High Net Worth Wealth Management Business Underwriter - Remote
About The Position
Sutherland Mortgage Services Inc. is seeking a High Net Worth Wealth Management Business Underwriter to join their team, supporting a global financial services leader. This remote position involves reviewing and analyzing credit and collateral documents to issue lending decisions based on program guidelines. The role requires performing high-quality jumbo residential mortgage file analysis, confirming calculations like DTI, LTV, and Reserves, and providing written summaries of loan findings. Responsibilities include reviewing credit reports, appraisal forms, asset statements, and analyzing various income sources. The underwriter will also determine monthly income based on bank statements or asset depletion, understand CFPB's Ability to Repay standards, and document any exceptions or compensating factors.
Requirements
- Minimum of 8 years current mortgage underwriting experience
- Jumbo mortgage experience preferred
- BA/BS degree, equivalent education and experience may be considered
- Ability to interact with all levels of staff and management
- Communicate effectively with both internal and external customers
- Excellent organizational skills with attention to detail
- Ability to prioritize workload and meet deadlines
- Ability to multitask
- Ability to problem-solve proactively
- Ability to think creatively
- Advanced tax return analysis skills
- Experienced residential appraisal review
- Knowledge of the requirements to meet CFPB's Ability to repay standard
Responsibilities
- Review and analyze all credit and collateral documents
- Issue lending decisions based on documented borrower profile within program guideline requirements
- Perform high quality jumbo residential mortgage file analysis
- Confirm calculations used to decision the loan such as DTI, LTV, and Reserves
- Provide a written summary of loan findings which summarize loan characteristics in the areas of credit, income, assets, collateral, and the overall transaction
- Review credit reports to determine credit pattern, current liabilities, outstanding judgments and collections
- Review residential mortgage appraisal forms
- Analyze asset statements for all types of asset accounts
- Analyze income from salaried, commissioned, self-employed, investments, fixed income sources
- Determine monthly income based on bank statements and/or asset depletion
- Ensure knowledge of the requirements to meet CFPB's Ability to repay standard
- Provide a written summary of loan details which clearly documents any exceptions to company guidelines and appropriate compensating factors
Benefits
- Work-life balance will be supported
- Considerate, friendly, diverse and inclusive environment
- Career development will be supported
- Overtime eligible
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What This Job Offers
Job Type
Full-time
Career Level
Senior
