Mortgage Expert

Embark on a fulfilling career as an Underwriter with our esteemed organization.The ideal candidate will possess a strong working knowledge of US Mortgage Originations, closing procedures, federal and state lending laws.A key aspect of this role is maintaining a thorough understanding of the 4C's of underwriting, which include credit, collateral, capacity, and capital.Experience in end-to-end underwriting of Conventional loans is highly desirable, as is proficiency in Desktop Underwriter (DU) and Loan Prospector (LP).It is essential to have a sound knowledge of Fannie Mae & Freddie Mac Guidelines, as well as the ability to interpret state rules, statute laws, federal regulations & investor guidelines and apply them to specific loans.Key responsibilities will include reviewing loan files for compliance with all regulatory and client's guidelines/overlays, analyzing income & employment, credit strength, capacity to repay, property appraisal, title report; calculating and analyzing LTV/CLTV/HCLTV/DTI/HTI, checking all other information relevant to the credit decision process on each mortgage application.Calculating all types of income (Wage earner/self-employment/Other income etc.) and possessing good decision-making skills in identifying red flags and Approving or Denying files accordingly are crucial aspects of this position.Analyzing risk involved in approving a loan to determine whether it is acceptable to the lender, working knowledge of various fraud tools, citing conditions for missing documents in an effective manner, auditing the file from a closing & compliance standpoint on daily basis, and noting any exceptions are also important responsibilities.The successful candidate will have at least 3+ years of live Mortgage Underwriting experience, be able to obtain and decipher AUS findings (DU and LP), and possess experience in full origination mortgage processing, loan set up, loan documentation, closing, title, quality assurance, compliance, underwriting, or assisting with conventional first mortgage loan products.Excellent verbal and written communication skills are also required for success in this role.