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UnderwritingUnderwriting

Remote Government Underwriter

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Description

(Work Location:  Remote)

As a member of our Wholesale DE Underwriting team you will be responsible for underwriting residential loans for our Wholesale department ensuring compliance with appropriate company, secondary market investor standards and all applicable laws. The DE Underwriter will be responsible for examining loan documentation for accuracy and completeness. Must be able to underwrite loans within the company and industry guidelines. The DE Underwriter will also be working with Regional Managers, Account Executives, Brokers, Loan Officers and Processors to secure all required documents.

Essential Job Functions:

  • Underwrites FHA loans 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, credit reports, preliminary report, judgments, bankruptcy documents and appraisals
  • Analyzes and calculates income documentation such as personal and business income statements 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 time frame set by the company
  • Communicates regularly with sales team, processors and management
  • Assists in the preparation of repurchase responses and/or rebuttal reviews
  • Ability to function in a fast-paced ever-changing environment.
Supervisory Responsibilities:

This job has no supervisory responsibilities

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.

  • DE certification required
  • Appraisal review and tax return analysis skills required
  • Experience with repurchase response and/or rebuttal review and response preparation
    • Secondary market experience a plus
    • Understanding of TRID, 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 workload
    • 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 type/use a keyboard with sufficient speed and accuracy to meet job demand
    • 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

Education and/or Experience:

  • High School Diploma or GED required
  • Minimum 5 years of current frontline mortgage DE Underwriting required

Language Skills:

Ability to read and comprehend instructions, correspondence, memos, and work place policies. Ability to analyze, interpret general business periodicals, professional journals, procedures and governmental regulations. Ability to
write professional correspondences. Ability to write routine business reports. Ability to speak effectively with other employees and/or customers. Ability to present formal information in one-on-one and small group situations to
customers, students, parents and/or other employees. Ability to present information and respond to questions from groups of administrators, managers, employees, customers and/or the general public.

Mathematical Skills:

Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry. Ability to apply concepts such as fractions, percentages, ratios, and
proportions to practical situations.

Reasoning Ability:

Ability to carry out detailed written and/or verbal instructions. Ability to solve problems involving concrete variables in standardized situations. Ability to define problems, collect data, establish facts, and draw valid
conclusions.

Certificates, Licenses, Registrations:

  • ACTIVE CHUMS ID DE required

Customer Service Relationships:

Anticipates customer needs and regularly motivates or influences others to deliver customer service excellence. May troubleshoot highly sensitive or confidential issues. Personally ensures problem resolution. Identifies barriers to effective customer service and sets customer service standards. Establishes a customer feedback system and holds self-accountable for customer service excellence within the department.
 

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