Senior Mortgage Underwriter

Filo Mortgage•Conshohocken, PA

5d•Remote

About The Position

Filo Mortgage, L.L.C. is seeking a Senior Mortgage Underwriter to join our team. This position is fully remote and is a full-time, regular W-2 position. The incumbent must have both DE and SAR designations and have strong experience underwriting VA, FHA and conventional loans. In this role you will evaluate borrower income, analyze credit reports and debt information, determinate and review assets and collateral, and review mortgage file it ensure it meets investor requirements.

Requirements

Subject Matter Expert (SME)
Self-Employed Borrowers
FHA, VA Guidelines
Calculation of Rental Income
Analysis of Collateral and Valuation Options
Fraud Guard or similar Fraud Tool
Loan Structure and Providing Path Forward when indicated
5 years of mortgage related and underwriting experience
Two or Four year college degree or completion of specialized course of study in business, finance or related field, or equivalent professional experience
Deep knowledge of agency underwriting guidelines
Experience analyzing pay stubs, W-2s, tax returns and profit and loss statements
Experience with DU and LP
Strong analytical, auditing, research and decision making abilities
Strong attention to detail
Excellent verbal and written communication and problem solving skills

Responsibilities

Analyze information from multiple sources to perform a thorough evaluation and assessment of each borrower including credit, income and assets
Analyze appraisals to ensure they are done in accordance with guidelines and that the value is supported
Thorough knowledge of agency and government underwriting guidelines
Detail oriented team player who can not only decision a loan but work with teammates on ways to structure loans to get approvals and minimize risk
Own the credit decision on files from initial underwriting submission through clear to close
Monitor mortgage pipeline to ensure closing dates are met
Keep informed of current trends in mortgage lending and market factors affecting mortgage risk