
Senior Mortgage Loan Analyst
1 day ago
The role of a Conventional Mortgage Loan Underwriter involves reviewing and analyzing mortgage loan applications to ensure they meet the company's policies and procedures. This includes verifying the accuracy and completeness of all documentation, as well as examining the collateral to ensure it is acceptable to investors.
Key Responsibilities:- Review and analyze mortgage loan applications to ensure eligibility and compliance with internal and regulatory guidelines.
- Examine all required loan data, reports, and inspections to verify the collateral is acceptable to investors and the company.
- Knowledge of lending and underwriting guidelines, credit and income analysis, cash flow analysis, risk assessment, loan-to-value ratios, and debt-to-income ratios.
- Verify loan, property, and borrower information with other available documents.
- Verify borrower's monthly income and expenses.
- Calculate asset requirements for closing and reserve purposes for the transaction.
- Make independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines.
- Provides final approval underwriting of mortgage loans.
Requirements include:
- Degree or equivalent qualification.
- Minimum 4 years of experience in conventional/government end-to-end underwriting.
- Well-versed in all 4 C's of underwriting (Asset, Income, Credit, and Collateral).
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