Vernon K. Olsen has over 20 years of experience in various roles in the mortgage industry including underwriting, processing, and sales. He is proficient in numerous mortgage lending software programs and underwriting guidelines. The document provides details on his professional experience as a mortgage underwriter for several companies, demonstrating his strong underwriting skills and ability to assess risk and ensure compliance.

1. Vernon K. Olsen
(919)780-1374 or volsen1465@gmail.com
Overview:
 20+ years Frontline in the mortgage industry with experience in underwriting, processing
and sales as a (decisioner/underwriter at Wells Fargo, BB&T and Citi, and Recovco )
 Utilized a variety of mortgage lending software including- LPS, DO, DU, LP, GUS, LIS,
Calyx, and CLUES and proficient with MS Word, Excel and Outlook, Encompass,
Mortgagebot, Opus, Kaizen.
 Extremely detail oriented and able to assess risk and recently held underwriting
responsibility for $750,000.00 with Citi. Exceptional at Manual Underwriting and Self
Employed Borrowers (Tax Returns). Obtained and Assessed all necessary information and
documentation for loans, such as- appraisals, FHA case #'s,92800.5b reviews, GSA,
Caivers, obtained title, surveys, verification of employments, credit reports, mortgage
history and personally verified and ensured that each loan meets the investor, state and
federal regulations.
 Excellent organizational and prioritizing skills and able to multi task and complete quality
work in a timely fashion. Exceptional team player with superior communication skills and
ability to work in a fast paced productions environment
Professional Experience:
Mortgage Underwriter III
NMI/ Indecomm Global
05/2015 to Present
Responsibilities
Perform detailed credit and property underwriting analyses of mortgage loans from Non- Delegated
Correspondents to ensure that loans satisfy NMI Guidelines for Mortgage Insurance. Approve acceptable
loans within designated loan programs and within delegated lending authority.
• Perform detailed pre-funding underwriting analyses on Conforming, Super Conforming and Jumbo. Review
Tax Returns for Self Employed Borrowers for Income and stability. Approve acceptable loans within delegated
lending authority. Both pre and post close purchases
• Perform detailed pre-funding underwriting analyses on more complex mortgages exceeding the conforming
loan limit and complex self-employed borrowers which pose higher credit risk. Approve acceptable loans
within delegated lending authority. standards.
• Comprehensive fraud analysis and reviewed for wholesale and consumer lending loan files.
• Frontline Underwriting working closely with originators, processors, Clients and closers to expedite loans
for closing and compliance
• Reviewed of Conventional and Government based loan products according to investor, GSE and
Government guidelines
• Reviewed and audit loan files for regulatory compliance and regulations.
• Issued Due Diligence for underwriting conditions to correspondent sellers.
• Pull AUS (DU/LP) findings based upon internal underwriting to ensure accuracy of loan approval.
• Corresponded with banks and investors throughout loan process.

2. Recovco Mortgage Forensic Underwriter
6/14 – 03/15 (Contract Employee)
These are short term contract assignments based with multiple companies utilizing my many
years of Frontline and Wholesale knowledge of the Mortgage Industry. Responsibilities included
but not Limited to:
 Perform Employment Review and Investigation of Documents
 Perform Loss Mitigation Review and Investigation of Documents
 Perform Self Employed Review and Income Investigation of Documents
 Perform Wage Earner and Retirement Income Review and Investigation
 Perform Asset Verification Review and Investigation of Documents
 Perform Property Search Review and Investigation
 Perform Credit Review and Investigation
 Perform HUD-1 Review and Investigation
 Perform Occupancy Review and Investigation
CitiMortgage Credit Underwriter 3 Safe Act
3/13 – 2/14
 Provide prompt, courteous and excellent service at an acceptable cost to all customers and
operate in accordance with the company's Statement of Business Practices, Affirmative Action
Diversity and other standards.
 Actively cooperate and interact with all entities of Citigroup.
Perform credit and property analysis on conventional loan files submitted within the time frame
established by departmental management, Fannie Mae and Freddie Mac
 Adequately and effectively explain in written and verbal form the decision reached in a manner
that will maintain a positive relationship with all customers.
 Perform timely reviews of conditions submitted, as well as loan resubmissions.
 Analyze challenging loan packages to render sound credit solutions.
 Provides exemplary customer service to both internal staff and external customer by explaining
credit decision and offering alternative options when needed.
 Maintain quality and production standards as defined by business.
 Perform other job-related duties and special projects as required.
 Frontline Underwriter communicating with Brokers, Processors, and Clients.
BB&T/ADECCO ML Correspondent Lending Underwriter III 05/12 -
02/13
Perform detailed credit and property underwriting analyses of mortgage loans from Correspondents to
ensure that loans satisfy BB&T and Investor guidelines. Approve acceptable loans within designated loan
programs and within delegated lending authority.
 Perform detailed pre-funding underwriting analyses on Conforming, Super Conforming and
Jumbo, FHA,VA, and USDA loans for both credit and documentation deficiencies and determine
marketability of each loan. Approve acceptable loans within delegated lending authority. Both pre
and post close purchases
 Perform detailed pre-funding underwriting analyses on more complex mortgages exceeding the
conforming loan limit and complex self-employed borrowers which pose higher credit risk.
Approve acceptable loans within delegated lending authority.
 Perform detailed pre-funding underwriting analyses on all construction/perm loans for both credit
and appraisal characteristics. Approve acceptable loans within delegated lending authority.

3.  Perform post-purchase credit and property reviews on loans purchased from Correspondents
with Delegated Underwriting Authority.
 Provide assistance and direction to Correspondents on issues regarding BB&T, FHLMC, and
FNMA lending policies, procedures, and compliance issues.
 Correspond with MI companies regarding loan approvals, securing required information, and
clarifying BB&T and/or Investor guidelines.
 Request additional information and/or documentation from Correspondents as needed.
 Assist other Department personnel in interpreting underwriting changes and distributing
information to Correspondents.
 Other duties as assigned.
 Frontline Underwriter communicating with Brokers, Processors, and Clients.
Consumer Loan Underwriter
Wells Fargo Home Mortgage, Raleigh, NC 2010- 2012
 Provide prompt, courteous and excellent service at an acceptable cost to all customers and
operate in accordance with the company's Statement of Business Practices, Affirmative Action
Diversity and other standards.
 Actively cooperate and interact with all entities of Citigroup.
Perform credit and property analysis on conventional loan files submitted within the time frame
established by departmental management, Fannie Mae and Freddie Mac
 Adequately and effectively explain in written and verbal form the decision reached in a manner
that will maintain a positive relationship with all customers.
 Perform timely reviews of conditions submitted, as well as loan resubmissions.
 Analyze challenging loan packages to render sound credit solutions.
 Provides exemplary customer service to both internal staff and external customer by explaining
credit decision and offering alternative options when needed.
 Maintain quality and production standards as defined by business.
 Perform other job-related duties and special projects as required.
 Frontline Underwriter communicating with Brokers, Processors, and Clients.
CV Marketing & Commercial
CEO/Underwriter, Raleigh, NC 2005 – 2010
 Managed and ran daily operations with 22 direct reports including processing, sales/loan officers,
telemarketing and loan closing department. Obtained guidelines to comply with all HUD rules,
regulations and guidelines
 Underwrote loans (manually and automated) and reviewed credit reports to determine eligibility of
potential consumers. Underwrote loans for FHA, Conventional, Jumbo, VA, and Refinance.
Interviewed, hired, trained, and responsible for performance reviews, terminations, paying
invoices, maintained office, negotiated pricing with vendors, accounting and payroll, and P&L
(overhead, marketing/lead generation/networking/refinancing/purchasing.)
 Educated public on benefits of owning versus renting while loaning to those that fit the model
within means. Wrote/revised/enforced standard operating procedures of including lender specific
guidelines (loan compliance/documentation and daily operations.
 Reviewed insurance, title and appraisal documents for accuracy and validity. Coordinated loan
closings with attorneys, borrowers, sellers, realtors and lenders. Developed and implemented
marketing strategies and business development goals. Involved with mortgage sales and
marketing.
 Frontline Underwriter communicating with Brokers, Processors, and Clients.
Wholesale Manager

4. Westar Mortgage, Raleigh, NC 2001 – 2005
 Increased sales volume to over fifteen million dollars per month
 Management of loan officers, AE’s and back house staff
 Underwrite loans for FHA, Conventional, Jumbo, VA, and Refinance
 Managed warehouse lines and implemented daily rate sheets based on market
 Staffed the wholesale division within the state of North Carolina
 Created and developed relationships with mortgage brokers
 Started as a Frontline Underwriter and was promoted to Wholesale Manager
Loan Officer
Small Business Administration Disaster Relief, Raleigh, NC 1999 – 2001
 Assisted disaster victims in obtaining low interest federal and state loans and grants
Liberty National Mortgage, Raleigh, NC
Loan Origination Officer/ Assistant Branch Manager 2006 - 1999
 Originated, processed, and pre- underwriting, loans for FHA, Conventional, Jumbo, VA, and
Refinance
Education:
1994 Howard, Perry and Waltson School of Realtors
1983 United States Navy School of Computers and Navigations
1987 Prudential Insurance Licensing: Life, Health, P&C, Series 6