Underwriter - Mortgage Insurance

Essent Guaranty•Radnor, PA

2d•Remote

About The Position

Essent Group Ltd. is a Bermuda-based holding company serving the housing finance industry by offering private mortgage insurance, reinsurance, risk management products, and title insurance and settlement services. They focus on managing risk and being a strong counterparty, bringing private capital and risk management to the mortgage insurance industry. This individual contributor role works under regular supervision, reviewing and underwriting mortgage insurance applications to determine risk acceptability according to Essent guidelines. The position requires maintaining productivity, quality, and service level standards while delivering sound underwriting decisions and exceptional customer service.

Requirements

High School diploma/GED
Three (3) years of underwriting experience in the mortgage banking industry required
Superior customer service skills
Ability to work independently with minimal supervision
Self-motivated and detail oriented
Excellent organizational, technical and relationship skills
Excellent verbal and written communication skills
Capable of presenting difficult responses in a positive manner to protect client relationships
Ability to maintain quality standards while maintaining acceptable productivity levels
Expertise knowledge of Fannie Mae/Freddie Mac underwriting guidelines and DU/LPA automated underwriting systems.
Capable of performing complex self-employment income calculations
Experienced user of Microsoft Office suite and ability to work effectively with imaging and workflow systems
Excellent time management skills with the ability to manage multiple priorities with conflict deadlines
Strong collaboration and teamwork focus with ability to work productively as part of a team and as an individual contributor

Nice To Haves

Bachelor’s degree in business or related field preferred
Specific mortgage insurance industry experience, including knowledge of premium coverage requirements, desirable
Willingness to participate in overtime and weekend work when needed to support Essent turn-time service level agreements.

Responsibilities

Underwrite mortgage insurance application files for acceptable risk based on published guidelines.
Analyze loan characteristics and risk factors to determine mortgage insurance eligibility and make sound underwriting decisions in accordance with published underwriting guidelines.
Document underwriting decisions, conditions, and rationale accurately within company systems and workflow tools.
Apply Essent underwriting guidelines, lender-specific variances, and any approved underwriting programs consistently while exercising appropriate underwriting judgment.
Execute tasks to meet established productivity and quality metrics.
Work closely with Lenders, Essent BD Team members and appropriate Manager for guideline and process clarification, in addition to effectively communicating loan level decisions.
Participate in training, staff meetings, and respond to QA reviews.
Perform other duties as assigned by management.