Michael Xu
Richmond,British Columbia
Summary
Personable Mortgage Specialist with over 10 years background in developing and maintaining customer relationships in banking industry. Sound knowledge of federal regulations and underwriting processes. Skilled in evaluating financial histories of clients and building network of money lenders and buyers. Hardworking and flexible individual with 10 hours of availability per week, including weekends and evenings.
Overview
10
10
years of professional experience
Work History
Mortgage Specialist
RBC
02.2021 - Current
- Annual Awards (Top Performer) in YE2022 and YE2023 in BC area
- Rookie of Year in YE2021 in BC area
- Maintaining high level of customer satisfaction by providing prompt and accurate loan status updates.
- Proactively building and maintaining superior account relationships, developing rich referral pipelines
- Educating and advising clients on home buying process and how to better manage their mortgages
Commercial Lending Underwriter
G&F financial group
01.2018 - 01.2021
- Prepared loan applications and evaluate level of risk by determining loan-to-value, collateral and guarantor strength, debt service coverage, and NOI for Commercial financing ranging in size from $2 million to $20 million
- Analyzed third party appraisal and environmental report, market research, borrower's resume and cash flow to determine strength of new commercial loans
- Analyzed financial data related to new and renewal loan requests including lines of credit, asset-based lines, commercial real estate, and equipment financing loans
Financial Advisor 4 & 5
Scotiabank
07.2014 - 01.2017
- Developed and managed nearly 300 clients while advising total of $50 million including investments and mortgages
- Increased customer base by 40% through word of mouth referrals and helped branch to hit 120% sales target in year 2016
Education
Certificate / Business Intelligence -
BCIT
Vancouver, BC12.2018
Bachelor of Science / Economics -
University of Victoria
Victoria, BC12.2013
Skills
- Real Estate knowledge
- Portfolio Management
- Credit and Risk analysis
- Credit Underwriting
- Financial analysis
- Retail/Commercial lending
- Entrepreneurial Spirit
- Communication
- Teamwork
- Client needs analysis
- Loan Processing
- Loan Origination
- Residential mortgage lending regulations
- Escrow management
Quote
Learn, Grow, Change the world.
Timeline
Mortgage Specialist
RBC
02.2021 - Current
Commercial Lending Underwriter
G&F financial group
01.2018 - 01.2021
Financial Advisor 4 & 5
Scotiabank
07.2014 - 01.2017
Certificate / Business Intelligence -
BCIT
Bachelor of Science / Economics -
University of Victoria
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