Deborah  Hinkson

Mortgage Underwiter (04/02/2007 – Present)

Xceed Mortgage Corp- Residential Funder Xceed Mortgage Corp- Mortgage Underwriter

Last Employer: Xceed Mortgage co.

Responsibilities: 1. Negotiate/approve/recommend/decline, within established guidelines and authorized lending limits of up to $1,000,000, moderately complex residential mortgage applications to be secured by new or existing real estate. Accountabilities include:. incumbent is personally responsible for compliance with all such regulatory and governance programs... Managing work volumes to meet short time lines with a high level of quality where errors in judgement could result in financial losses. . Evaluating real estate and associated risks in a volatile market.. Negotiating better loan quality (e.g. where branches have committed to mortgages of poor quality) to ensure CIBC lending standards are met. . Handling difficult interactions and unpopular decisions, balancing Reviewing credit information.. Reviewing real estate appraisals for consistency with prevailing market conditions.. Completing Insurer approval process, where applicable.. Negotiating terms and conditions for marginal applications.. Documenting and advising all parties of decision and the rationale.2. Authorize advance of funds, set interest rate and level payment amount.3. Monitor branch approved mortgages to ensure maintenance of good lending practices within established guidelines by adjudicating files referred to by the junior underwriter and reviewing resubmitted complex applications which have been allocated by the junior underwriter. 4. Analyze and prepare reports for corrective action by the incumbent and referring any issues to the escalation officer or manager. Refer as appropriate, any substandard loans to the escalation officer, team leader, manager or Credit Risk Department. 5. Handle, as required, correspondence and telephone inquiries from branches or brokers channels. For example, handle inquiries from brokers on how to submit a deal, review a deal prior to submission to determine interest, review of conditions attached to approvals, track conditions on the Target adjudication system so deals can fund, issue commitments, and modifications after commitment. s.. Detailed working knowledge of insured residential mortgage policies and procedures and the residential mortgage industry in general. Detailed working knowledge of principles of credit analysis and risk management related to residential mortgages.. Working knowledge of financial analysis sufficient to understand financial statements and assess financial viability.. Knowledge of PC software and mainframe applications sufficient to input data, call up information and create and edit documents.. Detailed working knowledge of legislation regarding risk-related mortgage law.. and alternatives. Developed influential skills sufficient to negotiate effectively with business partners and to convince others of the preferred options. Strong interactive skills sufficient to communicate detailed factual explanations.. Good written and verbal communication skills. Ability to work complex mortgage transactions- (progress draws and multiple rental units. Compliance with all CIBC regulatory training and ensures these programs and policies are applied consistently across the business. The branch/customer satisfaction with standards established by CIBC.. Negotiating terms and conditions creatively for borderline applications.. Obtaining accurate and sufficient information to make valid lending decisions where information is withheld or falsified.. Building relationships with business partners. . § Summary of work experience The Residential Mortgage Underwriter 1. Negotiate/approve/recommend/decline, within established guidelines and authorized lending limits of up to $1,000,000, moderately complex residential mortgage applications to be secured by new or existing real estate. Accountabilities include:. Reviewing credit information.. Reviewing real estate appraisals for consistency with prevailing market conditions.. Completing Insurer approval process, where applicable.. Negotiating terms and conditions for marginal applications.. Documenting and advising all parties of decision and the rationale.2. Authorize advance of funds, set interest rate and level payment amount.3. Monitor branch approved mortgages to ensure maintenance of good lending practices within established guidelines by adjudicating files referred to by the junior underwriter and reviewing resubmitted complex applications which have been allocated by the junior underwriter. 4. Analyze and prepare reports for corrective action by the incumbent and referring any issues to the escalation officer or manager. Refer as appropriate, any substandard loans to the escalation officer, team leader, manager or Credit Risk Department. 5. Handle, as required, correspondence and telephone inquiries from branches or brokers channels. For example, handle inquiries from brokers on how to submit a deal, review a deal prior to submission to determine interest, review of conditions attached to approvals, track conditions on the Target adjudication system so deals can fund, issue commitments, and modifications after commitment. Requirements:KNOWLEDGE/SKILL REQUIREMENTS: . 1-2 years mortgage underwriting experience and/or a combination of previous credit/mortgage lending experience . 1-2 years working experience with internal or external Mortgage Sales Forces/Brokers.. Detailed working knowledge of insured residential mortgage policies and procedures and the residential mortgage industry in general. Detailed working knowledge of principles of credit analysis and risk management related to residential mortgages.. Working knowledge of financial analysis sufficient to understand financial statements and assess financial viability.. Knowledge of PC software and mainframe applications sufficient to input data, call up information and create and edit documents.. Detailed working knowledge of legislation regarding risk-related mortgage law.. and alternatives. Developed influential skills sufficient to negotiate effectively with business partners and to convince others of the preferred options. Strong interactive skills sufficient to communicate detailed factual explanations.. Good written and verbal communication skills. Ability to work complex mortgage transactions- (progress draws and multiple rental units. Compliance with all CIBC regulatory training and ensures these programs and policies are applied consistently across the business. The incumbent is personally responsible for compliance with all such regulatory and governance programs... Managing work volumes to meet short time lines with a high level of quality where errors in judgement could result in financial losses. . Evaluating real estate and associated risks in a volatile market.. Negotiating better loan quality (e.g. where branches have committed to mortgages of poor quality) to ensure CIBC lending standards are met. . Handling difficult interactions and unpopular decisions, balancing branch/customer satisfaction with standards established by CIBC.. Negotiating terms and conditions creatively for borderline applications.. Obtaining accurate and sufficient information to make valid lending decisions where information is withheld or falsified.. Building relationships with business partners. .

Accomplishments: Ability to effectively manage the pressure caused by high volumes and demanding clients in a fast paced work environment. Attention to detail is regularly required when reviewing applications to ensure accuracy and completeness of information Building relationships with business partners. . Handling difficult interactions and unpopular decisions, balancing branch/customer satisfaction with standards established by CIBC. . Negotiating terms and conditions creatively Strong interactive skills sufficient to communicate detailed factual explanations. . Good written and verbal communication skills . Developed influential skills sufficient to negotiate effectively with business partners and to convince others of the preferred options

Establishment: Peel Region Brampton ON

Degree: Honors B.A

Speciality: Policital Science