistently met or exceeded monthly minimum turn times and productivity requirements
Underwriter III
LoanDepot
06.2020 - 09.2021
- Wholesale mortgage underwriting of Conventional, FHA and Jumbo loan programs with knowledge of FHA, FNMA AND FHLMC guidelines
- Dedicated POD underwriter for 2 high volume account executives exclusively
- Reviewed and decisioned 2-3 new loan applications per day in a fully paperless underwriting environment within 24-48 hour SLA turn time requirement
- Reviewed 5-7 loan condition reviews per day in a fully paperless underwriting environment with 24-48 hour SLA turn time requirement
- Analyzed credit, income, compliance, title documents, and appraisals during underwriting review process.
- Ascertained application viability by verifying collateral values, title reports and appraisals.
- Examined credit reports, paystubs, financial statements and personal/business tax returns to determine repayment capability.
- Documented underwriting decisions and provided evidence of compliance with applicable regulations.
- Built strong relationships with lenders, brokers and clients for constructive communications.
- Communicated all loan decisions in writing to sales, brokers, processors and closers in a clear and concise manner
- Brainstormed with sales, brokers, processors and closers on any alternative ways to get a loan closed and funded when any guideline or approval issues were present
- Consistently met or exceeded monthly minimum turn times and KPI productivity requirements
Senior Underwriter
Stearns Lending LLC
05.2016 - 03.2020
- Wholesale mortgage underwriter for KB Homes joint venture, underwriting Conventional and Jumbo loan programs utilizing FNMA, FHLMC and company guidelines
- Reviewed and decisioned loan applications for approval, denial or modification, following FNMA & FHLMC guidelines along with company guidelines and overlays
- Reviewed and decisioned 2-3 new loan applications per day in a fully paperless underwriting environment within 24-48 hour SLA turn time requirement
- Reviewed 5-7 loan condition reviews per day in a fully paperless underwriting environment with 24-48 hour SLA turn time requirement
- Analyzed credit reports, paystubs, financial statements and personal/business tax returns to determine repayment capability
- Documented underwriting decisions and provided evidence of compliance with applicable regulations and company standards.
- Built and maintained strong relationships with lenders, brokers and clients for constructive communications
- Communicated all loan decisions in writing to sales, brokers, processors, closers and management in a clear and concise manner
- Conferred with sales, loan processors and closing departments to meet all contingency deadlines and coordinate with contractor/builder.
- Consistently met or exceeded monthly minimum underwrite requirements and SLA turn time requirements
Education
High School Diploma -
Etiwanda High School
Etiwanda, Ca06.1992
Skills
- Strong understanding of underwriting guidelines and regulations
- Excellent analytical and problem-solving skills
- Application Evaluation; Credit Reports, Asset Statements, Appraisal Reports
- Income Verification; paystubs, personal tax returns, business tax returns (Schedule C, 1065, 1120S 1120)
- High degree of accuracy and attention to detail
- Loan Restructuring
- Encompass, Desktop Underwriter, Loan Prospector and FHA Connect
- Excellent communication and customer service skills
- FNMA, FHLMC and FHA Guidelines
- Fraud Prevention and Detection
Certification
FHA/DE
Timeline
QC Coordinator / Senior Underwriter
Devon Bank
10.2024 - Current
LOAN SPECIALIST
Small Business Administration
01.2023 - 10.2024
Senior Underwriter
Quontic Bank
09.2021 - 11.2022
Underwriter III
LoanDepot
06.2020 - 09.2021
Senior Underwriter
Stearns Lending LLC
05.2016 - 03.2020
High School Diploma -
Etiwanda High School
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