Summary
Overview
Work History
Education
Skills
Timeline
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Phil Stapleton

Supply

Summary

Seasoned Non-QM Mortgage Underwriter skilled in documentation review and application analysis. Proven track record in identifying fraud risks and ensuring compliance with underwriting guidelines. Adept at collaborating with teams to facilitate seamless loan origination, while delivering clear explanations of complex loan terms to clients.

Organized and dependable Underwriter successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals.

Experienced with all types of Non-QM loan programs.

Overview

20
20
years of professional experience

Work History

Non-QM Mortgage Underwriter

Assendum
08.2024 - Current
  • Underwrote Bank Statement loans, DSCR loans, P&L loans, Asset Deletion loans, ITIN loans, Foreign National loans, and full doc loans
  • Approved or denied loans based on established criteria and underwriting guidelines.
  • Identified possible fraud risks through meticulous evaluation of application materials, protecting both lenders and homebuyers from potential losses.
  • Analyzed and verified applicant income, assets and credit history to support compliance with underwriting guidelines.
  • Determined credit risks by reviewing files in advance and comparing data against internal checklists and guidelines.
  • Supported the loan origination team by providing expert knowledge and guidance on complex underwriting scenarios, enabling well-informed decisions in challenging cases.

Non-QM Mortgage Underwriter

Acra
02.2023 - 08.2024
  • Underwrote Bank Statement loans, DSCR loans, P&L loans, Asset Deletion loans, ITIN loans, Foreign National loans, and full doc loans
  • Made careful determinations based on skilled analyses of submitted documentation covering credit histories, employment records, and current financial status.
  • Reviewed appraisals and title documents to verify accuracy and completeness.
  • Provided comprehensive explanations of loan terms and conditions to clients, ensuring full understanding before finalizing agreements.
  • Approved or denied loans based on established criteria and underwriting guidelines.
  • Maintained open lines of communication with internal stakeholders such as processors, closers, and sales representatives to ensure a seamless mortgage underwriting process.

Non-QM Mortgage Underwriter

Angel Oak Wholesale
02.2020 - 09.2022
  • Underwrote Bank Statement loans, DSCR loans, P&L loans, Asset Deletion loans, ITIN loans, Foreign National loans, and full doc loans
  • Achieved high levels of accuracy in data entry and analysis, ensuring streamlined processes throughout the mortgage underwriting lifecycle.
  • Negotiated and communicated with loan officers, processors and loan applicants to reach satisfactory loan terms.
  • Enhanced risk assessment accuracy by conducting thorough reviews of credit reports, employment history, and income verification documents.
  • Demonstrated sound decision-making skills when assessing borrower eligibility based on financial stability, creditworthiness, and collateral value.
  • Assisted in training new team members, fostering a collaborative work environment that supported professional growth.

Mortgage Underwriting Manager

Fourstar Financial/Global Mortgage
02.2005 - 10.2019
  • Managed a high-performing team of underwriters, providing guidance and support to ensure consistent results.
  • Proactively identified areas for process improvement within the department, implementing changes that led to increased efficiency across teams.
  • Maintained compliance with regulatory requirements by staying updated on industry changes and adjusting policies accordingly.
  • Mentored junior underwriters in best practices, contributing to their professional development within the organization.
  • Conducted regular performance reviews for team members, fostering professional growth and promoting a culture of continuous improvement.
  • Streamlined communication between underwriting, claims, and other departments to foster collaboration and improve overall service levels.

Education

BBA - Banking And Finance

EMU
Ypsilanti, MI

Skills

  • Documentation review
  • Underwriting guidelines
  • Residential mortgage lending regulations
  • Application analysis
  • Asset appraisal
  • Loan origination software- Meridian Link, Encompass, and Byte
  • Debt-to-income ratios
  • FNMA guidelines
  • Asset statements
  • Income evaluation
  • Teamwork and collaboration
  • Loan origination software
  • Credit analysis

Timeline

Non-QM Mortgage Underwriter

Assendum
08.2024 - Current

Non-QM Mortgage Underwriter

Acra
02.2023 - 08.2024

Non-QM Mortgage Underwriter

Angel Oak Wholesale
02.2020 - 09.2022

Mortgage Underwriting Manager

Fourstar Financial/Global Mortgage
02.2005 - 10.2019

BBA - Banking And Finance

EMU

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Phil Stapleton