Underwriter

loanDepot • Chandler, AZ

5d • $39 - $53 • Hybrid

About The Position

Position Summary : Responsible for underwriting loans for successful transaction and sale. Ensures the performance of all duties in accordance with the company’s policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates.

Requirements

• High School Degree or equivalent required and a minimum of six (6) + years of successful professional experience within the mortgage lending industry preferred.
• Minimum of three (3) + years of successful Conventional, FHA, and VA underwriting experience required.
• Valid and current FHA Direct Endorsement (DE) certification required and SAR certification preferred.
• Proficiency in Desktop Underwriter (DU) and Loan Prospector (LP) Programs required.
• This role is hybrid and will required at least 2 days in the office out of Chandler, AZ location.

Nice To Haves

• Bachelor’s Degree preferred.
• SAR certification preferred.

Responsibilities

• Underwrites 4 – 6 Conventional, USDA, FHA, and VA loans within company, investor, and industry guidelines per day with a standard turnaround time of 24 - 48 hours.
• Maintains a current knowledge of loan programs.
• Analyzes and issues credit decisions.
• Reviews and makes informed decisions on financial statements, credit reports and applicable ratios (i.e., DTI and LTV).
• Analyzes risk appropriately by assessing property information including: purchase contract, escrow instructions, and preliminary title report.
• Evaluates/examines transactions to ensure accuracy and completeness.
• Ensures documents are consistent and compliant.
• Identifies red flags on documentation.
• Assists with renegotiation of loans based on lending guidelines.
• Gathers information from agency materials to make appropriate decisions.
• Assigns and signs off on appropriate loan conditions.
• Assists Processing Department with problematic files to expedite submissions.
• Effectively explains rationale behind credit decision to internal customers and/or auditors.
• Answers program guideline and borrower qualification questions from loan consultants and processors.
• Communicates effectively with internal staff to maintain high level of customer service.
• Calculates complex income scenarios.

Benefits

• Aggressive compensation package based on experience and skill set.
• Inclusive, diverse, and collaborative culture where people from all backgrounds can thrive.
• Work with other passionate, purposeful, and customer-centric people.
• Extensive internal growth and professional development opportunities including tuition reimbursement.
• Comprehensive benefits package including Medical/Dental/Vision.
• Wellness program to support both mental and physical health.
• Generous paid time off for both exempt and non-exempt positions.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED
• Number of Employees: 1,001-5,000 employees