Advanta Finance Corporation Work Values

Daily Duties at Advanta Finance Corporation:

Underwrote Alt-A and Sub-Prime products; reviewed all residential mortgage loan application files and accompanied documentations to assure that the loans met with agency, portfolio and investor underwriting guidelines. Reviewed loan exceptions, loan scenarios and serves as a final approver for approved/declined/counter offered loans for all loans underwritten exceeding Underwriter’s signing Authority. Signing authority of up to $1.0 Million. Identifies areas of deficiencies and provides feedback to lower level underwriters. Re-evaluate and underwrite complex, high risk & high profile loan applications. Re-evaluation and analysis of possible loans for the Secondary Market sale to ensure loans meet the Secondary Market requirements. Making sure that all brokers and account executives guideline questions and loan structures and other customer service relation issues is met. Supported the development and implementation of policies and procedures as well as reviewed and approved forms and all related operational procedures to ensure compliance. Researched and interpreted controlling documents as issues arise with loan fundings, collateral, reporting and remitting to investors; Responsible for all audits ensuring all lines of business are in compliance with corporate, investor and all government agency guidelines. Provides recommendations that will improve external controls and add value and create greater efficiencies with respect to operations and financial reporting; Was responsible for team of 15 employees. Managing Sr. & Jr. Underwriters and Processors. Duties include Monthly Scorecards, Quarterly/Mid-Year & Yearly reviews. Ensured daily prioritization of work and training for the operations and production staff.

What they like about Advanta Finance Corporation:

Organizations with strong, centralized leadership are particularly attractive to you. You require a work environment with leadership that aggressively seeks to expand and grow the business and does so in a visible and decisive manner. In general you prefer to work in an environment in which there is a strong link between leadership, its actions, and a strong set of company-wide values.

Tags

Mortgage Underwriting, Internal Audit, Credit Analyst, Senior Underwriter, Prime Loan, Alt A Loans, Bankruptcy Loans, Loss Mitigation, Foreclosure, Making Home Affordable, FNMA, FHLMC, HARP, DURP, Attorney Audit, Loan Servicing, Operations Manager, Mortgage Underwriting Supervisor, Correspondent Lending

Skills

Underwriting and Audit of Prime, Alt A, Sub-Prime and Government Loans, Managed audits, resolves issues and completion of final reports, Budget, Profit and Loss Statement Analysis, Self-Employed Income Analysis, MHA, DURP & HARP , FNMA & FHLMC, Attorney Audits and Internal Audits, MS Office - Word, Excel, Outlook, PowerPoint, Adobe Acrobat, Lotus Notes, Netox, Calyx Point, DataTrac, Pulse, Loan Smith, DRI, MSP, LenderLive, VendorScape, Agent Desktop & WAM, DU, LP, HSSN, CLOUT, CLUES, Magic, FraudGuard, LexisNexis

These are some of the questions we asked our climbers about their experiences with Advanta Finance Corporation: