Non-Delegated Underwriter IV
About The Position
As a Mortgage Underwriter IV, you will be responsible for underwriting Government and Conventional loans by reviewing the credit, capacity, and collateral characteristics of loan files to ensure they meet company and investor quality standards. You will be responsible for reviewing and clearing underwriting conditions on Conventional and Government loans in compliance with current guidelines and overlays. The Mortgage Underwriter IV will have the capacity and skillset to perform the underwriting role across organization channels (Delegated, Non-Delegated, Retail). You will manage your individual pipeline on a daily basis by completing Underwriting Reviews, appraisal reviews, and conditions reviews within defined turn times as applicable. You will identify any document deficiencies, add applicable conditions, and request additional information and/or documentation from customers as needed. You will provide customers with updates and clarification on outstanding conditions and deficiencies identified on loans per established process. You will also assist others in the department in interpreting underwriting guidelines and updating underwriting status and conditions to customers. You will perform independent research of guidelines and overlays while reviewing loans. You will underwrite loans across all of the channels (Delegated, Non-Delegated, Retail).
Requirements
- 8+ years of related experience in Mortgage Industry, Residential Mortgage Loan underwriting or similar field.
- High school diploma required.
- Advanced knowledge of residential mortgage industry in Correspondent or Retail Lending; including sales, operations, and/or other residential mortgage products and services.
- Advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
- Advanced knowledge of FNMA, FHLMC, FHA, VA and USDA Guidelines.
- Intermediate knowledge of MS Office products.
- Intermediate knowledge of Encompass.
- Advanced speaking and writing communication skills.
- DE or SAR certification required.
Responsibilities
- Underwriting Government and Conventional loans by reviewing the credit, capacity and collateral characteristics of loan files to ensure it meets company and investor quality standards.
- Reviewing and clearing underwriting conditions on Conventional and Government loans in compliance with current guidelines and overlays.
- Performing the underwriting role across organization channels (Delegated, Non-Delegated, Retail).
- Manage individual pipeline on a daily basis by completing Underwriting Reviews, appraisal reviews and conditions reviews within defined turn times as applicable.
- Identify any document deficiencies, add applicable conditions, and request additional information and/or documentation from customers as needed.
- Provide customers with updates and clarification on outstanding conditions and deficiencies identified on loans per established process.
- Assist others in the department in interpreting underwriting guidelines and updating underwriting status and conditions to customers.
- Perform independent research of guidelines and overlays while reviewing loans.
- Underwrite loans across all of the channels (Delegated, Non-Delegated, Retail).
Benefits
- competitive salaries
- an ownership stake in the company
- medical and dental insurance
- time off
- a great 401k matching program
- tuition assistance program
- an employee volunteer program
- a wellness program
- opportunity to bolster business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
High school or GED
