RAYMOND BRAMZEL

Telephone 206-321-5092

EXPERIENCE

Over 20 years in mortgage finance, 15 years in underwriting and 10 years business operations management:

Single family residential mortgage, commercial real estate secured and business finance lending.
Single signing authority and discretion for loan amounts up to and over $1,000,000 with exceptions.
Started up correspondent division and underwrote FHA test cases for “Full Eagle” retail mortgage lending.
Using Automated Underwriting Systems DU/FNMA LP/FHMLC, Clout Clues, Assetwise and others.
Manual underwriting FHA, 203k, Conforming, Prime, ALT-A, non-conforming, Jumbo, construction, other home products A to C credit in 48 US states and worked from home dual screen – imaged files.
Underwriting up to 8 new loans a day and in 3 weeks caught up 2 months back log to 24 hour turn time.
Analyzed application, credit, income, asset, collateral and disclosures to meet individual investors’ guidelines.
Produced loan disposition approval notices, signing off conditions prior to documents and funding.
Due diligence of loans, pre-funding and closed real estate secured mortgages for investor bulk purchasing reviewing notes, trust mortgage deeds, riders and other documentation for correct execution.
Credit Administration, compliance & FHA underwriting quality control.
Quality control, forensic underwriting, fraud detection compliance for TIL, GFE, ROR, APR, Section 32 and RESPA Reg A to Z TIL, FACT, FCRA, ECOA, HMDA, Fair Lending, State and Federal regulatory compliance.
Delinquency Management Loss mitigation, loan modification, collections, foreclosure and short sales.
Devised policies, procedures, guidelines, quality control and due diligence audits for investors’ bulk purchasing.
Provided financial spreadsheets, feasibility, projections and action plan reports to shareholder directors.
Turned around an under performing mortgage investment corporation to become operations manager.
Responsible for managing, supervising and training staff including loan officers, processors, closers and funders.
Researched information of industry changes, economic environment, legislation and regulations.
Given good customer service and established long term relationship with referral sources.
Promoted products and loan programs to increase volume of business.
Supervisor for small and large teams; administration staff, underwriters, processors and funders.

WORK HISTORY

GOLF SAVINGS BANK –Senior Underwriter – FHA, 203k and conventional including high balances loans

WELLS FARGO HOME MORTGAGE – Senior FHA Underwriter Level 3 & conforming – Retail Loan Center

MORTGAGE ADVISORY GROUP – Main FHA, test cases & conforming underwriter – Retail mortgage bankers

PREMIER LENDING – Senior Underwriter Correspondent Lending – Prime and Specialty Products - Retail

CLAYTON, HANOVER, AMC, NMS – Contract Underwriter – Wholesale (Bulk Purchase and Due Diligence)

MILLENNIUM FUNDING GROUP – Regional Operations Manager/Senior Underwriter Level IV – Wholesale

EXPRESS EQUITIES – Certified Direct Endorsement FHA Underwriter – Wholesale

MORTGAGE GUARANTY INSURANCE CORPORATION (MGIC) - Contract FNMA “Fannie Mae” Underwriter

Prior experience in Commercial RE Mortgage Loan Specialist, Analyst, Underwriter & Portfolio Manager

EDUCATION

University of Phoenix - Bachelor of Science in Business Global Business Management – Registered student

Real Estate Property Appraising, Auctioneering & Management – Licensed certification – Bachelor equivalent

Associate of Science Degree

AWARDS, LICENSES AND CERTIFICATES

Direct Endorsement for underwriting government FHA loans with a CHUMS ID AU44 since 2002

Support Person of the Month – July 2009 at Golf Savings Bank

Held an Loan Originator’s license for The State of Washington issued by The DFI

Certified Public Notary for The State of Washington

On line certificates of courses in credit legislation, regulations, code of conduct and practices and have held licenses

AllRegs Learning Pass certificate for 16 courses for continuing education for residential mortgage lending