
Lead Mortgage Underwriter
2 days ago
Job Summary:
An experienced mortgage underwriter is needed to review, condition and underwrite mortgage loans in accordance with established policies and procedures.
The ideal candidate will have expertise in live underwriting & real-time analysis, excellent income calculation and debt-to-income ratio calculation skills, as well as knowledge of credit bureau reports and loan documents.
Key Responsibilities:
- Review and analyze mortgage loan applications to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines.
- Verify borrower's monthly income and expenses, as well as other relevant sections of the application.
- Calculate asset requirements for closing and reserve purposes, as per guideline.
- Make independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines.
- Provide final approval underwriting of mortgage loans, complete all required paperwork and forms in a timely and accurate manner.
- Work effectively with staff and management to find solutions on escalated loans and make recommendations for improving internal audit policies and practices.
Requirements:
- Minimum 3 years of experience in conventional/govt end-to-end underwriting.
- Well-versed with all 4C's of underwriting (asset, income, credit, and collateral).
- Degree or equivalent qualification.
Benefits:
Opportunity to work with a dynamic team, competitive salary and benefits package, and professional growth opportunities.
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