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Dorothy Salgado

Dorothy Salgado

Sr. Processor

Followers of Dorothy Salgado335 followers
location of Dorothy SalgadoSuccasunna, New Jersey, United States

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  • Timeline

  • About me

    Senior Underwriter - DE CHUMS & VA LAPP SAR and Owner of The Boo and The Bean Shop

  • Education

    • Penn Foster

      2017 -
      I am currently working on obtaining my bachelors Business/Managerial Economics 4.0

    • Rutgers, The State University of New Jersey-New Brunswick

      1998 - 2004

  • Experience

    • Trust Company Bank of New Jersey

      Jan 1999 - Nov 2003
      Sr. Processor

    • Rose Mortgage

      Jan 2003 - Jan 2005
      Underwriter/Closer

    • American Financial Resources, Inc. (AFR Mortgage)

      Dec 2005 - Dec 2015
      Team Leader/ DE Underwriter/ VA Underwriter SAR and LAPP

      Underwrote and managed a team of underwriters under the Renovation Products under the FNMA Homestyle, FHA 203k products, HUD 203b with repair escrows including construction to permanent financing offered through HUD and VA for National Wholesale and Correspondent Divisions. Tasks included daily team underwriting production, file management, suspense reviews, secondary reviews, pre-closing and post-closing quality control loan audits and responses, HUD/VA deficiency notice resolutions and responses, clearing post-closing insurance errors, and training, assisted in new product roll-out, and daily/weekly managerial duties. Daily communication on files with brokers and clients as well as provided guidance on loan scenarios. Show less

    • Eagle Home Mortgage

      Jan 2016 - Apr 2018
      Sr. Underwriter - VA LAPP SAR, DE, Conventional and Non-Agency

      Senior Underwriter for retail residential division adhering guidelines to ensure meets Agency, Non-Agency, government and secondary guidelines for conventional (Fannie and Freddie), FHA/VA and non-conforming products. Full credentials for VA- LAPP SAR and DE Underwriting authority. Completion of full file (credit, income, assets) review including title and appraisal review and issuance of VA notice of values within 5 days receipt of appraisal report in accordance to VA provisions, apply risk review to ensure all requirements and appendix q provisions are met and secondary such as Ginnie Mae provisions. Assist in loan scenarios and maintain communication to internal staff and sales for professional customer service. Responsible for maintaining pipeline and files reviewed within company specified turn times as well as assisting on builder channel when needed. Show less

    • MLD Mortgage Inc./DBA The Money Store

      Apr 2018 - Dec 2020
      Credit Risk Manager

    • United Mortgage Corp.

      Dec 2020 - Oct 2021
      Operations branch manager/ underwriter

    • Family First Funding LLC

      Nov 2021 - Jan 2023
      Senior Underwriter

  • Licenses & Certifications

    • FHA CHUMS ID

      Federal Housing Administration and HUD Office of Housing
      Jan 2011

    • VA LAPP SAR

      U.S. Department of Veterans Affairs
      Jan 2009