Underwriter

NFM Lending•Ashburn, VA

22h•Onsite

About The Position

The Underwriter is responsible for mortgage loans originated by correspondents according to guidelines set by NFM Lending, FNMA, FHLMC, FHA, and VA, for underwriting loans and ensuring compliance with department guidelines, state and federal laws, and lending regulation. Position will clear conditions and expedite loan closings.

Requirements

Underwriting FHA, VA, Jumbo, and Conforming loans including High Balance and CDA.
Approve, decline or counter offer loans within limits of assigned authority.
Underwrite a minimum 60 units per month.
Maintain a daily workload as needed to ensure prompt turnaround time as dictated by senior management.
Approve, decline, or suspend/return residential mortgage loan submissions; must be responsible to meet deadlines when heavy periods of volume exist throughout the month.
Assist in correction of Delivery Violations on specific files as required.
Enter complete and accurate data in systems to ensure data integrity.
Support team members to identify potential solutions/alternatives for difficult/denied loans.
Measure all mortgage loan submissions for underwriting decisions based on company quality control plans and investor/regulatory compliance.
Function as a technical resource to business channel associates.
Assist in orientation and training of department personnel.
Maintain knowledge of underwriting guidelines and stay current with department requirements.
Provide prompt, quality service to the originating branches and correspondents in a friendly and professional manner.
Effectively communicate, work with, and build relationships with all levels of constituents including culturally and linguistically diverse staff members and external candidates and/or vendors, while operating in a fast-paced customer service driven environment.

Nice To Haves

Occasional overtime and travel may be required.

Responsibilities

Review new files and conditions within 24-48 hours.
Coach Back to Loan Originators and Processors (this would include counter-offers).
Complete the required additional products (corelogic, Fraud Guard, ComplinaceEase, Appraisal Logging, Collateral DNA, UCPD, DU/LP).
Underwrite FHA, VA, Jumbo, and Conforming loans including High Balance and CDA.
Approve, decline or counter offer loans within limits of assigned authority.
Underwrite a minimum 60 units per month.
Maintain a daily workload as needed to ensure prompt turnaround time as dictated by senior management.
Approve, decline, or suspend/return residential mortgage loan submissions; must be responsible to meet deadlines when heavy periods of volume exist throughout the month.
Assist in correction of Delivery Violations on specific files as required.
Enter complete and accurate data in systems to ensure data integrity.
Support team members to identify potential solutions/alternatives for difficult/denied loans.
Measure all mortgage loan submissions for underwriting decisions based on company quality control plans and investor/regulatory compliance.
Function as a technical resource to business channel associates.
Assist in orientation and training of department personnel.
Maintain knowledge of underwriting guidelines and stay current with department requirements.
Provide prompt, quality service to the originating branches and correspondents in a friendly and professional manner.
Effectively communicate, work with, and build relationships with all levels of constituents including culturally and linguistically diverse staff members and external candidates and/or vendors, while operating in a fast-paced customer service driven environment.
This position may require occasional overtime and travel.
Additional tasks as assigned.