
Conventional Mortgage Specialist
5 days ago
The role of a Conventional Underwriter involves reviewing and analysing mortgage loan applications to ensure eligibility, accuracy, completeness and compliance with internal and regulatory guidelines to minimise risk factors.
- Examine all documentation for accuracy and completeness in accordance with established policies and procedures.
- Review required loan data, reports and inspections to confirm that the collateral is acceptable to investors and the company.
- Apply knowledge of lending and underwriting guidelines, including credit and income analysis, cash flow analysis, risk assessment, loan-to-value ratios and debt-to-income ratios.
- Calculate assets required for closing and reserve purposes according to guidelines.
- Make independent decisions regarding acceptance and risk of loans based on HUD, company and investor guidelines.
Qualifications
- Minimum 4 years of experience in live underwriting and real-time analysis.
- Excellent skills in income calculation and debt-to-income (DTI) ratio calculation.
- Expertise in the 4Cs framework: credit, capacity, collateral and capital.
- Familiarity with credit report analysis and letters of explanation.
- Knowledge of credit bureaus, approved documents and various account types.
Work Environment
- Remote work from home arrangement available.
- US Mortgage process – night shifts only.
Requirements
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