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Conventional Underwriter- DE Certification Fast Track Program

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Description

Summary

The DE Fast Track Program gives experienced Conventional Underwriters the opportunity to earn their DE certification by participating in AND passing a 6 week training course provided courtesy of Freedom Mortgage. During this time, Underwriters will be responsible for training and underwriting residential loans ensuring compliance with appropriate company, secondary market investor standards and all applicable laws. Must be able to underwrite loans within the company and industry guidelines. The Underwriter will also be working with the sales and operations teams to secure all required documents.

Essential Job Functions:

  • Take part in DE Fast Track Program over the course of a 6 week period
  • Underwrites to verify for completeness, accuracy, and compliance
  • Develops and maintains an up to date and sound knowledge of multiple loan product guidelines offered by the company, DU/LP guidelines, and risk assessment tools used to decision mortgage loans
  • Reworks loans to new terms, identifies additional conditions as needed to insure a viable credit decision
  • Reviews and evaluates borrower(s) profile including but not limited to all income documentation, tax returns, asset documentation, credit reports, preliminary title report, judgments, bankruptcy documents and appraisals
  • Analyzes and calculates income documentation such as personal and business income tax returns and ensures all necessary documentation is requested to support final loan decisions
  • Exercises good judgment, conducts reasonableness tests and issues quality decisions
  • Determines accuracy and completeness of files; ensures processes are consistent
  • Demonstrates proficiency in automated underwriting systems (DU, LP)
  • Maintains a sound knowledge of secondary market activity, practices, and business/industry practices as they impact underwriting quality and origination activity
  • Maintains pre-established service level standard of decisions within a service level time frame set by the company
  • Communicates regularly with sales team, processors, closers and management
  • Assists in the preparation of repurchase responses and/or rebuttal reviews
  • Ability to function in an ever-changing environment and work across all business channels in Underwriting (Retail/CC/Wholesale) as needed

Qualifications:

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.

  • Appraisal review and tax return analysis skills required (front line)
  • Prior credit signing authority
  • Experience with repurchase response and/or rebuttal review and response preparation
  • Secondary market experience a plus
  • Understanding of TILA, RESPA and Predatory Lending
  • Strong analytical and decision making/problem solving skills
  • Possess a keen eye for accuracy, attention to detail and ability to handle a high volume work load
  • Excellent interpersonal, organizational, prioritization and time management skills
  • Proficient in computers including LOS systems, Microsoft Office and Excel.
  • Ability to adapt/ learn/utilize multiple software programs
  • Experience with paperless environment preferred
  • Ability to deliver effective results and to meet deadlines with minimal supervision
  • Self-starter, adapt to a changing environment and have the ability to communicate and work well with investors and co-workers
  • Possess clear, concise and effective written and oral communication skills
  • Professional demeanor in appearance, interpersonal relations, work ethic and attitude
  • Required to support and work across all business channels in Underwriting (Retail/CC/Wholesale) as needed

Education and/or Experience:

  • Minimum 3 years of current frontline mortgage Underwriting experience is required
  • High School Diploma or GED Required; 4 Year BA or BS is a plus


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