Eric Douglas
Stockbridge
Summary
Dynamic professional with extensive experience in underwriting and operational management at Home Point Financial. Proven expertise in manual underwriting and fraud review, ensuring compliance with Fannie and Freddie guidelines. Exceptional decision-making and communication skills have consistently driven process improvements and enhanced quality assurance in high-stakes environments.
Overview
26
26
years of professional experience
Work History
OPERATION MGR
BENNET HOME REMOLDING
ATLANTA
08.2019 - Current
- Performed various home repairs including molding, painting, flooring, and electrical troubleshooting across multiple locations.
- Streamlined project workflows to enhance operational efficiency in home remodeling.
- Managed team schedules and resources for timely project completion.
- Coordinated subcontractor activities to ensure compliance with company standards.
Front Line SR Underwriter
Home Point Financial
Ann Arbor
09.2016 - 02.2021
- Specialized in frontline (manual and AUS) underwriting, ensuring compliance with guidelines and regulatory standards.
- Underwrite conforming and non-conforming refinance and purchase loans according to Fannie and Freddie guidelines.
- Analyzed self-employed income, assets, property valuations, and credit documents, ensuring accurate credit approvals and identifying potential fraud or misrepresentation.
- Authorized transactions up to $2 million.
- Utilized Encompass system for efficient loan processing and documentation management.
Front Line Underwriting
Clayton Service
Atlanta
07.2014 - 08.2016
- Specialized in frontline (manual and AUS) underwriting, ensuring regulatory compliance and guideline implementation.
- Underwrite conforming and non-conforming refinance and purchase loans according to Fannie and Freddie guidelines.
- Managed signing authority for loan approvals up to $875,000.00.
- Analyzed self-employed income, assets, property valuations, and credit documents to ensure the information warranted an acceptable credit approval. Reviewed documents for suspected fraud and misrepresentation.
- Reviewed income documentation for self-employed borrowers to ensure adherence to underwriting standards and mitigate risk.
- Reviewed minimum 2 jumbo loan files daily using Encompass system to maintain efficient underwriting processes.
Front Line Underwriting
PHH Mortgage Service
Mt. Laurel
06.2012 - 10.2013
- Underwrite conforming and non-conforming refinance and purchase loans according to Fannie and Freddie guidelines.
- Analyzed self-employed income, assets, property valuations, and credit documents to ensure information warranted an acceptable credit approval. Reviewed documents for suspected fraud and misrepresentation.
- Underwrote an average of 6 files daily, managing 10-15 conditions, exception requests, and comprehensive income reviews for self-employed borrowers.
- Specialized in frontline manual and AUS underwriting, ensuring compliance with guidelines and regulatory requirements.
- Underwrote jumbo loans for Redwood and in-house products, demonstrating proficiency in the Encompass system.
- Granted signing authority for loans up to 1.5 million.
Forensic Underwriter
Fannie Mae assigned by Huron Consulting Group
Atlanta
09.2010 - 08.2012
- Examine legal documentation of possible misrepresentation, warranty violations or fraud.
- Ensured compliance of loans with regulatory laws by conducting thorough reviews.
- Reviewed and analyzed credit decisions to ensure adherence to credit policy and guidelines, enhancing decision quality.
- Audit assets, appraisals, income and collateral.
- Early Payment Default investigations include a thorough review of the following: title, appraisal, assets, income, purchase agreement, verification of employment, SSN verification, credit report and 1003.
- Reviewing loan files for completeness and accuracy, analyzing all credit documents.
- Ensured loan compliance with FNMA/FHLMC policies through thorough documentation review and risk assessment.
MORTGAGE REPURCHASE CLAIMS
Genworth Financial
Atlanta
03.2010 - 09.2010
- Leads risk mitigation activities on a portfolio of repurchase claims made to or by Genworth Financial.
- Minimize exposure on repurchase claims from investors or to counterparties within the terms and conditions of the governing purchase and sale agreements.
- Mitigated risk by counter-positioning facts and negotiating strategies that weakened investors' cases, refuted claims, and reduced potential losses for Genworth Financial.
- Negotiated and executed remedies to offset exposure from repurchase claims, leveraging delegated authority for effective decision-making.
- Evaluated counterparties' financial strengths and weaknesses, developed resolution strategies, and conducted cost/benefit analyses on unresolved loans to inform decisions on pursuing legal action.
- Delivered training and assigned tasks to team members.
UNDERWRITER 4C
Wells Fargo Home Mortgage
Des Moines
03.2009 - 03.2010
- Underwrite conforming and non-conforming refinance and purchase loans according to Fannie and Freddie guidelines.
- Underwrote a minimum of 5 files daily, clearing 10-15 conditions, exception requests, and completing income reviews for self-employed borrowers.
- Analyzed income, assets, property valuations, and credit documents to ensure information warranted an acceptable credit approval. Reviewed documents for suspected fraud and misrepresentation.
- Specialized in frontline (manual and AUS) underwriting, ensuring compliance with guidelines and regulatory requirements.
- Authorized transactions up to 1.2 million dollars.
MI UNDERWRITER
Genworth Financial/WAMU
Atlanta
01.2005 - 10.2008
- Specializing in frontline underwriting (MI, manual and AUS) ensuring compliant guidelines & regulatory (Fannie Mae & Freddie Mac) implementation.
- Managed underwriting authority of $720,000, overseeing loan approvals and risk assessment.
- Executed comprehensive underwriting for retail and wholesale business channels, ensuring adherence to guidelines.
- Performed risk re-verification on MI loans to support claims and repurchase letters for buybacks and fraud reviews.
- Reviewed collateral valuations and reconciled self-employment and complex income for loan applications.
- Analyzed appraisal reports, loan safe reports and field reviews insuring property values were supported.
- Functioned as a Jumbo Underwriter, specializing in large loan assessments and approvals.
DUE DILIGENCE UNDERWRITER
The Clayton Group
Shelton
10.2003 - 01.2005
- Examined legal documentation for possible misrepresentation, warranty violations & fraud findings.
- Investigated early payment defaults, occupancy issues, and increased risk transaction profiles to inform purchase, denial, or corrective action recommendations.
- Conducted forensic loan reviews to minimize investor kick-backs and prevent repurchases.
- Evaluated loans for potential purchase or denial based on comprehensive analysis.
- Reviewing, analyzing & auditing credit decisions in adherence to lender & investor specific guidelines.
- Completing 12-16 application, credit, income, assets & collateral documentation reconciliations per day.
- Verified income, occupancy, SSN using third party websites.
UNDERWRITER LEVEL IV
RPI Professionals/WAMU/GE Mortgage Insurance CO
New York
09.2001 - 10.2003
- Held underwriting authority of $299,000 for loan approvals.
- Manually underwrite conforming refinance and purchase loans Tiers I, II and Streamlines.
- Performed and trained all facets of underwriting for the Retail and Wholesale business channels.
- Collaborated with processors and mortgage consultants to ensure loan compliance with investor guidelines.
- Analyzed appraisal reports, loan safe reports and field reviews insuring property values were supported.
- Processed manual underwrites daily, reviewing conditions, exception requests, and income reconciliation.
- Manually calculated income (salary and self-employed) using documents provided by borrower.
- Conducted risk re-verification on MI loans for claims and repurchase letters to mitigate buybacks and fraud risks.
- Specializing in frontline underwriting (MI, manual and AUS) ensuring compliant guidelines & regulatory (Fannie Mae & Freddie Mac) implementation.
COMMERCIAL UNDERWRITER
The Metec Group
Washington
12.1999 - 09.2001
- Structure and underwrite routine to moderately complex credit facilities in a manner which achieves the Bank's profitability goals while staying within the Bank's risk parameter.
- Review and analyze financial statements, tax returns and cash flow statements of Borrowers and Guarantors.
- Performed due diligence and gathered information to make sound lending decisions.
- Evaluated commercial loan applications for new facilities, processing renewals and extensions to align with business unit standards.
- Prepare written credit approval memoranda and ancillary forms for routine to moderately complex credit facilities.
- Executed tasks to support commercial lending objectives, enhancing overall business unit performance.
- Provided support for Small Business Administration loan programs
Education
Central State University - Accounting & Computer Analysis
Central State University
Wilberforce, OHSkills
- Operational management
- Process Improvement
- Compliance
- Decision Making
- Financial Analysis
- Credit Risk
- Manual Underwriting
- Due Diligence Underwriting
- Policy Analysis
- Communication
- Verbal Skills
- Customer Service
Timeline
OPERATION MGR
BENNET HOME REMOLDING
08.2019 - Current
Front Line SR Underwriter
Home Point Financial
09.2016 - 02.2021
Front Line Underwriting
Clayton Service
07.2014 - 08.2016
Front Line Underwriting
PHH Mortgage Service
06.2012 - 10.2013
Forensic Underwriter
Fannie Mae assigned by Huron Consulting Group
09.2010 - 08.2012
MORTGAGE REPURCHASE CLAIMS
Genworth Financial
03.2010 - 09.2010
UNDERWRITER 4C
Wells Fargo Home Mortgage
03.2009 - 03.2010
MI UNDERWRITER
Genworth Financial/WAMU
01.2005 - 10.2008
DUE DILIGENCE UNDERWRITER
The Clayton Group
10.2003 - 01.2005
UNDERWRITER LEVEL IV
RPI Professionals/WAMU/GE Mortgage Insurance CO
09.2001 - 10.2003
COMMERCIAL UNDERWRITER
The Metec Group
12.1999 - 09.2001
Central State University - Accounting & Computer Analysis
Central State University