Mortgage Underwriter

HUNT Mortgage Corporation • Buffalo, NY

2d

About The Position

We are seeking an experienced Mortgage Underwriter with proficiency in both conventional and government loan programs. The ideal candidate will possess a thorough understanding of mortgage lending guidelines, strong analytical skills, and the ability to make sound lending decisions while adhering to regulatory requirements.

Requirements

• Proficiency in both conventional and government loan programs.
• Thorough understanding of mortgage lending guidelines.
• Strong analytical skills.
• Ability to make sound lending decisions while adhering to regulatory requirements.
• Experience reviewing and analyzing mortgage loan applications.
• Experience assessing borrower's financial documents (income, assets, credit history, employment).
• Experience evaluating property appraisals and collateral.
• Ability to calculate debt-to-income ratios and other financial metrics.
• Effective communication skills.
• Ability to stay updated on changes in mortgage lending regulations, underwriting guidelines, and industry trends.
• Experience collaborating with compliance and risk management teams.

Responsibilities

• Review and analyze mortgage loan applications to ensure accuracy, completeness, and adherence to underwriting guidelines for both conventional and government loan programs (FHA, VA, USDA).
• Assess borrower's financial documents including income, assets, credit history, and employment to determine creditworthiness and risk.
• Evaluate property appraisals and collateral to ensure they meet lending requirements and guidelines.
• Calculate debt-to-income ratios and other financial metrics to assess borrower's ability to repay the loan.
• Communicate effectively with loan officers, processors, and other stakeholders to obtain additional information or clarification on loan files.
• Issue loan approvals or denials based on underwriting findings, providing clear and concise explanations for decisions.
• Stay updated on changes in mortgage lending regulations, underwriting guidelines, and industry trends.
• Collaborate with compliance and risk management teams to ensure loan files are in compliance with regulatory standards and company policies.

What This Job Offers

• Career Level: Mid Level
• Education Level: No Education Listed