Mortgage Underwriter

Silicon Valley Technical Staffing • Santa Ana, CA

20h • Remote

About The Position

Long-Term This role is fully remote and is a 1099 contract role. The Due Diligence Underwriter will be responsible for assessing residential mortgage loans for adherence to investor criteria including but not limited to those criteria stipulated by the nationally recognized statistical rating organizations for third party review of residential mortgage loans. This assessment will encompass aspects of data quality, credit decisioning, regulatory compliance, fraud screening, property valuations and servicing history.

Requirements

• minimum 3 years underwriting residential mortgage loans with demonstrable proficiency in understanding underwriting guidelines and an understanding of mortgage loan regulatory compliance.
• strong background with the use of computer programs used to manufacture or review mortgage loans and standard knowledge of Microsoft Office product suite.

Nice To Haves

• Servicing review experience.
• Familiarity with credit rating agency review standards.
• Strong written communication skills.
• Associates or bachelor’s degree (AA/AS or BA/BS) preferred.
• Soft skills: Time management, thoughtfulness, reason and problem solving, and professional communication.

Responsibilities

• Loan File Inventory: Ensuring residential mortgage loan packages contain all necessary documentation required to formulate a complete assessment.
• Credit Review: Assess all elements of the credit decisioning process undertaken to approve the loan including; underwriting guidelines, income calculation and validation of assets.
• Fraud Review: Review the credit package and related background search on mortgage loan borrowers to identify potential fraud risks.
• Property Valuation Review: Review appraisals and alternative value products for conformity to client specified requirements to assess accuracy of the property valuation.
• Legal Doc Review: Assess all legal documents included in residential mortgage loan files to ensure proper execution, enforceability and sufficiency for title perfection.
• Regulatory Compliance Review: Gather regulatory compliance data elements from the loan file for capture in the due diligence review system.
• Servicing History Review: Review the servicing history of residential mortgage loans by assessing payment histories and servicing commentary in a manner consistent with client requirements.
• Credit Risk Grading: Leveraging the utility of the due diligence review system, assess loan quality grades based on client specifications and standards set forth within applicable credit rating agency grading criteria.

What This Job Offers

• Career Level: Mid Level
• Education Level: Associate degree