Mortgage Underwriter

TEKsystems•Minneapolis, MN

1d•$30 - $45•Hybrid

About The Position

The purpose of this position is to support and influence business decisions in the home lending space. This role is expected to evaluate mortgage loan data and applicable documentation to determine eligibility, acceptability, and compliance with applicable state, federal and investor guidelines. The ideal candidate for this position must possess: Mortgage underwriting experience with the ability to ability to demonstrate self-sufficiency with accessing, processing and interpreting information. The ideal candidate will also have servicing knowledge including line management review and subordination requests, as well as experience with property and credit underwriting requirements of FNMA, FHLMC, Non-Agency Jumbo, FHA, VA, HELOC/HELOAN and other loan programs. Ability to work independently, analyze data, take and recommend appropriate actions with minimal supervision.

Requirements

Mortgage underwriting experience
Quality control and/or due diligence experience
Excellent written and oral communication skills
5 plus years of experience

Nice To Haves

Servicing knowledge including line management review and subordination requests
Experience with property and credit underwriting requirements of FNMA, FHLMC, Non-Agency Jumbo, FHA, VA, HELOC/HELOAN and other loan programs
Ability to work independently, analyze data, take and recommend appropriate actions with minimal supervision.

Responsibilities

Perform analysis on conventional conforming and Non-Agency Jumbo as well as HELOC/HELOAN loan data.
Perform pre and post purchase due diligence reviews including preparing correspondence, deficiency clearing and additional tasks as necessary
Analyze complex tax returns and accurately calculate income.
Identify key loan factors impacting borrower eligibility, property eligibility, and credit qualification for complex or atypical financial profiles, collateral, and loan structures.
Identify and summarize exception loans for escalation to leadership for business decision.
Input data and notes into appropriate loan system.
Maintain quality and production standards as set forth by management.
Effectively communicate, orally, in writing, and via email, the decisions reached as to maintain positive working relationships with internal and external stakeholders.
Ability to explain specific reasons for negative purchase decisions and recommend possible solutions.
Collaborate with internal partners such as Risk, Product, Compliance, and Legal as necessary
Provide support for Internal and External audit requests as well as internal control testing
Work with leadership on credit policy updates including regular review of agency, competitor, and regulatory requirements for adoption