Shannon Faletra
Nolensville
Summary
To obtain a position in the lending industry where I can apply my experience and personal skills towards fulfilling a professional career
Overview
24
24
years of professional experience
Work History
Correspondent Lending Underwriter
Mortgage Investors Group
06.2015 - Current
- Responsibilities include underwriting Conventional to include Rural Housing & Government loans to include FHA, VA and THDA.
- Other responsibilities include verifying all supporting documentation for each loan transaction to meet agency guidelines, specifying closing conditions so that the file is complete and all applicable regulations are met.
- Communicating with loan officers, processors and all direct lending staff members.
Staff Underwriter
Renasant Bank
11.2011 - 06.2015
- Underwrote conventional and government loans, including FHA, VA, and USDA loans.
- Communicated effectively with processors, loan officers, and other staff underwriters to clarify loan scenarios and facilitate informed decision-making.
- Verified application packages for completeness, ensured all supporting documents were included, understood policies and procedures for loan reviews, and specified closing conditions to maintain compliance with regulations.
- Obtained DE and SAR certifications in July 2012.
Loan Document Specialist IV- Retail Office
Wells Fargo Home Mortgage
08.2011 - 10.2011
- Processed Conventional and Government loans by gathering all documentation upfront, ensuring a smooth transition to underwriting.
- Requested and reviewed all credit documentation thoroughly, facilitating accurate underwriting decisions.
- Collected outstanding conditions and coordinated appraisal, title commitment, homeowners insurance, and other closing conditions to expedite loan closing.
- Completed training on CORE, a new paperless system, to enhance workflow efficiency.
- (Received opportunity to advance to a staff underwriter)
Home Mortgage Associate
Signature Home Mortgage – Joint Venture of Wells Fargo
04.2010 - 07.2011
- Coordinated documentation gathering for three home mortgage consultants, including appraisals, title commitments, and homeowners insurance policies, to facilitate completion of purchase transactions.
- Supported operations of Signature Home Mortgage, a Joint Venture of Wells Fargo Home Mortgage focusing on 80% new construction, primarily FHA new construction.
- Processed mortgage applications for clients seeking home financing solutions.
- Reviewed financial documents to ensure compliance with lending guidelines.
- Coordinated communication between clients and underwriters throughout loan processing.
Loan Document Specialist IV/ Jr Underwriter
Wells Fargo Home Mortgage
11.2001 - 03.2010
- Fully processed Government loans to include FHA and VA as well as USDA and BOND loans including obtaining all documentation from borrowers to complete their loan transaction, review all documentation received from borrower and updating the system as well as redecisioning DU & LP.
- Underwrote and processed conventional loans, ensuring adherence to lending guidelines.
- Maintained compliance with all quality control procedures to uphold loan integrity.
- Facilitated communication among borrowers, loan officers, and real estate agents to ensure smooth loan transactions.
- Managed pipeline of 65-120 loans, successfully closing 55 loans monthly to meet production goals.
- (Operations Department closed in the Birmingham, AL)
Education
Medical Transcription -
University of Alabama At Birmingham
Birmingham, AL01-1996
Completed basic college prep courses
Gadsden State Community College
08-1994
Skills
- Underwriting guidelines
- Credit analysis
- Loan analysis
- Risk assessment
- Due diligence
- Document verification
- Compliance management
- Task prioritization
- Client relations
References
Upon Request
Timeline
Correspondent Lending Underwriter
Mortgage Investors Group
06.2015 - Current
Staff Underwriter
Renasant Bank
11.2011 - 06.2015
Loan Document Specialist IV- Retail Office
Wells Fargo Home Mortgage
08.2011 - 10.2011
Home Mortgage Associate
Signature Home Mortgage – Joint Venture of Wells Fargo
04.2010 - 07.2011
Loan Document Specialist IV/ Jr Underwriter
Wells Fargo Home Mortgage
11.2001 - 03.2010
Medical Transcription -
University of Alabama At Birmingham
Completed basic college prep courses
Gadsden State Community College