Mojgan Izadi

Experience

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  Busey Bank

  Jan 1999 - Feb 2013

  AVP/ Senior Underwriter/ FHA/VA

  • Underwrote residential loans using various automated underwriting systems and implemented different guidelines, policies, and procedures of secondary market companies, Down Payment Assistance agencies, and government agencies such as FHA, VA, USDA, and IHDA.• Maintained high quality, quantity, and accuracy of standards and showed excellent results in an ongoing quality control audit.

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  Hickory Point Bank & Trust

  Feb 2013 - May 2015

  Assistant Vice President/Sr. Underwriter, FHA, VA

  • Established the region’s underwriting centers—developing the guidelines and operational processes, recruiting team members, performing team training on corporate standards and regulations, and overseeing the strategic direction and management of the underwriting team members.• Established and implemented connections between the Bank and HUD, VA, USDA, and the Illinois Housing Development Authority (IHDA) and served as their sole administrator. • Completed test cases for the Bank to be able to lend and underwrite FHA and VA loans on a delegated basis.• Served as the team’s loan product expert, resolving complex situations involving loan and agency guidelines and complicated income calculations for operations and production staff. Show less

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  Wells Fargo Home Mortgage

  Jun 2015 - Oct 2019

  Mortgage Underwriter (LO) FHA/VA

  • As part of the National Decision Support (NDS) team, responded to disputed decisions and evaluated high-value loan products and exception requests requiring detailed manual assessment beyond automated tools. • Analyzed and decided on the most complex financial and credit information for high-dollar loans with higher aggregate credit exposure beyond the other underwriters' decision authority. • Participated in different pilot programs in the company, which resulted in finding different financing opportunities. Show less

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  Guild Mortgage

  Oct 2019 - Jan 2022

  Underwriting and Processing Manager

  • Managed a team of 24 underwriting and processing mortgage professionals while streamlining workflow and process to meet and exceed the KPIs by at least 30%, which resulted in monetary savings and led the branch to be ranked number 1 in customer satisfaction month after month. • Provided guidance and oversight on complex situations, training on the company and regulatory best practices, constructive feedback, and coaching on growth opportunities. • Led the underwriting department performance across a portfolio of products, including VA, FHA, Conventional, and Jumbo. Created and trained a group of 6 renovation loan underwriters and collaborated with the Head of Credit Risk to develop the company's Bridge loan product. • Proactively engaged in loan negotiations and all loan exceptions, demonstrating flexibility and acumen in making credit decisions to balance customer needs and institutional risk. Show less

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  Doorway Home Loans

  Feb 2022 - Feb 2024

  VP Underwriting and Credit Policy

  • Oversaw the strategic direction and operations for a top-performing underwriting division—motivated and coached a diverse team, implemented strong systems and procedures, orchestrated organization-wide training and development opportunities, and drove performance in alignment with corporate strategy, investors, and government regulations. • Helped create Non-QM Portal for brokers, Document set buckets and Condition lists in Encompass, non-QM milestones in Encompass and assigned tasks to each milestones. • Led a team of 8 direct reports and supported a broader team of Processing and Regional Operating Managers—directed workflows and priorities, assessed performance, and developed talent.• Served as a resource and nationwide subject matter expert on non-QM (DSCR, Bank Statement, ITIN, P&L, Asset Utilization, and Foreign National) and QM (Conventional, FHA, VA, USDA and, Jumbo) Loan programs, as well as served on the company’s Repurchase Loan Committee, resolving complex transactions and escalations.• Developed and led company-wide training strategies, leveraging expertise in lending practices, government regulations, and market trends to present compelling educational sessions bolstering company employees' capabilities.• Was responsible for developing, maintaining, and enforcing mortgage loan guidelines systems and policies, quality control standards, underwriting audits, and leveraging a deep understanding of mortgage banking and financing best practices to ensure salability and compliance with regulations.• Cultivated strong relationships with senior government officials, including stakeholders at the Federal National Mortgage Association (FNMA), Federal Home Loan Mortgage Corporation (FHLMC), Federal Housing Administration (FHA), and Veterans Affairs (VA)—joining meetings on policies and standards. Show less