Underwriter, TPO Scenario Desk

AMERICAN HERITAGE LENDING LLC• US,

7d•$88,000 - $104,000•Hybrid

About The Position

The Underwriter evaluates and determines a credit decision and the eligibility of loan applications. Exercising sound independent judgment based on detailed analysis, the Underwriter is responsible for analyzing and verifying loan applications, evaluating risk, and making loan eligibility decisions ensuring that all documentation follows the relevant regulations.

Requirements

Skilled in effective written and verbal communication.
Advanced working knowledge of Microsoft Office products and automated underwriting systems.
Knowledge of lenders’ policies and procedures.
Proficient knowledge in Encompass.
High mathematical aptitude.
Ability to analyze and interpret data sufficient to render a sound business decision.
Ability to gather and monitor information, track and record changes in accordance with regulations.
Ability to analyze large volumes of documents while maintaining attention to detail to ensure all risk factors are identified and conditioned.
Ability to work in a fast paced, agile environment; meet tight deadlines; and plan for and anticipate eleventh-hour changes; highly organized and able to prioritize.

Responsibilities

Manually reviews loan application, loan documents and third-party documents (i.e., appraisal, title, flood, fraud) to determine a credit decision on Non-QM Programs.
Reviews Borrowers’ conditions and third-party documents for loan programs that have an automated underwriting decision.
Reviews DU verification messages/approval conditions. Verifying the accuracy and integrity of all loan data entered into the system.
Calculates income, reviews assets and liabilities.
Documents all loan exceptions and compensating factors.
Maintains knowledge of all policies and modifications to the guidelines and standards of the Company, federal housing programs, investors, and private mortgage insurers.
Updates loan application information within loan origination software and other applications.
Analyzes documentation collected to ensure it meets guidelines or if other documentation is needed; ensures loan application follows underwriting, investor, RESPA, and HMDA guidelines.
Identifies Changes in Loan to ensure appropriate disclosures are provided to the Borrower in a timely manner.
Completes HMDA Data and Denial Letters for ineligible loans.
Documents and effectively communicates reasons for approval/rejection of loans.