Richard Ayala
About Richard Ayala
Richard Ayala is a Retail and TPO Conditional Mortgage Underwriter at Union Home Mortgage Corp. with extensive experience in mortgage processing and underwriting across various financial institutions.
Current Role at Union Home Mortgage
Richard Ayala serves as a Retail and TPO Conditional Mortgage Underwriter, DE at Union Home Mortgage Corp. since 2020. In this role, he is responsible for evaluating loan applications, ensuring compliance with investor requirements, and engaging with loan originators and processors. His position requires a thorough understanding of mortgage underwriting processes and the ability to assess risks associated with loan applications.
Previous Experience in Mortgage Processing
Prior to his current role, Richard worked at Century Federal Credit Union as a Senior Mortgage Loan Processor from 2012 to 2020. He gained extensive experience in the Cleveland/Akron, Ohio area during his eight years there. His earlier role as a Bilingual Web Mortgage Banker at Quicken Loans from 2007 to 2008 further contributed to his expertise in mortgage processing.
Background in Financial Services
Richard has a diverse background in financial services, having worked at Logix Federal Credit Union from 1998 to 2004 in various positions, including Regional Account Manager and Membership Manager. This experience provided him with a solid foundation in customer service and financial operations. Additionally, he served as a Member Service Representative at Century Federal Credit Union from 2008 to 2012.
Education and Training
Richard studied at Los Angeles Valley College, where he focused on Liberal Arts and Sciences from 1998 to 2000. This educational background supports his analytical skills and understanding of various subjects relevant to his career in mortgage underwriting.
Skills and Expertise in Mortgage Underwriting
Richard demonstrates proficiency in using the Encompass Loan Origination System (LOS) for mortgage processing. He is skilled in reviewing financial documents, including tax returns and Profit and Loss statements, to assess business cash flow. His ability to calculate income accurately and evaluate loan applications ensures compliance with investor guidelines.