Highly Skilled Mortgage Underwriter Wanted

About the Underwriter Role

At Better, we are dedicated to making home finance faster, cheaper, and easier for everyone. Our team of experts works tirelessly to ensure that every loan is thoroughly examined and meets the required standards.

This role requires a high level of attention to detail, excellent analytical skills, and the ability to work well under pressure. As an Underwriter, you will be responsible for reviewing collateral documents, analyzing credit reports, and ensuring that all loans meet our strict guidelines.

The ideal candidate will have a Bachelor's degree in a related field and a minimum of 2 years of experience in US Mortgage. They should also have knowledge of Agency guidelines, a strong understanding of Credit and Collateral documents, and meticulous attention to detail.

We offer a comprehensive benefits package, including health insurance, retirement plans, and paid time off. Our office is equipped with state-of-the-art technology, and we provide daily meals and transportation facilities for all employees who come to the office.

About The Team

In the Underwriting funnel, this team serves as the gatekeepers of financial integrity, meticulously verifying the collateral and credit documentation seamlessly align with the application and loan origination system, thus granting the final approval.

About You

- Reviewing collateral documents such as title, tax certificate, appraisals, and homeowners insurance policies to access their influence on Underwriting decisions
- Analyzing credit reports and credit scores to assess the borrower's creditworthiness
- Through review of the Automated Underwriting System during final review and ensure that any red flags or special messages are addressed before issuing final review
- Ratio calculation during final approval and ensuring the ratio of Loan Origination Software matches with the Automated Underwriting System
- Meet production goals while maintaining quality and compliance
- Uncover any undisclosed debt or other missing financial information and ensure there is not any potential fraud present in the loan application
- Collaborating with Loan team, Underwriters, Collateral, and other cross-functional teams to ensure pending loan tasks are completed
- Maintain acceptable Quality control standard
- Reviewing and clearing the tasks related to Credit, income and assets required before Final approval can be issued

Required Skills and Qualifications:

- Bachelor's degree in a related field (e.g., Finance, Business Administration)
- Minimum of 2 years of experience in US Mortgage
- Knowledge of Agency guidelines for decision making
- Understanding of Credit and Collateral documents
- Meticulous attention to detail
- Strong data analysis capability and ability to clearly communicate findings to Leadership loan teams and borrowers
- Knowledge of FNMA and Freddie Mac Guidelines
- Detailed understanding of credit report, income, assets, and collateral documents

Company Benefits:

- Comprehensive medical plan for you, your spouse, and dependents
- Group Term life insurance and Accidental insurance
- Daily meals and transportation facility for commuting to and from the office
- Flexible work arrangements, including night shift allowance, work-from-home allowance, and transportation allowance

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