Edward Castro
Corona
Summary
Mortgage professional with extensive experience at Wells Fargo, specializing in risk assessment and client counseling. Successfully managed high-volume pipelines while consistently achieving sales goals. Demonstrated strong attention to detail and problem-solving abilities, fostering client relationships and ensuring satisfaction through effective communication and strategic underwriting support.
Overview
25
25
years of professional experience
1
1
Certification
Work History
Life Insurance Agent
New York Life Insurance Co
San Dimas
02.2024 - 05.2025
- Developed and maintained relationships with clients to ensure customer satisfaction.
- Resolved customer issues in a timely manner while providing excellent customer service.
- Assisted customers in selecting the right life insurance coverage for their needs.
- License No: 4361558
Senior Mortgage Loan Underwriter
Wells Fargo Home Mortgage
San Bernardino
07.2010 - 01.2023
- Pulled property profile reports to verify ownership and date of subject property and track record
- Handled multiple transactions in the pipeline and execute thorough due diligence
- Update respective documents into CORE and server accordingly
- Follow Company guidelines when performing due diligence on Borrower and Asset
- Verified pricing and terms are correct once all data and underwriting was completed
- Confirm entity ownership structure and identify Guarantors, Managers/Members and Authorized Signers
- Identify key risks and mitigants on a Borrower and Asset level during underwriting
- Closely collaborate with third parties such as loan officers and processors to ensure an efficient and timely closing
- Analyze rent rolls, bank statements, credit reports, background reports, rehab budgets, scope of work, appraisals and additional items depending on loan submission
- Borrower and Loan Officer facing role where effective communication will be key to obtain documentation and additional clarification needed to underwrite the loan request
- Underwrite on a Borrower level and an Asset level
- Manage pipeline of assigned files and ensure turnaround times are being met
- Experience looking at Operating Agreements, Limited Partnership Agreements and Corporation documentation
- Ability to adapt quickly to new processes and systems
- Experienced in excel
- No modeling experience required, but a solid understanding of the functions/formulas involved is preferred
- Proficiency in Microsoft Office Suite.
Mortgage Loan Underwriter
US Advocate Law Group
Laguna Niguel
05.2009 - 07.2010
- Loan modification negotiator
- Underwrote and prepared loan mod packages, per bank and government guidelines (HEMP, and others)
- Then submitted package to bank for review
- Followed up with bank, loss mitigation dept., on a weekly basis to verify status of mod review
- Negotiated postponements of sale dates, balance and rate reductions with a pipeline of over 150 clients.
Mortgage Loan Underwriter
Tripoint Mortgage Group
Irvine
12.2007 - 02.2009
- Underwrote 6-8 files daily, including modification to loan terms
- Work direct with HUD, Fannie-Mae and Freddie-Mac
- Fast paced environment working with loan officers, wholesale representatives.
Senior Account Executive
Resmae Mortgage Corporation
Brea
06.2005 - 10.2007
- Managed over 45 mortgage broker offices
- Ensure high levels of customer satisfaction for repeat and referral business
- Pre-audit on all levels of credit, income, reserve, asset and collateral prior to submissions to wholesale channel
- Member of the prestigious “Circle of
- Champions” top 10 Account Executives, averaging sales volume of $8 million monthly.
Senior Account Executive
Aames Home Loans
Irvine
07.2002 - 06.2005
- Number one objective was to produce and close loans
- Awarded “Rookie of the Year”, exceeding company goals averaging in sales volume of $10 million monthly
- Effectively started as a mortgage underwriter, transferred to sales of non-conforming loan products.
Mortgage Loan Underwriter / Senior Account Executive
Aames Home Loans
Irvine
07.2002 - 06.2005
- Number one objective was to produce and close loans
- Awarded “Rookie of the Year”, exceeding company goals averaging in sales volume of $10 million monthly
- Effectively started as a mortgage underwriter, transferred to sales of non-conforming loan products
- Started with Aames Home Loans as a mortgage loan underwriter
- Required minimum of 7 loans to be underwritten daily, with a signing authority of $2 million for non-conforming loans, included term modifications on existing approvals
- Risk evaluation of credit, income, asset, and collateral: worked cohesively with sales force in meeting company revenue goals
- Worked as an underwriter until 6/04, then was promoted as an account executive.
Mortgage Loan Underwriter
BNC Mortgage
Irvine
03.2000 - 06.2002
- Assignments required minimum of 7 loans to be underwritten daily, with a signing authority of $1.5 million for conforming and non-conforming loans, included term modifications on existing approvals
- Risk evaluation of credit, income, asset, and collateral: worked cohesively with sales force in meeting company revenue goals.
Education
Certified Training - Real Estate Loan Underwriting, Tax Return Analysis and Evaluation
Fannie Mae's Housing Institute
Skills
- Market analysis
- Client counseling
- Financial history review
- Team work
- Microsoft Word
- Cultural awareness
- Application verification
- Loan approval
- Collections coordination
- Critical thinking
- Self motivation
- Tech-savvy
- Application coordination
- Underwriting support
- Multitasking
- Attention to detail
- Problem solving
- Risk assessment
- Document management
- Customer relationship management
- Pipeline management
- Transaction coordination
Certification
- Accident & Health or Sickness, Life License Number 4361558
Languages
English
Native/ Bilingual
Spanish
Native/ Bilingual
References
References available upon request.
Timeline
Life Insurance Agent
New York Life Insurance Co
02.2024 - 05.2025
Senior Mortgage Loan Underwriter
Wells Fargo Home Mortgage
07.2010 - 01.2023
Mortgage Loan Underwriter
US Advocate Law Group
05.2009 - 07.2010
Mortgage Loan Underwriter
Tripoint Mortgage Group
12.2007 - 02.2009
Senior Account Executive
Resmae Mortgage Corporation
06.2005 - 10.2007
Senior Account Executive
Aames Home Loans
07.2002 - 06.2005
Mortgage Loan Underwriter / Senior Account Executive
Aames Home Loans
07.2002 - 06.2005
Mortgage Loan Underwriter
BNC Mortgage
03.2000 - 06.2002
Certified Training - Real Estate Loan Underwriting, Tax Return Analysis and Evaluation
Fannie Mae's Housing Institute
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