Mortgage Underwriter

Job Description

This is a high-pressure position that will require strong organizational skills and the ability to multitask.

You must be able to handle a high volume of loans, while still remaining effective and accurate in assessing each loan.

High Salary

Benefits: Health Insurance, 401K, vacation plan

Summary of Role and Responsibilities

  • Reviews all items and conditions provided by borrowers and ensures they meet the required guidelines by utilizing internal and external (e.g., agency) policies and procedures [e.g., automated underwriting systems such as Desktop Underwriter (DU)]
  • Correspondent banking experience is preferred
  • Ensures that Company operating standards are met for underwriting and compliance by utilizing internal and external (e.g., agency) policies and procedures
  • Reviews applications and all pertinent disclosures to ensure compliance with all Federal, State and investor requirements are met and upheld
  • Monitors property appraisal process to ensure value of property is accurately presented
  • Analyzes documentation such as credit, income, assets, and appraisals to make sound underwriting decisions based on this analysis by using internal checklist
  • Analyzes loan applications to identify any risk issues and/or potential misrepresentation.
  • Reviews documentation and ensures documents are properly classified and organized
  • Makes quality underwriting decisions while maintaining Company turn-time expectations
  • Reviews and clears conditions on all loans to ensure a complete loan package prior to closing
  • Utilizes proprietary and on-line tools [e.g., Lexis/Nexis, Real Quest, Mortgage Electronic Registration System (MERS), AVM’s, etc.] to help combat fraudulent activity and ensure quality loan decisions
  • Have the ability to rework loans to new terms, and identify additional conditions as needed.
  • Must be able to provide quick and accurate answers on multiple loan project guidelines
  • Engages specific strategies (e.g., determines appropriate individuals to resolve escalated customer issues, etc.) to resolve customer questions and concerns
  • Continually reviews underwriting environment, and suggests improvement opportunities to management
  • Acts as a recognized subject matter expert within the Company and partners with management on underwriting-related issues by providing analytical support, and counseling advice for their functional areas

Minimum Knowledge, Skills and Abilities:

  • Intermediate knowledge in Microsoft Word, Excel, Outlook and Internet Explorer
  • Expert knowledge of conventional and/or government loan underwriting and selling guidelines (e.g., Fannie Mae, Freddie Mac, FHA, VA, etc.)
  • Exceptional customer service
  • Underwriter designation certification (e.g., Direct Endorsement, etc.)
  • Ability to communicate effectively with all levels
  • Ability to positively project the Company and department
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