Job Description

This is a high-pressure position that will require strong organizational skills and the ability to multitask.

You must be able to handle a high volume of loans, while still remaining effective and accurate in assessing each loan.

High Salary

Benefits: Health Insurance, 401K, vacation plan

Summary of Role and Responsibilities

• DE CERTIFICATION IS A MUST
• Reviews all items and conditions provided by borrowers and ensures they meet the required guidelines by utilizing internal and external (e.g., agency) policies and procedures [e.g., automated underwriting systems such as Desktop Underwriter (DU)]
• Correspondent banking experience is preferred
• Ensures that Company operating standards are met for underwriting and compliance by utilizing internal and external (e.g., agency) policies and procedures
• Reviews applications and all pertinent disclosures to ensure compliance with all Federal, State and investor requirements are met and upheld
• Monitors property appraisal process to ensure value of property is accurately presented
• Analyzes documentation such as credit, income, assets, and appraisals to make sound underwriting decisions based on this analysis by using internal checklist
• Analyzes loan applications to identify any risk issues and/or potential misrepresentation.
• Reviews documentation and ensures documents are properly classified and organized
• Makes quality underwriting decisions while maintaining Company turn-time expectations
• Reviews and clears conditions on all loans to ensure a complete loan package prior to closing
• Utilizes proprietary and on-line tools [e.g., Lexis/Nexis, Real Quest, Mortgage Electronic Registration System (MERS), AVM’s, etc.] to help combat fraudulent activity and ensure quality loan decisions
• Have the ability to rework loans to new terms, and identify additional conditions as needed.
• Must be able to provide quick and accurate answers on multiple loan project guidelines
• Engages specific strategies (e.g., determines appropriate individuals to resolve escalated customer issues, etc.) to resolve customer questions and concerns
• Continually reviews underwriting environment, and suggests improvement opportunities to management
• Acts as a recognized subject matter expert within the Company and partners with management on underwriting-related issues by providing analytical support, and counseling advice for their functional areas

Minimum Knowledge, Skills and Abilities:

• Intermediate knowledge in Microsoft Word, Excel, Outlook and Internet Explorer
• Expert knowledge of conventional and/or government loan underwriting and selling guidelines (e.g., Fannie Mae, Freddie Mac, FHA, VA, etc.)
• Exceptional customer service
• Underwriter designation certification (e.g., Direct Endorsement, etc.)
• Ability to communicate effectively with all levels
• Ability to positively project the Company and department