Mortgage Underwriter
About The Position
Per the Business Unit: Applicants must have UW experience. Experience in Equity Underwriting would be beneficial as well, but this can be trained if they have UW experience. Job Description: Extensive Mortgage Underwriting or Loan Processing experience. Analyze loans to make a valid recommendation. True underwriting experience, calculating income and/or VA SAR ability. Ability to do a manual underwrite The system pulls red flags to deny loans; ex. Credit, income liabilities etc. they get about 300-400 per day. This team would manage that specific case load, identify which ones have the potential to clear and pass it along to a higher-level UW. Review collected documentation against company, NCUA, USPAP and all other relevant industry loan acceptance guidelines Review contracts related to real estate, such as age restrictions, HOAs, etc. Work closely and collaborate with loan originator and processor to ensure all appropriate data is obtained Collaborate with Mortgage leadership and participate in mentoring sessions for Mortgage Processors, Mortgage Closers, and Mortgage Loan Officers Maintain current knowledge of all company mortgage products and any changes to guidelines by company, investor, or government agencies that impact the processing of mortgage loan products
Requirements
- Must have at least 1 year of Mortgage Underwriting experience
- Knowledgeable of the Mortgage Industry
- Familiar with agency guidelines i.e. Fannie, Freddie, VA
- Ability to quickly adjust
- Quick decision making
- Comfortable with conditions, especially DU conditions
- Familiar with/ability to calculate income
- Experience reviewing CBR's
- Experience in a production-based environment
Nice To Haves
- Conventional, FHA, VA, desktop underwriter/processing experience (certifications are preferred, not required)
- Experience in Equity Underwriting
Responsibilities
- Analyze loans to make a valid recommendation.
- Calculate income and/or VA SAR ability.
- Perform manual underwrites
- Manage a case load of 300-400 loans per day, identify which ones have the potential to clear and pass it along to a higher-level UW.
- Review collected documentation against company, NCUA, USPAP and all other relevant industry loan acceptance guidelines
- Review contracts related to real estate, such as age restrictions, HOAs, etc.
- Work closely and collaborate with loan originator and processor to ensure all appropriate data is obtained
- Collaborate with Mortgage leadership and participate in mentoring sessions for Mortgage Processors, Mortgage Closers, and Mortgage Loan Officers
- Maintain current knowledge of all company mortgage products and any changes to guidelines by company, investor, or government agencies that impact the processing of mortgage loan products
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)
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
