Remote Underwriter
About The Position
The Compliance Underwriter is responsible for performing compliance reviews within the TRID 3.0 and TRID 1.0 scopes to ensure federal and state regulatory requirement and guidelines are met. Responsible for compliance underwriting, due diligence, portfolio analysis, and compliance review projects. This position is classified as a Transactional Employee (TE). Transactional Employees are assigned to work on an “as needed” or project basis. The variable nature of the transactional role cannot guarantee a 40-hour work week. Transactional employees are typically designated to work on a deal or a particular client assignment. At times, work may be reduced, and there may be occasional periods of no work. Efforts will be made to assign work, but work is entirely dependent on client needs.
Requirements
- HS Diploma/GED
- 3+ years of relevant industry experience required.
- 3+ years securitization experience required.
- 3+ years of recent frontline (manual and automated) underwriting experience with Conventional, FHA and/or VA Knowledge along with A Paper, B/C Paper, Non-Confirming and Conforming, and Sub-Prime residential, Non-QM and QM products.
Nice To Haves
- Associate/Technical Degree Preferred
Responsibilities
- Review and capturing loan data from mortgage documents including but not limited to Mortgage, Note, Right of Rescission, Loan Estimate, Closing Disclosure, Good Faith Estimate, 1003, appraisal, etc.
- Review Hud-1, Closing Disclosures, Loan Estimates, TIL and other mortgage disclosures for completeness and accuracy
- Analyzing and capturing settlement fees for state and federal testing
- Identifying potential problems within the underwriting administrative process and identifying compliance irregularities within the loan file
- Manage individual workflow to ensure daily volume and quality goals are met
- Evaluating the disclosure process including but not limited to the delivery, timing, required verbiage, execution and completeness of all State and Federal documentation.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
Number of Employees
5,001-10,000 employees
