Residential Mortgage Loan Expert
2 weeks ago
Job Description
The Mortgage Underwriter role involves reviewing loan files for residential mortgage loans to ensure they meet loan program requirements. This includes analyzing loan applications, credit profiles, debt and assets, income and financial statements, loan values and loan-to-value ratios, appraisal reports, collateral and supporting documentation. The successful candidate will have a strong understanding of income calculations, tax returns, reading credit reports and identifying red flags.
- Reviewing loan applications, credit profiles, debt and assets, income and financial statements, loan values and loan-to-value ratios, appraisal reports, collateral and supporting documentation.
- Analyzing income from salaried, commissioned, self-employed, investments, fixed income sources.
- Analyzing assets statements for all types of asset accounts.
- Identifying/calculating loan risk of loss.
Requirements
A minimum of 2-3 years of experience working as a Residential Mortgage Underwriter is required for this role. A strong understanding of Automated Underwriting Systems and the ability to analyze complex data sets is also necessary. Additionally, good communication and organizational skills are essential for success in this position.
Work Environment
The Mortgage Underwriter role involves working in a fast-paced environment with multiple deadlines. The successful candidate will be able to work independently and as part of a team to meet these deadlines. A strong ability to multitask and prioritize tasks is essential for success in this position.
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