
Mortgage Loan Analyst
6 hours ago
Job Opportunity: Mortgage Underwriter
We are seeking a skilled and detail-oriented individual to join our team as a Mortgage Underwriter.
Key Responsibilities:
- Conduct comprehensive analysis of loan files, property appraisals, and borrower income sources to ensure loan elements meet eligibility requirements.
- Perform credit re-underwrite on all loan files, identifying potential issues and recommending corrective actions.
- Review and analyze property appraisals to determine if value is supported and meets investor guidelines.
- Recalculate borrower income sources as required, ensuring accuracy and compliance with regulatory requirements.
- Calculate debt-to-income ratio and make determinations on loan acceptability.
- Enter defined loan data into Quality Control systems and review closing documents and disclosures for accuracy.
- Check files for completeness and perform High Cost, APR, Amount Financed, and State Predatory tests in Compliance Review systems.
- Comment on loan inaccuracies, deficiencies, and missing items, and assign loan-level defects based on severity and type.
- Meet daily productivity goals and achieve quality standards.
Requirements:
- A minimum of 1-5 years' experience in mortgage underwriting, with a focus on lending compliance.
- Bachelor's degree in business or related field, with knowledge of financial regulations and industry standards.
- Highly desired skills include proficiency in TRID regulations and compliance software.
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