Mortgage Underwriter

Equity Resources-posted about 1 month ago
Full-time • Mid Level
Hybrid • Newark, OH
251-500 employees
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
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POSITION SUMMARY: The primary functions of the Underwriter are to approve saleable loans with the information provided by the next day; underwrite all loans under FNMA, FHLMC, and FHA (may include USDA & VA) loan programs and maintain knowledge of investor programs and overlays and communicate any changes to staff. Specific duties may include, but are not limited to: making underwriting decisions on loans based on quality assurance and risk taking into consideration the 4 C's of Underwriting: Capacity, Credit, Collateral, and Cash; maintaining a zero-tolerance policy for fraud; providing high quality service to all Mortgage Specialists; providing 24 hour turn times on all files submitted; maintaining knowledge of investor overlays; maintaining in depth knowledge of all loan programs covered under FNMA, FHLMC, and FHA; preferably including USDA & VA loan programs; analyzing and reporting on loan quality issues and monitor corrective actions; provide timely updates to Mortgage Specialists with all underwriting changes pertinent to them; follow the high standards of ethics of Equity Resources, Inc. in making decisions; adapting to changing circumstances and adjusting daily priorities as needed; and maintaining a high level of confidentiality at all times.

  • making underwriting decisions on loans based on quality assurance and risk taking into consideration the 4 C's of Underwriting: Capacity, Credit, Collateral, and Cash
  • maintaining a zero-tolerance policy for fraud
  • providing high quality service to all Mortgage Specialists
  • providing 24 hour turn times on all files submitted
  • maintaining knowledge of investor overlays
  • maintaining in depth knowledge of all loan programs covered under FNMA, FHLMC, and FHA; preferably including USDA & VA loan programs
  • analyzing and reporting on loan quality issues and monitor corrective actions
  • provide timely updates to Mortgage Specialists with all underwriting changes pertinent to them
  • follow the high standards of ethics of Equity Resources, Inc. in making decisions
  • adapting to changing circumstances and adjusting daily priorities as needed
  • maintaining a high level of confidentiality at all times
  • Bachelor's Degree in Business, Finance, or related field preferred (or equivalent combination of Education and experience); minimum HS diploma or equivalent.
  • External candidates must have a minimum of 2 years' DE Underwriting experience with conventional and FHA loans; USDA/VA experience a plus.
  • Demonstrated proficiency with computer systems and software programs including Microsoft Word, Excel, and Outlook required; experience with electronic mortgage processing systems required (Encompass preferred).
  • Strong written and verbal communication skills
  • Ability to read and comprehend complicated instructions, short correspondence, memos and to use good grammar.
  • Ability to think independently and solve issues and problems without intervention.
  • Ability to effectively communicate to co-workers and all outside vendors and lenders.
  • Ability to apply common sense understanding to carry out detailed written or oral instructions.
  • Ability to handle high stress and manage the need for overtime based on work load per day.
  • USDA/VA experience a plus.
  • experience with electronic mortgage processing systems required (Encompass preferred).
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