Mortgage Underwriter

Description: Underwrites residential loans ensuring compliance with appropriate company, secondary market Investor standards and all applicable laws. The Underwriter will be responsible for examining loan documentation for accuracy and completeness; is involved in one or several types of mortgage lending including but not limited to conventional, FHA VA and USDA loans. Interact with Loan Originators and Processors to obtain all needed documentation
Duties and Responsibilities :
  • Underwrites Conventional, FHA, VA and Special Program loans to verify for completeness, accuracy, and compliance
  • Develops and maintains an up to date and sound knowledge of multiple loan product guidelines offered by the company, DU/LP guidelines, and risk assessment tools used to decision mortgage loans
  • Reworks loans to new terms, identifies additional conditions as needed to insure a viable credit decision
  • Reviews and evaluates borrower(s) profile including but not limited to all income documentation, tax returns, credit reports, preliminary report, judgments, bankruptcy documents and appraisals
  • Analyzes and calculates income documentation such as personal and business income statements and ensures all necessary documentation is requested to support final loan decisions
  • Analyzes and reviews Appraisal reports for accuracy, compliance and sound support of value
  • Exercises good judgment, conducts reasonableness tests and issues quality decisions
  • Determines accuracy and completeness of files; ensures processes are consistent
  • Demonstrates proficiency in automated underwriting systems (DU, LP)
  • Understanding of TILA, RESPA and Predatory Lending rules
  • Strong analytical and decision making/problem solving skills
  • Possess a keen eye for accuracy, attention to detail and ability to handle a high volume work load
  • Excellent interpersonal, organizational, prioritization and time management skills
  • Proficient in computers including LOS systems, Microsoft Office and Excel. Ability to adapt/ learn/utilize multiple software programs. Experience with paperless environment preferred.
  • Ability to type/use a keyboard with sufficient speed to meet job demands
  • Ability to deliver effective results and to meet deadlines with minimal supervision
  • Possess clear, concise and effective written and oral communication skills
  • Professional demeanor in appearance, interpersonal relations, work ethic and attitude
Skills and Abilities Required :
  • Excellent reading and comprehension skills
  • Ability to think and act quickly and rational
  • Good analytical and auditing skills
  • Financial Mathematical reasoning ability
  • Great oral and written communication skills
  • Knowledge of investor guidelines and mortgage lending rules and regulations
  • Excellent customer service and communication skills
  • Logic and reasoning skills
  • General knowledge of office equipment such as computers, telephone systems, copiers, fax, and 10 key
  • Must be able to handle stress and meet multiple deadlones
  • Multitasking
  • Maintaining information security of Investor, borrowers, and Company
  • Attention to detail
  • Follow company policies and procedures
Education and Experience :
  • Prior experience in Underwriting
  • Underwriter certifications and credentials
  • Bachelor’s Degree in Finance or Associate’s Degree in financial services or work experience related.
Work Environment :
The work environment characteristics are fast paced and very high demanding. A successful candidate must have the ability to manage their time, meet time sensitive demands, and take directions from multiple entities.
Department :
Reporting Manager :
Operations and Assistant Operations Manager
Type of Employment :
Full time position with possible overtime as needed
Pre-Determined Hours :
08:00 A.M. – 5:00 p.m. – with an understanding that all underwriting must meet delivery timeline.