Tracey Williamson

Senior Underwriter with over 30 years of banking experience

Talented lending professional with extensive knowledge of multiple portfolio lines of business. Highly experienced in reviewing and analyzing complex, high-risk, and self-employed borrower applications as well as preparing and submitting super jumbo loans for final approval. Skilled at mentoring and coaching team members on policy and procedure while providing second reviews of loans.

Looking for Philadelphia and suburbs jobs, hybrid, or remote.

TD Bank. Mount Laurel, New Jersey

Underwriter III June 2022 to Present Underwriter III - Retail Lending Consumer Loans

Authorized aggregate lending authority of $1.5 million. Reviewed and made recommendations to upper management on loans exceeding this amount that were within bank’s lending portfolio.

Maintained a perfect quality control audit score that limited bank exposure on high volumes of business while being efficient and consistent in review of loans.

Underwrote highly complex Home Equity Loans and Home Equity Lines of Credit for 1st and 2nd mortgages on primary, secondary and investment properties for a wide variety of borrowers.

Assessed challenging loans for rental income and self-employed borrowers using extensive knowledge of financial analysis techniques.

Evaluated corporate business returns, P&L, balance sheets and personal returns, in order to determine a multi year income average for self-employed and high net-worth customers.

Performed thorough reviews for Condominiums and PUDS by examining master insurance policies, by- laws, occupancy, property eligibility, and appraisals.

Leveraged knowledge of loan products to help restructure unacceptable loans to approvable loans.

Ensured processing continuity in order to meet SLA timelines by becoming adept at Encompass software.

Managed loans for other underwriters when needed, in order to maintain same-day turn-times.

Determined income, asset positions, collateral and credit profiles to ascertain loan acceptance in order to make a sound underwriting decisions.

Collaborated with operations, sales, and bank branches to ensure a seamless process for the borrower.

Was able to independently make sound decisions and be highly productive in a fast-paced environment.

Santander Bank. Conshohocken, Pennsylvania

Senior Mortgage Underwriter April 2006 to May 2022

Senior Mortgage Underwriter - Retail Lending

• Authorized lending authority of $1.5 million.
• Underwrote for FNMA/FHLMC, Conventional, Non-Conventional, Jumbo, Construction Loans, FHA,

State Bond Program, Home Equity Lines and Special Bank Products.

Continued to acquire vast knowledge of agency guidelines, and mortgage systems DU/LP/Scorecard.

Trained underwriters on corporate business returns, financials, and personal returns, per bank requirements.

Assisted in second reviews of complex loans for junior underwriters.

Retained signing authority for all mortgage insurance companies as a delegated underwriter.

Performed efficient and consistent credit analysis. This enabled decisions on a high volume of business while minimizing the risk to the bank and maintaining low QC errors.

Leveraged knowledge of loan products to help restructure rejected loans for subsequent approvals.

Evaluated the financial strength of borrowers to determine risk and repayment capacity.

Supported team members whenever needed in order to maintain SLA turn times and to provide excellent customer service to our internal and external business partners.

Lead - Project Lending

• Reviewed and approved Co-ops, Condominium and PUD projects.
• Conducted bank wide review of all attached housing to meet agency, investor, and bank guidelines. • Trained processors and mortgage loan officers on all aspects on project approvals.
• Obtained waivers from FMNA for project acceptance.
• Acquired strong knowledge of FNMA’s CPM.

Senior Mortgage Underwriter - Wholesale Lending

• Authorized lending authority of $1.5 million.
• Underwrote for FNMA/FHLMC, Conventional, Non- Conventional, Jumbo, FHA, Lot Loans, and Special Products such as no income, no assets.

Continued to acquire expert knowledge of agency guidelines, and bank guidelines.

Assisted management with review of compliance buybacks for loans from mortgage insurance companies and agencies.

Authorized to sign for multiple private investors

Retained signing authority for all mortgage insurance companies as a delegated underwriter

Maintained strong working relationship with brokers and correspondent lenders.

Blue Bell Mortgage Group. Blue Bell, Pennsylvania

Senior Mortgage Underwriter December 2003 to April 2006

• Managed and supervised day-to-day underwriting processes, including final signature authority.
• Utilized Delegated Underwriting Authority approved by investors and mortgage insurance companies.
• Personal signature was approved up to $1,000,000.
• Underwrote loans for wholesale and retail departments meeting investor’s underwriting guidelines.
• Reconfigured unacceptable loans to allow them to pass acceptable underwriting standards.
• Advised brokers on mortgage package creation so they can be better sold on the secondary market.
• Assisted processors and other underwriters in assembling and underwriting difficult loans.
• Handled the loan process from ordering reports and processing to final loan approval and closing in rush/ high priority situations.

Conducted meetings and strategy sessions with investors to better integrate their programs with company production.

Managed company liaison with investors to ensure appropriate salability.

Trained sales team to process loans in a streamlined manner, thereby increasing closing ratios.

Packaged loans for sale to the secondary market.

Compiled and submitted government reports including HDMA to ensure compliance.

Mortgage Guaranty Insurance Corporation. Newtown Square, Pennsylvania

Mortgage Underwriter June 1986 to December 2003 • Underwrote mortgage insurance loans to meet company guidelines.

• Contract underwrote for various investors to each of their specific guidelines.
• Underwrote loans for various state bond issues.
• Performed compliance underwriting to meet regulatory requirements.
• Communicated written and verbal loan decisions promptly in a fast-paced environment. • Obtained extensive knowledge in automated systems:

o FNMA’s Desktop Underwriter.

o FHLMC’s Loan Prospector.

o Proprietary investor systems such as CLOUT, Gemstone, Engenious, Zippy & Avenue B.

• Supported sales by providing time sensitive customer contact on technical issues and needs.
• Lead detailed technical seminars for all levels of staff at customer lending shops.
• Managed key accounts and worked on critical projects to create strong working relationships.
• Provided support to other underwriters by assisting with the underwriting of more complex loans. • Responsible for review of loan denial and second signature loan process.
• Traveled, as required, to meet company and customer needs.

United Guaranty Insurance Corporation. Wayne, Pennsylvania Mortgage Underwriter / Office Manager May 1984 to June 1986

Managed field office for Philadelphia, supported sales team, and created reports for senior management.

Underwrote loans that required mortgage insurance.

Home Unity Savings and Loan. Lafayette Hill, Pennsylvania

Mortgage Sales, Processing and Closing February 1983 to May 1984

Met with borrowers, took loan applications, set up files, ordered credit, appraisals and verifications.

Prepared closing documents, coordinated settlements and attended settlements as the bank representative.

Boston College. Chestnut Hill, Massachusetts

FHA Direct Endorsement (DE) Underwriter

Additional Coursework: Communication Skills, Presentation Skills, Managing Difficult People, Professional Selling Skills, Advanced Underwriting, FHA Processing and Underwriting, Customer Service, FNMA Self-Employed Evaluation, FNMA Appraisal, Condominium, and 2-4 Family Review.

Strong Computer Skills including: Encompass, Empower, Unifi, Calyx Point, Multiple Automated Underwriting Systems, and Microsoft Office Suite.