Michael Farley
Senior Mortgage Underwriter | Real Estate & Compliance Leader | Making Informed Decisions to Minimize Risk and Maximize Quality
- Role
- Senior Mortgage Underwriter Conforming & Non-conforming Conventional & Government Underwriter at Allied Mortgage Group Inc.
- Location
- Philadelphia, PA, US
- LinkedIn followers
- 500 followers
About Michael Farley
As a passionate and data-driven Senior Underwriter, I thrive on delivering exceptional…
Experience
Senior Mortgage Underwriter Conforming & Non-conforming Conventional & Government Underwriter
Apr 2021 — Present · Bala-Cynwyd, PA, US
Reviews and analyzes FHA, Fannie Mae, Freddie Mac, and Correspondent Investor loan files using automated underwriting systems. Verifies compliance with internal and external underwriting standards while maintaining quality and accuracy in all submissions. Prioritizes workflow to manage high-volume file reviews efficiently, aligning with organizational goals. Assesses borrowers\' financialdocumentation to determine eligibility and repayment capacity while mitigating risks. Maintains detailed documentation of underwriting decisions to ensure consistency with investor and GSE guidelines.• Underwrote $76M in residential mortgage volume in 2023, ranking 6th out of 15 underwriters and in residential mortgage volume in 2024, achieving 5th position within the team.• Received certification to underwrite State Bond Loans for Pennsylvania Housing Finance Agency, New Jersey Housing and Mortgage Finance Agency, and Delaware State Housing Authority.• Selected as one of two underwriters for the SMART UW Pilot Program, providing actionable feedback to enhance underwriting processes and improve usability.• Chosen to underwrite a new Home Equity Loan product with Georgia Banking Company in 2024, contributing to expanded sales opportunities for loan officers and borrowers.• Ranked sixth in loan-funding rates within a team of 19, contributing to $80M in funded loans in FY 2022.• Restructured and approved declined loans, ensuring alignment with underwriting regulations and increasing approval rates.• Improved communication efficiency by expediting approval notifications and status updates for clients and stakeholders.• Strengthened client relationships through proactive communication and comprehensive follow-through.
Education
Penn State University
Bachelor of Arts - BA
1991 — 1995
Skills
- Fha
- Leadership
- Mortgage Lending
- Underwriting
- Real Estate
- Negotiation
- Sales Management
- Credit
- Sales
- Customer Satisfaction
- Training
- Management
- Team Building
- Marketing
- Customer Service
- Portfolio Management
- Loans
- Banking
- Budgets
- Mortgage Banking
- Finance
- Customer Relationship Management (Crm)
- Analysis
- Crm
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