Mortgage underwriter
4 days ago
The Underwriter’s primary responsibilities include reviewing mortgage files submitted to Underwriting.
This position requires calculating income, analyzing debt and assets, as well as completing an in-depth review of the completed appraisal and title.
Additional responsibilities include entering data into the client’s loan operating system, performing a manual underwrite, clearing conditions for Final Approval and communicating outstanding requirements to customers.
Candidates must possess a strong sense of urgency with an ability to work in a team environment, maintaining excellent organization and communication skills, maintaining high level of quality standards and commitment to a superior level of customer service.
Required Skills
Maintain conforming signing authority and quality standards
Maintain current knowledge of client and investor requirements
Perform complete and in-depth review of mortgage loan files including income (inclusive of rental income, IRA, annuity and 401 K), assets, credit and collateral
Utilize client’s loan operating system to ensure accurate data entry
Evaluate and ensure overall loan documents are accurate, complete, and compliant
Manually underwrite loans in accordance with client guidelines
Restructure non-conforming loans in order to meet conforming loan limits
Complete POA review
Identify and/or clear red flags or alerts
Issue loan decision and condition file accordingly
Review and approve conditions for compliance and completion of loan file
Provide excellent customer service to internal and external clients
Assist Processors/Loan Officers in understanding underwriting decisions and conditions
Resolve pre- and post-closing issues as they relate to underwriting
Preferred Skills
Minimum 2+ years current mortgage loan underwriting experience in US Mortgage.
Strong knowledge of income calculations, tax returns, reading credit reports, identifying red flags
Knowledge of appraisal and title, and ability to recognize red flags and ineligible properties
Strong analytic, interpersonal, and verbal and written communication skills
Detail-oriented with strong ability to time manage
Ability to work in a flexible and production-oriented environment
Must be able to work in a high stress environment while delivering a high-level of customer service
Must be willing and able to work as part of a team
Strong capability to work in multiple systems - paperless environment
Must be willing to work in strict security environment
Ability to obtain NMLS-MLO Licenses preferred
Candidates must be available to work outside of normal business hours when necessary
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