Underwriter
About The Position
The Underwriter evaluates and determines the eligibility of loan applications which includes analyzing and verifying documentation within the application, evaluating risk, and making loan eligibility decisions. A successful Underwriter should be able to exercise sound judgement based on detailed analysis and ensure that all documentation is in compliance with relevant regulations/guidelines. The Underwriter reports to the Underwriting Manager. The Underwriter will work closely with loan processors and/or loan originator in providing guidance on what documents a necessary to complete the loan review.
Requirements
- High School diploma or equivalent required
- Minimum of four years’ recent experience underwriting new originations.
- Strong interpretive reasoning and problem-solving ability and excellent analytical skills
- Excellent interpersonal, oral, and written communication skills.
- Excellent organizational skills
- Self-disciplined, self-motivated, and self-reliant.
- Proficiency in Microsoft Office and the ability to learn and work with various Mortgage applications and software.
- Ability to relate and communicate in a professional manner with all levels of management as well as internal and external contacts.
- Ability to prioritize and perform constantly changing multiple tasks in a very fast paced environment.
Nice To Haves
- College degree preferred
- FHA certification preferred
- Experience with Encompass preferred.
Responsibilities
- Review and verify loan application and supporting documents to investor/agency guidelines.
- Make credit decisions (approved, suspended or denied), clear conditions, review, and complete change requests.
- Analyzing risk and requesting additional information, as necessary
- Review and calculate income.
- Review appraisals to ensure investor / agency acceptability.
- Maintain knowledge of underwriting guidelines and loan programs.
- Complete assigned loan reviews within required timeframe.
- Complete computer data entry as needed in Loan operating system.
- Complete Underwriting Certifications, as necessary
- Documenting and effectively communicating reasons for approval, suspense and/or denied loans.
- Perform other related duties and assignments as required.
- Incumbent will be responsible for meeting RoundPoint’s commitment to quality.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
