Forensic Underwriter

CrossCountry Mortgage, LLC

About The Position

CrossCountry Mortgage (CCM) is the nation's number one distributed retail mortgage lender with more than 7,000 employees operating over 700 branches and servicing loans across all 50 states, D.C. and Puerto Rico. Our company has been recognized ten times on the Inc. 5000 list of America's fastest-growing private businesses and has received many awards for our standout culture. A culture where you can grow! CCM has created an exceptional culture driving employee engagement, exceeding employee expectations, and directly impacting company success. At our core, our entrepreneurial spirit empowers every employee to be who they are to help us move forward together. You’ll get unwavering support from all departments and total transparency from the top down. CCM offers eligible employees a competitive compensation plan and a robust benefits package, including medical, dental, vision, as well as a 401K. We also offer company-provided short-term disability, an employee assistance program, and a wellness program. Position Overview: The Forensic Underwriter performs in-depth forensic underwriting reviews of closed mortgage loans for compliance with government agency and/or investor specific guidelines, and with applicable state and federal laws. This position conducts reviews to identify potential fraud and/or misrepresentation from any interested party to the transaction. The Forensic Underwriter is responsible for reviewing the loan file and coordinating the correction and tracking of any deficiencies identified. The review may include a formal written response to HUD, FNMA or investor to avoid potential buy-back requests.

Requirements

Minimum 5 years’ underwriting experience with exposure to both manual and automated underwriting environments.
Knowledge of FNMA, FHLMC, FHA, VA, and USDA guidelines.
Knowledge of transaction components that indicate a potential for fraud.
Proficient in Microsoft Office (Word, Excel, PowerPoint).

Nice To Haves

Ellie Mae Encompass experience, preferred.

Responsibilities

Re-underwriting closed loan files to ensure that the loan meets agency or lender guidelines including but not limited to credit report review, income calculation, asset analysis and collateral assessment.
Review compliance documentation to verify adherence with any federal and state laws.
Analyze closing documentation such as mortgage note, CD, TRID to ensure properly executed, IPCs are not excessive, and fees are within federal/state tolerances.
Perform investigations to identify potential fraud through utilization of resources or re-verification of documents such as Lexis Nexis, written/verbal verifications, etc.
Attend regular meetings to discuss defects discovered from investor delivery or investors which are causing delays in purchase of loans from warehouse lines.
Collaborate with underwriting, sales processing, etc. to cure defects that are delaying loan from being purchased from warehouse line.
Prepare formal written responses to agencies/investors in which an audit has been performed and deficiencies discovered.
Perform accurate reporting of true deficiencies discovered for training and development opportunities.
Coordinate with the legal department regarding any potential fraud discovered to determine if SAR report should be filed.