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Dennis Patterson
Loan Inspector
Summary
Highly experienced Loan Inspector with a proven track record of inspecting over 500 loan applications per month, ensuring compliance with underwriting guidelines and loan program requirements. Conducted field inspections of properties, verifying physical condition and conformity to appraisal reports. Identified and resolved discrepancies between loan applications and supporting documentation, ensuring accuracy and completeness. Utilized loan origination software to track and manage loan applications, inspections, and documentation. Worked closely with lenders, borrowers, and real estate agents to facilitate loan approvals and closings. Reviewed title reports and insurance policies to ensure proper ownership and encumbrances. Conducted thorough due diligence on loan applications, including credit history, income verification, and property analysis. Managed a team of inspectors, ensuring efficient and accurate completion of inspections.
Education
Bachelor’s Degree in Finance or a related field
November 2015
Skills
- Loan Origination
- Mortgage Processing
- Underwriting
- Quality Control
- Fraud Detection
- Automated Underwriting Systems
Work Experience
Loan Inspector
- Worked closely with lenders, borrowers, and real estate agents to facilitate loan approvals and closings.
- Reviewed title reports and insurance policies to ensure proper ownership and encumbrances.
- Conducted thorough due diligence on loan applications, including credit history, income verification, and property analysis.
- Managed a team of inspectors, ensuring efficient and accurate completion of inspections.
Loan Inspector
- Inspected over 500 loan applications per month, ensuring compliance with underwriting guidelines and loan program requirements.
- Conducted field inspections of properties, verifying physical condition and conformity to appraisal reports.
- Identified and resolved discrepancies between loan applications and supporting documentation, ensuring accuracy and completeness.
- Utilized loan origination software to track and manage loan applications, inspections, and documentation.
Accomplishments
- Identified and resolved over 100 potential loan defaults, preventing significant financial losses for the company.
- Developed and implemented a new inspection checklist that reduced loan processing time by 20% while maintaining accuracy.
- Trained and mentored new loan inspectors, ensuring they met the high standards of the companys inspection program.
- Successfully negotiated loan modifications and forbearance agreements, helping borrowers avoid foreclosure and maintain home ownership.
- Conducted thorough inspections of over 500 properties, ensuring compliance with appraisal guidelines and identifying any potential risks.
Awards
- Received the Loan Inspector of the Year award for exceptional performance in loan inspections.
- Awarded the Compliance Excellence Award for consistently meeting or exceeding regulatory standards in loan inspections.
- Recognized for Outstanding Customer Service for consistently exceeding expectations in assisting borrowers and lenders.
- Received a Team Achievement Award for collaborating with other departments to streamline loan inspection processes.
Certificates
- Certified Loan Inspector (CLI)
- Fannie Mae Certified Loan Officer (FICO)
- Freddie Mac Certified Loan Officer (FCL)
- Qualified Residential Mortgage Underwriter (QM)
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How To Write Resume For Loan Inspector
- Highlight your experience in loan origination, mortgage processing, and underwriting.
- Showcase your skills in quality control, fraud detection, and automated underwriting systems
- Emphasize your ability to work independently and as part of a team
- Demonstrate your knowledge of loan products, regulations, and industry best practices.
Essential Experience Highlights for a Strong Loan Inspector Resume
- Inspected loan applications for compliance with underwriting guidelines and loan program requirements
- Conducted field inspections of properties to verify physical condition and conformity to appraisal reports
- Identified and resolved discrepancies between loan applications and supporting documentation
- Utilized loan origination software to track and manage loan applications, inspections, and documentation
- Worked closely with lenders, borrowers, and real estate agents to facilitate loan approvals and closings
- Reviewed title reports and insurance policies to ensure proper ownership and encumbrances
- Conducted thorough due diligence on loan applications, including credit history, income verification, and property analysis
Frequently Asked Questions (FAQ’s) For Loan Inspector
What is the role of a Loan Inspector?
A Loan Inspector is responsible for reviewing loan applications and supporting documentation to ensure that they meet the requirements of the lender. They also conduct field inspections of properties to verify the physical condition and conformity to appraisal reports.
What are the key skills required for a Loan Inspector?
The key skills required for a Loan Inspector include loan origination, mortgage processing, underwriting, quality control, fraud detection, and automated underwriting systems.
What is the career path for a Loan Inspector?
The career path for a Loan Inspector can lead to positions such as Loan Officer, Underwriter, or Loan Processor. With additional experience and qualifications, they may also move into management roles.
What is the average salary for a Loan Inspector?
The average salary for a Loan Inspector in the United States is around $60,000 per year.
What are the advantages of being a Loan Inspector?
The advantages of being a Loan Inspector include job security, the opportunity to work in a fast-paced environment, and the chance to help people achieve their homeownership goals.
What are the challenges of being a Loan Inspector?
The challenges of being a Loan Inspector include the need to work long hours, the potential for high stress, and the need to travel frequently.
What is the job outlook for Loan Inspectors?
The job outlook for Loan Inspectors is expected to grow faster than average in the coming years due to the increasing demand for housing loans.
What is the best way to prepare for a career as a Loan Inspector?
The best way to prepare for a career as a Loan Inspector is to obtain a bachelor’s degree in finance or a related field. Additionally, it is helpful to gain experience in loan origination, mortgage processing, or underwriting.