Credit Underwriter, Due Diligence

Intercontinental Exchange Holdings, Inc.•Jacksonville, FL

3d•$65,000 - $85,000•Remote

About The Position

The Credit Underwriter reviews residential mortgage loan packages to confirm that they contain complete documentation and comply with program guidelines. The role compares origination credit decisions with current credit analysis and addresses any variances. It also identifies and documents exceptions, deviations, potential fraud risks, and data discrepancies, and reviews appraisals and alternative valuation products for accuracy and conformity to client requirements. The underwriter works assignments according to instructions from the project Team Lead or Business Analyst, meets minimum production requirements communicated by the Team Lead, and monitors company communication channels for updates and requests.

Requirements

At least 3 years of experience underwriting residential mortgage loans, with demonstrable proficiency in understanding underwriting guidelines.
Proven working knowledge of Jumbo Prime, Non-Prime, Conforming, Non-QM, and DSCR products.
Strong background using computer programs for reviewing mortgage loans.
Standard knowledge of the Microsoft Office product suite.
Ability to manage a pipeline of loan files.
Consistent attention to detail.
Strong verbal and written communication skills.

Responsibilities

Ensure residential mortgage loan packages contain all documentation needed for a complete assessment.
Assess origination credit decisions against current credit analysis and address variances.
Confirm loan reviews meet program guidelines and cite deviations or exceptions.
Update exceptions with the facts supporting each finding.
Review credit packages for potential fraud risks.
Review appraisals and alternative valuation products for accuracy and conformity to client requirements.
Confirm data discrepancies and document the source documents and circumstances in comments.
Document loan compensating factors and mitigating attributes.
Work loan assignments according to instructions from the project Team Lead or Business Analyst.
Meet minimum production requirements communicated by the project Team Lead.
Monitor Outlook, Teams, and phone communications for company updates, announcements, and colleague or Team Lead requests.