Cassandra Farley
Minnesott Beach,NC
Summary
Top-notch Underwriter with solid experience in financial services. Proficient in determining level of risk for lenders using strong mathematical and statistical skills. Conscientious and committed to adhering to standards, underwriting guidelines and authority levels.
Overview
15
15
years of professional experience
Work History
Underwriter III
Guild Mortgage Company
08.2020 - Current
- Determine and documented loan conditions and communicated requirements and decisions.
- Analyzed credit, income, compliance, title documents, and appraisals during underwriting process.
- Make approval and denial recommendations by determining accurate risk levels.
- Assess and advise on loan applications utilizing in-depth underwriting process understanding.
- Evaluate loan applications for affordability and conformance with underwriting guidelines.
- Examine credit reports, financial statements and tax returns to determine repayment capability.
- Identify and resolved application discrepancies for accuracy and compliance with relevant regulations.
- Collaborate with other professionals to develop innovative underwriting solutions while maintaining integrity between all parties.
- Read and comprehend industry changes, remaining up-to-date with latest trends and protocols.
- Strengthen communication skills through regular interactions with teammates.
- Regularly adapts to new situations and flexible to adjust approach.
- Self-Manages workload to ensure the most efficient and successful outcomes for all customers.
- Read policy changes to ensure comprehension of what is expected by the investors.
Consumer Loan Underwriter
Wells Fargo Home Mortgage
11.2019 - 08.2020
- Analyzed applicant profiles and credit histories while reviewing loan approval contingencies to execute accurate and speedy pricing initiatives.
- Mitigated regulatory risks by ensuring all closing loans adhered to HMDA compliance and government guidelines.
- Utilized CORE applications to validate and qualify home mortgage loan borrowers, resulting in document flow automation.
- Reduced regulatory risks by assessing closing loans for compliance with HMDA and government requirements.
- Resolved and identified complex customer loan problems to prevent negative impact on operations and business direction.
- Expedited loan closings by counseling and educating brokers and account executives.
- Responsible for assessing risk and making credit decisions for VA, Conventional and USDA CORE/LIS loans per WFHM and investor guidelines
- Ensure that the specifications of properties and terms of loans meet the requirements WFHM and with the government regulations
- Preliminary loan work up to determine accurate decision of ability to repay, the stability of the loan and financial strength of the borrower
- Calculate the borrower's Debt to Income percentage and confirm appraisal supports Loan to Value as well as meeting minimum property standards
- Perform reviews and analyze data to determine compliance with loan origination and servicing procedures and requirements, Fair Housing and RESPA
- Submit clear, concise conclusions that explain the determination of the findings throughout the file after review of income, assets, property documentation
Loan Processor III Team Lead
GUILD MORTGAGE COMPANY, LLC
04.2015 - 10.2016
- Responsible for new hire training as well as escalations while the processing manager is out
- Review files for completeness
- Verify accuracy of system input
- Analyze file; check ratios and program applicability
- Obtain accurate AUS findings
- Request necessary documentation such as verifications of employment/assets, appraisal, preliminary title report, etc
- Analyze credit reports, returned verifications, and appraisal
- Self-Manage work flow to ensure time sensitive files are handled in proper order
- Provide status to loan officers, borrowers and agents
- Submit files to underwriting in a timely manner in accordance with company standards
- To assure at all times compliance with all regulatory and governmental standards, guidelines, rules and regulations, and the applicable state regulatory authorities, and any applicable federal, state, and/or local ordinances, administrative regulations and statutes
- To assure compliance with Guild Mortgage Company policies and procedures
- Review Flood policies and ensure guidelines are met- Flood Subject Matter Expert
Consumer Loan Underwriter III
WELLS FARGO HOME MORTGAGE
09.2011 - 04.2015
- Responsible for assessing risk and making credit decisions for VA, Conventional and USDA CORE/LIS loans per WFHM and investor guidelines
- Retail Refinance and Purchase underwriting on a National Level
- Verify employment along with income information, provide reviews on credit history and compute the borrower’s assets and collaterals
- Ensure that the specifications of properties and terms of loans meet the requirements WFHM and with the government regulations
- Preliminary loan work up to determine accurate decision of ability to repay, the stability of the loan and financial strength of the borrower
- Calculate the borrower's Debt to Income percentage and confirm appraisal supports Loan to Value
- Review and re-structure loan if needed once additional requested documentation is received
- Follow up on funding conditions received after signing to ensure all loan conditions are met
Loan Document Specialist IV- Team Lead
WELLS FARGO HOME MORTGAGE
10.2010 - 09.2011
- Responsible for new hire training as well as escalations
- Review files for completeness
- Verify accuracy of system input
- Analyze file; check ratios and program applicability
- Obtain accurate AUS findings
- Request necessary documentation such as verifications of employment/assets, appraisal, preliminary title report, etc
- Analyze credit reports, returned verifications, and appraisal
- Prioritize work flow to ensure time sensitive files are handled in proper order
- Provide status to loan officers, borrowers and agents
- Submit files to underwriting in a timely manner in accordance with company standards
- To assure at all times compliance with all regulatory and governmental standards, guidelines, rules and regulations, and the applicable state regulatory authorities, and any applicable federal, state, and/or local ordinances, administrative regulations and statutes
- To assure compliance with WFHM policies and procedures
- Ensure the customer exceptions are met with exceptional customer service.
Loan Document Specialist IV
Wells Fargo Advisors-Home Mortgage Division
05.2010 - 10.2010
- Direct contact for WF Financial Advisors as well as Clientele for the loan process
- Review files for completeness
- Verify accuracy of system input
- Analyze file; check ratios and program applicability
- Obtain accurate AUS findings
- Request necessary documentation such as verifications of employment/assets, appraisal, preliminary title report, etc
- Analyze credit reports, returned verifications, and appraisal
- Prioritize work flow to ensure time sensitive files are handled in proper order
- Provide status to Financial Advisors as well as the portfolio customers
- Submit files to underwriting in a timely manner in accordance with company standards
- To assure at all times compliance with all regulatory and governmental standards, guidelines, rules and regulations, and the applicable state regulatory authorities, and any applicable federal, state, and/or local ordinances, administrative regulations and statutes
- To assure compliance with WFHM policies and procedures
Skills
- Microsoft Office
- Excel
- Word
- Outlook
- Gmail
- Google Drive
- Blitz doc retention
- FHLMC/VA/FNMA/FHA All-Regs
- Loan Prospector
- GUS
- Desktop Underwriter
- Webology
- FHA Connection
- Creditworthiness assessment
- Managing risk
Timeline
Underwriter III
Guild Mortgage Company
08.2020 - Current
Consumer Loan Underwriter
Wells Fargo Home Mortgage
11.2019 - 08.2020
Loan Processor III Team Lead
GUILD MORTGAGE COMPANY, LLC
04.2015 - 10.2016
Consumer Loan Underwriter III
WELLS FARGO HOME MORTGAGE
09.2011 - 04.2015
Loan Document Specialist IV- Team Lead
WELLS FARGO HOME MORTGAGE
10.2010 - 09.2011
Loan Document Specialist IV
Wells Fargo Advisors-Home Mortgage Division
05.2010 - 10.2010
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