
Senior Loan Review Specialist
5 days ago
The Conventional Mortgage Underwriter is responsible for reviewing, condition and underwriting mortgage loans in accordance with established policies and procedures. The primary focus is on ensuring the accuracy and completeness of all documentation.
Key Responsibilities:
• Review and analyze mortgage loan applications to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines to minimize risk factors.
• Examine all required loan data, reports, and inspections to ensure collateral is acceptable to investors and the company.
• Utilize knowledge of lending & underwriting guidelines, credit & income analysis, cash flow analysis, risk assessment, loan-to-value ratios, debt-to-income ratios.
• Verify loan, property, borrowers' information with other available documents and verify borrower's monthly income and expenses.
• Calculate asset requirements for closing and reserve purposes for transactions as per guidelines.
• Make independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines.
• Provide final approval underwriting of mortgage loans.
Required Skills and Qualifications:
• Minimum 3 years of experience in conventional/government end-to-end underwriting.
• Well-versed with all 4C's of Underwriting (Asset, Income, Credit, Collateral).
Benefits:
• Work from home/remote option.
Other Information:
• Degree or equivalent.
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