Tammi E.

Vargas
327 Warsaw St. ~ East Norriton, PA 19401 ~ (215) 806-3185-Cell
tammivargas@verizon.net

SUMMARY: I am a highly motivated and focused professional with 18 years in the

mortgage banking industry. I am an analytical thinker with the ability to handle
aggressive deadlines, juggle multiple responsibilities, and maintain a passion f
or the
industry. I possess exemplary leadership skills in operations, underwriting, clo
sing,
and pricing. My goals are to meet and exceed the tasks set forth by my superior
and
company as a whole.

KNOWLEDGE of: Calyx Point, DataTrac, Loan Prospector, Desktop Underwriter,

Emagic, LPS, LIS, Outlook, Word, Excel, PowerPoint, Management, Processing,
Underwriting, Secondary Market, and Sales

WORK HISTORY:
Wells Fargo Home Mortgage (Retail) - Chester, PA April 2009 - Present
DE Underwriter
. Underwrite Conventional, FHA and Streamline FHA & VA mortgage loans to ensure
compliant with applicable guidelines.
. Evaluate the credit and property documentation to accurately decision the acce
ptability
of the investment risk
. Maintain a daily workload as needed to ensure prompt turnarounds times
. Condition loans accordingly in conjunction with AUS findings or alternative pr
ogram
guidelines.
. Evaluate residential mortgage loans on a timely basis based on sound underwrit
ing
decisions
. Approve, decline, or suspend residential mortgage loan submissions
. Measure all mortgage loan submission for underwriting decisions based on compa
ny
quality control plans and investor/regulatory compliance
. Develop alternatives/counteroffers for potentially declined loans to encourage
relations
with Home Mortgage Consultants/Loan Officers
. Provide prompt, quality service to the Home Mortgage Consultant s in a friendly
and
professional manner
Wells Fargo Home Mortgage (Retail) - Chester, PA Jan 2009 April 2009
Contract Underwriter
. Underwrite Conventional loans to ensure compliant with applicable guidelines.
. Evaluate the credit and property documentation to accurately decision the acce
ptability
of the investment risk - Review appraisals to confirm adequate collateral
. Maintain a daily workload as needed to ensure prompt turnarounds times
. Condition loans accordingly in conjunction with LP/DU AUS findings and guideli
nes
. Evaluate residential mortgage loans on a timely basis based on sound underwrit
ing
decisions
. Approve, decline, or suspend residential mortgage loan submissions
. Measure all mortgage loan submission for underwriting decisions based on compa
ny
quality control plans and investor/regulatory compliance
. Develop alternatives/counteroffers for potentially declined loans to encourage
relations
with HMC
. Provide prompt, quality service
Wilmington Finance Plymouth Meeting, PA Nov 2007 Dec 2008
Corporate Underwriter (FHA)
. Manage daily workflow issues, Loan prioritization / pipeline management.
. Act as liaison between the client and underwriting
. Work in conjunction with Account Executive in building broker relationships
. Provide quality loans for the company by underwriting and evaluating residenti
al
mortgage applications originated by the company s branch offices based on company
quality control plans and investor/regulatory compliance.
. Communicate issues/decisions to management / brokers / sales force.
. Collect and analyze credit reports, financial statements and appraisals
. Price Loans accurately and strategically to maximize Secondary Marketing incom
e.
. Approve, suspend, or rejecting residential loans within authority limits
. Keep informed of current practices in loan underwriting
. Consult with various partners to ensure all underwriting conditions are met pr
ior to
closing
. Work with outside vendors such as appraisers, title companies/closing agents,
etc.
. Work with FHA Home Ownership Center through loan origination/post origination
process

Wells Fargo Home Mortgage (Wholesale) - King of Prussia, PA March 2003 Nov 2007
DE Underwriter
. Underwrite Conventional, FHA and Streamline VA mortgage loans to ensure compli
ant
with applicable guidelines.
. Evaluate the credit and property documentation to accurately decision the acce
ptability
of the investment risk - Review appraisals to confirm adequate collateral
. Maintain a daily workload as needed to ensure prompt turnarounds times
. Condition loans accordingly in conjunction with AUS findings or alternative pr
ogram
guidelines.
. Evaluate residential mortgage loans on a timely basis based on sound underwrit
ing
decisions
. Approve, decline, or suspend residential mortgage loan submissions
. Measure all mortgage loan submission for underwriting decisions based on compa
ny
quality control plans and investor/regulatory compliance
. Develop alternatives/counteroffers for potentially declined loans to encourage
relations
with Brokers and Account Executive
. Provide prompt, quality service to the originating brokers in a friendly and p
rofessional
manner
. Face to face broker training of underwriting process and programs and guidelin
es
. Office support order supplies, and phone, fax, server and computer issues
. Volunteer for projects Project Champion for Direct Express and Pony Express
. Business Continuity Plan Team Lead

Tammi Vargas Page 2

Wells Fargo Home Mortgage (Wholesale) - King of Prussia, PA
Production Supervisor June 2002 March 2003
. Profit and Loss analysis and heavy correspondence with Regional Sales Manager
to
project sales goals and forecast model
. Approve Web time, Profiler, and SMS requests
. Execute Managing Premier Performance reviews
. Recruit, interview, counsel, discipline, train, and develop team members to me
et
expectations
. Expanded department
. Guide and assist team members with systems transitions (Dynatek to LPS)
. Demonstrate leadership abilities and oversee Pricing, Receiving/Submissions, F
ile
Management (Iron Mountain), and Front Desk/Receptionist responsibilities.
. Pre-Fund process, SSN, Fraud and Property Alerts, and HMDA File Audit
. Evaluate options for the customers, and finalize in an exemplary manner.
. Apply penalties to loans according to applicable policies.
. Create policies and procedures for the pricing department and ensure proper
communication internally and externally.
. Maintain and monitor unapproved broker, advance lock and advanced locks expire
d over
30 days reports.
. Broker administration duties
. Additional duties performed if required and requested by Branch Manager

Wells Fargo Home Mortgage (Wholesale) - King of Prussia, PA

Pricing Specialist Team Leader October 2001 May 2002
. Work independently; deal with difficult situations with considerable tact and
professional
courtesy.
. Reduce/eliminate pricing deficiencies
. Process rate lock requests, extend locks, re-lock and renegotiate locks/loans.
. Process loan revision requests on previously locked loans, apply underwriting
and pricing
policies, review loan status to evaluate and determine the best pricing and prog
ram
option for the broker.
. Maintain loan submission and rate lock forms.

EDUCATION
. University of Phoenix, Phoenix, AZ - online

Strayer University, King of Prussia, PA - online

Continuing Education for Degree in Business Management
. Conestoga High School, Berwyn, PA

Academic High School Diploma, June 1988

REFERENCES & ACCOMPLISHMENTS

Available upon request

Tammi Vargas Page 3