- Train Travel
- Volunteering for community initiatives to give back to local communities and make a positive impact
- Aviation
- sking
- Aquarium design and scaping
Michael Fobert
Mesa
Summary
Dynamic Loss Mitigation Underwriter with proven success at Carrington Mortgage, specializing in loan modifications and foreclosure prevention. Expert in underwriting guidelines and risk assessment, I enhance team performance through mentorship and problem-solving. Recognized for streamlining processes, achieving timely resolutions, and fostering strong cross-functional relationships.
Professional with deep expertise in loss mitigation strategies and underwriting. Adept at evaluating risk, analyzing financial data, and implementing effective solutions to mitigate losses. Strong focus on team collaboration and delivering results, adapting seamlessly to evolving challenges. Reliable, flexible, and skilled in decision-making, negotiation, and communication.
Overview
11
11
years of professional experience
Work History
Loss Mitigation Underwriter
Carrington Mortgage
02.2025 - Current
- Maintained thorough documentation of all communications, decisions, and actions taken throughout the loss mitigation process.
- Streamlined the underwriting process, resulting in faster decision-making and timely loss mitigation resolutions.
- Collaborated with borrowers to obtain required financial documents for accurate underwriting analysis.
- Successfully completed numerous loan modification requests resulting in borrowers'' ability to retain their homes.
SR Loss Mitigation Underwriter
Cascade Financial Services
12.2013 - 12.2024
- Enhanced team morale by fostering open communication channels amongst colleagues and providing mentorship to junior underwriters.
- Negotiated short sales and deed-in-lieu agreements for efficient resolution of distressed properties.
- Attended industry conferences and training sessions to stay current on best practices in loss mitigation underwriting methodologies and techniques.
- Spearheaded process improvement initiatives within the Loss Mitigation department, resulting in increased efficiency and effectiveness of workflows.
- Ensured compliance with all federal, state, and investor guidelines in loss mitigation processing and decisionmaking.
- Developed strong working relationships with cross-functional teams including collections, customer service representatives, asset managers, real estate agentsbrokers.
- Reviewed and analyzed complex borrower financial situations, determining appropriate workout options based on individual circumstances.
- Conducted regular audits of loss mitigation files to ensure accuracy, completeness, and adherence to internal policies and regulatory guidelines.
- processed assumptions for FHA,VA and USDA loans.
Captain CRJ
Psa Airlines
01.2022 - 04.2023
- Demonstrated exceptional decision-making abilities during high-pressure situations, maintaining a calm demeanor and focusing on passenger safety.
- Served as a reliable and dependable team member, consistently completing assigned tasks and supporting fellow crew members as needed.
- Improved flight safety by conducting thorough pre-flight inspections and adhering to strict FAA regulations.
- Assisted airline management in updating operational procedures to align with evolving FAA standards and guidelines.
- Managed challenging weather conditions through expert piloting skills, minimizing delays and ensuring passenger comfort.
- Enhanced passenger experience with professional communication and timely departures and arrivals.
- Mentored junior pilots in flight operations, assisting them in developing their own expertise and confidence in the cockpit.
Education
Bachelor of Science - Aviation Management
Arizona State University
Tempe, AZSkills
- Underwriting guidelines
- Default management
- Collateral valuation
- Portfolio management
- Foreclosure prevention
- Loan modification
- Short sale negotiation
- Credit evaluation
- Problem-solving
- Multitasking
- Decision-making
- Analytical thinking
- Risk assessment
Accomplishments
- Collaborated with team of 4 in the development of assumptions process
- Achieved FHA Tier 1 through effectively helping with creating loss mitigation and assumptions policy and procedures
Interests
Timeline
Loss Mitigation Underwriter
Carrington Mortgage
02.2025 - Current
Captain CRJ
Psa Airlines
01.2022 - 04.2023
SR Loss Mitigation Underwriter
Cascade Financial Services
12.2013 - 12.2024
Bachelor of Science - Aviation Management
Arizona State University
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