Mortgage Underwriter

TEKsystems • Winchester, VA

1d • $24 - $30 • Hybrid

About The Position

To evaluate and underwrite all mortgage loan types offered by the client according to specific state and federal requirements to limit the risk exposure to the client's mortgage portfolio.

Requirements

• Underwriting
• mortgage
• loans
• appraisal
• equity
• debt to income rations

Responsibilities

• Manages a pipeline of appraisals; remains aware of pending due dates; monitors and acts upon appraisal updates and new assignments to ensure member service expectations are met
• Communicates to production staff, appraisers, and appraisal vendors any changes, revisions, or corrections that occur after initial delivery of the appraisal; ensures timely follow up
• Responds to inquiries from production staff and other business units concerning appraisals in review and advanced underwriting issues; addresses and documents issues in systems
• Reviews and decisions appraisal reports; determines and adds conditions to loan file in systems; issues counter offers and denials
• Reviews and considers effects of contracts related to property, such as age restrictions, HOAs, private water/septic/roads, etc.
• Conducts a thorough examination of all components of the appraisal report, including supplemental appraisal forms, ensuring that deficiencies, repairs, or special requirements have been notated
• Determines the acceptability and marketability of the property to ensure the collateral is sufficient to secure the loan
• Utilizes information from all resources, such as the International Building Code, local building and zoning contacts, tax records, online real estate databases, member documentation, and title work to ensure an exceptional member experience without compromising risk level
• Makes decisions regarding the acceptability of the investment risk using established company, investor, and regulatory guidelines; recommends for denial or exception any properties that do not meet them
• Communicates professionally, proactively, and confidently with appraisers, appraisal vendors, and business partner
• Provides timely, accurate, and clear information based upon research conducted and/or existing knowledge

Benefits

• Medical, dental & vision
• Critical Illness, Accident, and Hospital
• 401(k) Retirement Plan – Pre-tax and Roth post-tax contributions available
• Life Insurance (Voluntary Life & AD&D for the employee and dependents)
• Short and long-term disability
• Health Spending Account (HSA)
• Transportation benefits
• Employee Assistance Program
• Time Off/Leave (PTO, Vacation or Sick Leave)

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed