Scenario Desk Underwriter

Fairway Independent Mortgage Corporation • TX - Remote, TX

8d • Remote

About The Position

The Scenario Desk Underwriter provides our branch network with accurate, timely underwriting guidance on complex aspects of the loan file. By resolving complicated borrower, income, or credit issues early in the process, you will save production underwriters time and ensure a smoother path to closing.

Requirements

• 5+ years of residential loan underwriting experience, ideally working with Mortgage Brokers and managing complex, unique cases.
• Proficiency with Fannie Mae Desktop Underwriter (DU), Freddie Mac Loan Product Advisor (LPA), and Encompass.
• Solid understanding of mortgage lending regulations and guidelines, including FHA, VA, USDA, FNMA, FHLMC, TILA, RESPA, and Predatory Lending laws.
• Deep knowledge of mortgage insurance (MI) guidelines, investor products, compliance, and how the processing and closing functions fit into the entire real estate lending lifecycle.
• Strong problem-solving, critical-thinking, and data-analysis skills.
• Ability to build great internal relationships and manage detailed work under tight deadlines.

Nice To Haves

• Experience with common fraud-detection tools is a plus.
• Credit signing authority and experience with repurchase response or rebuttal review/preparation are highly preferred.
• DE and VA SAR certifications are highly preferred.

Responsibilities

• Evaluate challenging borrower, credit, and income situations before the loan file is fully submitted.
• Review intricate tax return calculations for self-employed individuals, rental income, and non-employment-related income.
• Determine the eligibility of overtime pay, bonuses, and commissions.
• Review files with unique credit profiles, including insufficient credit or extenuating circumstances regarding bankruptcies, foreclosures, or short sales.
• Review residency status, Non-Permanent Resident designations, non-purchasing spouses, and interested-party contributions.
• Offer alternative financing solutions to the branch network whenever possible, and answer incoming questions submitted to the "Ask Underwriting" queue.
• Contribute to a positive team environment, support department goals, and participate in special projects as needed.

Benefits

• Customer service is at the heart of everything we do.
• We deliver personalized loan solutions with some of the fastest turn times in the industry.
• Our mission is to act as trusted advisors, guiding clients through every step of the mortgage process to exceed expectations and ensure satisfaction.
• Our culture promotes innovation, growth, and collaboration, offering exciting career paths and professional development.
• Whether you're starting out or advancing your career, Fairway is a place where your skills and ambitions can thrive.
• We strive to make a meaningful impact in the communities we serve by living out our core values daily.
• Explore rewarding career opportunities at Fairway, from branch-based roles to corporate support positions.
• Join a team dedicated to helping others and achieving success together.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed