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Senior Government Underwriter

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Description

(Position may be remote)

As a member of our Traditional Retail Government Underwriting team, will be responsible for underwriting residential loans for our Retail department ensuring compliance with appropriate company, secondary market investor standards and all applicable laws. The Senior Government 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 Senior Government Underwriter will also be working with Loan Officers and Processors to secure all required documents.

Essential Job Functions: 

  • Underwrites FHA and VA 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


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.

  • DE and LAPP/SAR 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 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 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 7 years of current frontline mortgage DE and   LAPP/SAR Underwriting experience required

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