
Conventional Mortgage Financing Specialist
3 days ago
The role of the Conventional Mortgage Underwriter involves reviewing and underwriting mortgage loans in accordance with established policies, procedures, and guidelines. This includes examining all documentation for accuracy and completeness.
Experience:
Minimum 3 years of experience in conventional end-to-end underwriting is required.
Key Required Skills:
• Live underwriting and real-time analysis
• Income calculation and debt-to-income ratio calculation
• Expertise in the 4Cs framework (credit, capacity, collateral, and capital)
• Familiarity with credit report analysis and LOX (letter of explanation)
Job Responsibilities:
• Review and analyze mortgage loan applications to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines
• Review all required loan data, reports, and inspections to ensure collateral acceptability
• Knowledge of lending and underwriting guidelines, credit and income analysis, cash flow analysis, risk assessment, loan-to-value ratios, and debt-to-income ratios
• Responsible for making independent decisions regarding loan acceptance and risk according to HUD, company, and investor guidelines
• Provides final approval of mortgage loans
• Completes all required paperwork and forms in a timely and accurate manner
• Work effectively with staff and management to find solutions on escalated loans
• May be requested to make recommendations for improving internal audit policies and practices
• Utilize Encompass to manage loans and communicate underwriting decisions with processors and advisors
• Maintain high levels of customer service and communication with other departments
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