Beatriz E. Hocutt
Mortgage Underwriter, Income calculation
Baton Rouge, LA · (843) 555 0133 · name@example.com · linkedin.com/in/beatrizehocutt
Key Qualifications
EXPERIENCE
Nine years underwriting residential mortgage loans for banks and a credit union
PRODUCTS
Conventional loans sold to Fannie Mae and Freddie Mac, Federal Housing Administration, Veterans Affairs, portfolio loans
SPECIALTIES
Income calculation, debt to income and loan to value analysis, appraisal review, condition clearing
SYSTEMS
Encompass, Desktop Underwriter, Loan Product Advisor, nCino, Blend
CREDENTIALS
Direct endorsement underwriter, Federal Housing Administration
EDUCATION
Bachelor of Science in finance, Louisiana State University
Executive Summary
Residential mortgage underwriter with nine years in bank lending, deciding conventional, Federal Housing Administration and Veterans Affairs purchase and refinance files for borrowers across the Gulf South. Carries direct endorsement authority and averages sixteen decisions a day without letting the quality score slip.
Signature Achievements
- Decisions an average of sixteen loan files a day against a department standard of twelve.
- Held a post closing quality control defect rate of 1.4 percent against a department average of 3.6 percent.
- Cut average conditions per file from 7.2 to 4.1 by writing clearer initial condition language.
- Underwrote 240 Federal Housing Administration loans in one year with no insurance endorsement issues.
- Trained four junior underwriters on self employed borrower income calculation.
Professional Experience
Mortgage Underwriter
Bayou Bend Savings Bank, Baton Rouge, LA 2021 to present
Underwrites purchase and refinance files for a bank mortgage division closing 1,900 loans a year across Louisiana and Mississippi.
- Reviews credit reports, income documents, asset statements and appraisals against agency and investor guidelines.
- Calculates qualifying income for wage earners, commission earners and self employed borrowers using tax returns and profit and loss statements.
- Issues approvals, suspensions and denials with adverse action reasons that meet the Equal Credit Opportunity Act.
- Clears conditions and communicates directly with loan officers and processors on file issues.
- Reviews automated underwriting findings and documents any manual override with written support.
Mortgage Underwriter
Acadiana Members Credit Union, Lafayette, LA 2017 to 2021
Underwrote portfolio and secondary market loans for a credit union serving 84,000 members.
- Decisioned about 900 files a year, split between portfolio adjustable rate loans and conventional sales.
- Reviewed title commitments, flood determinations and hazard insurance for compliance before closing.
- Checked Truth in Lending Act and Real Estate Settlement Procedures Act disclosure timing on every file.
Licensure and Certification
Direct endorsement underwriter authority, Federal Housing Administration
Certified Mortgage Underwriter, National Association of Mortgage Underwriters
Education
Bachelor of Science in finance, Louisiana State University, 2016
Core Skills
Residential mortgage underwriting · Income calculation · Debt to income analysis · Loan to value analysis · Appraisal review · Automated underwriting systems · Adverse action notices · Condition clearing · Fraud detection · Investor guidelines