Mortgage Lending Underwriter

Valon Mortgage

2d

About The Position

The Mortgage Underwriter will be responsible for, but not limited to, the underwriting of residential loans through post-closing sale/insurance, ensuring compliance with appropriate company and investor guidelines. A Mortgage Underwriter will be responsible for examining loan documentation for accuracy and completeness while working with loan originators, processors, or production staff to secure all required documents.
Valon currently originates conventional and FHA loans, and underwriters can expect to be involved in both programs, with the possibility of additional programs being added in the future.
You may be required to work with more senior mortgage underwriters or the underwriting manager on loan exceptions, having the authority to withdraw and decline loans.

Requirements

• 5+ years of conventional mortgage underwriting experience
• 3+ years of FHA DE underwriting experience (TOTAL Scorecard and Manual)
• 3+ years of using Encompass LOS (ICE Technology/EllieMae)
• Deep knowledge of Fannie Mae/DU, Freddie Mac/LPA, and FHA guidelines and automated underwriting systems
• Ability to critically examine credit, income, assets, title, and appraisals for adherence to company, investor, and GSE underwriting guidelines
• Understanding of relevant mortgage industry federal regulation, including RESPA, TILA, ECOA, TRID, CFPB, etc.
• Minimum education requirement: High school diploma or GED equivalent required

Nice To Haves

• 10+ years of mortgage underwriting experience
• 5+ years of FHA DE experience
• Bachelor’s degree or equivalent work experience
• Strong communicator with excellent writing skills
• High integrity with strong ethical values
• Team player with the ability to work effectively with a variety of team members

Responsibilities

• Analyze borrowers' credit, income, assets, collateral, and capacity to ensure creditworthiness
• Review complex tax returns and income calculations
• Review loans, mentor, and train new hires
• Maintain a working knowledge of secondary market underwriting guidelines, private investor, and private mortgage insurance guidelines
• Review new loans and clear conditions on resubmissions within SLA
• Respond to audits and perform quality control reviews on mortgage files
• Maintain a focus on enhancing customer service skills and knowledge.
• Ensure KPIs are met as set forth by the underwriting manager.
• Maintain the quality and data integrity of all loan files.
• Able to comply with the policies and procedures outlined in the Company Handbook
• Ability to multitask in a high-volume environment
• Continuous focus on the customer experience
• Ability to work independently
• Strong attention to detail and effective problem-solving skills
• Other duties as assigned

Benefits

• Compensation: competitive salary and 401 (k) plan
• Health & well-being: we’ll invest in your physical and mental well-being with comprehensive medical, dental, & vision benefits
• Food & meals: in-office snacks and drinks, and Bagel Fridays
• Commuter benefits: We offer pre-tax deductions for public transportation, rideshare services, and parking expenses to make your commute more affordable and convenient.
• Grow together: Company-wide orientation for you to successfully onboard and other learning & development opportunities, including regular review cycles that feature 360-degree feedback
• Generous time off: 17 days paid time off, sick days, and 11 company holidays
• Baby bonding time!: 12 weeks off for both birthing and non-birthing parents - fully paid, so you can focus your energy on your newest addition

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED