Remote Mortgage Underwriter

TEKsystems•Minneapolis, MN

1d•Hybrid

About The Position

TEKsystems is currently searching for career-driven candidates interested in a Mortgage Underwriter opportunity with a Fortune 100 Financial Institution. The basic purpose of this role is to evaluate and underwrite all mortgage loan types according to specific state and federal requirements to limit the risk exposure to the company's mortgage portfolio. This involves analyzing required loan documentation and information presented in the mortgage loan request, to condition and make appropriate loan decisions based on the acceptability of the credit risk using established guidelines, secondary market investors, and applicable state and government regulations. The position works on assignments requiring judgment in resolving issues or making recommendations, identifies key issues and patterns, takes a broad perspective to solve problems, and operates under minimal supervision.

Requirements

MINIMUM OF 1-2 years of recent MORTGAGE Underwriting experience is REQUIRED
Proficient in Microsoft Office and data entry skills
Strong written and verbal communication skills
Comfortable with a lifetime Federal Background Check
Comfortable with a Soft Credit Check and Collections Check

Nice To Haves

SAR experience is strongly preferred
Associates or Bachelors degree strongly preferred

Responsibilities

Analyze mortgage loan information on loan documents such as income, assets, and credit criteria to confirm loan eligibility based on company's guidelines as well as adherence to investor requirement with or without independent scoring systems Moderate analysis.
Analyze exceptions and rejections; recommend alternative mortgage products to could bring the loan withing guidelines Moderate analysis.
Analyze self-employed borrower income documentation Moderate analysis
Approve mortgage loans and authorize loan disbursements based on complete analysis of submitted documentation and applicable rules and regulations Moderate analysis.
Determine the acceptability and marketability of the real estate property to ensure there is sufficient collateral to secure the loan
Prepare and present counter-offers on marginal loans; prepare adverse action (loan disapproval) notifications, with awareness of the compliance provisions of the regulatory agencies
Review/understand effects of contracts related to real estate, such as age restrictions, HOAs, etc.
Work closely and collaboratively with loan originator and processor to ensure all appropriate data and required documentation is obtained
Participate in mentoring sessions for Mortgage Processors, Mortgage Closers and Mortgage Loan Officers.
Maintain current knowledge of all mortgage products and any changes to guidelines, investor, or government agencies that impact the processing mortgage loan products
Collaborate with training team to maintain the on-line manual to ensure all guidelines are conveyed accurately and consistently Assist in leading
Perform secondary review of loans that are suspended and/or declined Advanced analysis
Perform other duties as assigned