Summary
Overview
Work History
Education
Skills
Certification
Timeline
Generic

Michael Clement

Eagan,MN

Summary

Senior mortgage underwriting professional with an expansive history in lending and credit evaluation. Experience includes all types of agency and non-qualified mortgage transactions. Recognized for sharp analytical & critical thinking, problem solving and big picture interpretation while adhering to creditworthiness standards. Proven ability to collaborate with all owners of transactions resulting in an enhanced customer experience.

Overview

27
27
years of professional experience
1
1
Certification

Work History

Consumer Mortgage Underwriter 3

US Bank
04.2017 - 05.2025
  • Underwrote and determined the credit worthiness of all types of conventional loan with signing authority to $2,000,000.
  • Approved or denied loans based on established criteria and underwriting guidelines.
  • Determined credit risks by reviewing files in advance and comparing data against internal checklists and guidelines.
  • Identified possible fraud risks through meticulous evaluation of application materials, protecting all parties from potential losses.
  • Analyzed and verified applicant income, assets and credit history to support compliance with underwriting guidelines.
  • Maintained open lines of communication with internal stakeholders such as processors, closers, and sales representatives to ensure a seamless mortgage underwriting process.
  • Key Stakeholder in the development, testing and roll out of the new Cloud Net Oxygen System.
  • Provided comprehensive explanations of loan terms and conditions to clients, ensuring full understanding before finalizing agreements.
  • Provided continued support for Underwriters after implementation of Cloud Net Oxygen.

Mortgage Loan Underwriter

Sterns Lending INC
10.2016 - 04.2017
  • Underwrote and evaluated the marketability of conforming mortgage applications.
  • Worked with the sales department on developing working relationships with real estate professionals establishing beneficial business relationships.
  • Improved loan approval rates by meticulously reviewing and analyzing applicant financial documents.
  • Conducted comprehensive credit analysis to determine borrower eligibility and minimize default risks.
  • Provided detailed feedback on loan decisions, effectively communicating with both internal stakeholders and applicants.
  • Reviewed appraisals and title documents to verify accuracy and completeness.
  • Negotiated with loan officers, processors and loan applicants to reach satisfactory loan terms.
  • Monitored pipelines to track and log status of loans.

Consumer Loan Underwriter 3

Wells Fargo Home Mortgage
08.2010 - 09.2016
  • Trained and audited new underwriters in underwriting theory and execution.
  • Worked with several levels of management across departments to facilitate smoother customer experience while maintaining appropriate underwriting standards.
  • Assisted in building relationships between departments to enhance client satisfaction and loyalty.
  • Provided ongoing coaching in underwriting theory to new underwriters and processors.
  • Minimized turn times through implementation of best practices and common-sense underwriting.
  • Identified areas of over-conditioning and suggested opportunities to improve efficiency.
  • Researched and evaluated risk and marketability of all types of credit scenarios using conventional guidelines for the purchase or refinance of properties for conventional resources.
  • Checked titles, insurance coverage, and appraisals for properties.
  • Approved, declined, or counter-offered loans up to $1.5 Million.

Mortgage Underwriter

Talent tree / Wells Fargo Bank
07.2007 - 08.2010
  • Reviewed complex loan transactions for completeness and adherence to industry standards.
  • Acted as on sight primary underwriter for a team of six processors.
  • Negotiated with loan officers to provide the best benefit to clients when necessary.
  • Assisted team members in communicating loan decisions and rational to applicants.
  • Underwrote up to 80 loans per month with consistent loan quality and conditioning.
  • Trained new staff on the basics of underwriting guidelines and theory.
  • Increased customer satisfaction by providing timely feedback on application status and addressing potential issues promptly.

Community Loan Underwriter / Sales Executive

Wachovia Bank
09.1998 - 07.2007
  • Underwrote all types of conventional and adjustable-rate loans.
  • Oversaw all stages of loan processing, data entry and document collection.
  • Increased submission to funding ratios by overcoming client objections.
  • Participated in loan closing activities ensuring compliance and client understanding.
  • Ensured loan compliance through guideline monitoring and implementation.
  • Managed all Upper Midwest Region loans originated within the national lending territory.
  • Evaluated out-of-state funding ratios by collaborating with appropriate underwriting managers.
  • Developed strong working relationships with internal and external stakeholders, fostering a collaborative environment to facilitate timely loan processing.
  • Contributed to a reduction in processing times by approximately 25% through coordinating with other departments for prompt document retrieval and verification.

Education

Bachelor of Arts - Journalism & Mass Communication

University of Wisconsin
Eau Claire, WI
05-1995

Skills

  • Risk evaluation and fraud detection
  • Relationship building
  • Income, Asset and Credit Analysis
  • Alternative documentation review
  • Residential mortgage lending underwriting guidelines
  • Analytical and critical thinking
  • Creditworthiness determination
  • Decision-making
  • Net Oxygen, Doc Velocity and Cloud systems
  • Jumbo and super jumbo loans
  • Active listening and learning

Documentation review

Certification

FHA Direct Endorsement Underwriting

Timeline

Consumer Mortgage Underwriter 3

US Bank
04.2017 - 05.2025

Mortgage Loan Underwriter

Sterns Lending INC
10.2016 - 04.2017

Consumer Loan Underwriter 3

Wells Fargo Home Mortgage
08.2010 - 09.2016

Mortgage Underwriter

Talent tree / Wells Fargo Bank
07.2007 - 08.2010

Community Loan Underwriter / Sales Executive

Wachovia Bank
09.1998 - 07.2007

Bachelor of Arts - Journalism & Mass Communication

University of Wisconsin

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