Government Underwriter DE FHA

Guaranteed Rate • Chicago, IL

5d

About The Position

Rate is one of the nation’s top retail mortgage lenders, delivering a seamless, tech-driven experience that helps customers reach their homeownership and financial goals. Founded in 2000 and based in Chicago, Rate is licensed in all 50 states and D.C. and has helped over 2 million homeowners with a wide range of loan products, competitive rates and personalized service. With 5,000+ employees across 300+ offices and 12+ subsidiaries, Rate’s Loan Officers rank among the best in the country. From purchases and refinances to tapping into equity, Rate makes financing faster, simpler and less stressful. Our technology — including Same Day Mortgage, the Rate App, FlashClose℠, MyAccount and the Language Access Program — has earned recognition from HousingWire, Scotsman Guide, NerdWallet, the Chicago Tribune and Crain’s Chicago Business. Learn more at rate.com.

Requirements

• 7+ years of mortgage underwriting experience.
• 5+ years of FHA, Conventional, and USDA/RD underwriting experience.
• Experience with underwriting to multiple lender guidelines and requirements.
• Knowledge of Fannie Mae/DU and Freddie Mac/LP guidelines and automated underwriting systems.
• Critically examine credit, income and asset documents and review title policy and appraisals.

Nice To Haves

• Encompass and GUS experience are preferred.

Responsibilities

• Underwriting of residential loans ensuring compliance with appropriate company and investor standards.
• Examining loan documentation for accuracy and completeness.
• Working with loan originator or production staff to secure all required documents.
• May be involved in one or several types of mortgage lending (conventional, government-backed, etc.).
• May be required to work with more senior mortgage underwriters on loan exceptions.
• Having the authority to withdraw and decline loans.
• May also be required to respond directly to individual and investor audits.
• Includes all levels of underwriting authority and exception levels.

Benefits

• Eligibility to participate in a company-sponsored 401(k)
• Vacation benefits
• Eligibility for medical, dental, vision, and prescription drug benefits
• Flexible benefits (e.g., healthcare and/or dependent day care flexible spending accounts)
• Life insurance and death benefits
• Critical care insurance
• Personal accidental insurance
• Commuter benefits
• Pet insurance
• Certain time off and leave of absence benefits
• Well-being benefits (e.g., employee assistance program)
• Other supplemental benefits (e.g. legal planning assistance; identity theft protection; pet insurance; wellness resources)

What This Job Offers

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