Underwriter

AMERICAN BANCSHARES MORTGAGE LLC•Miami, FL

6d•Hybrid

About The Position

The Underwriter is responsible for validating income, asset, and collateral documents including self-employed tax returns. The Underwriter may be involved in one or several types of mortgage lending including, but not limited to, conventional, FHA, government, USDA, etc.

Requirements

Bachelor’s Degree or equivalent combination of education and experience
5+ years of recent Mortgage Underwriting Experience (FHA, VA and Conventional) with strong agency guideline knowledge
Strong working knowledge of USDA
Strong working knowledge of ATR/QM Requirements
Ability to work in a fast paced, fluid environment and be held to minimum production standards
High integrity and outstanding work ethic required
Strong computer skills; proficient in Microsoft Word, Excel and Outlook
Must have proficient written and verbal communication skills
Knowledge of compliance and disclosure requirements
Knowledge of closing, post-closing & quality control responsibilities

Nice To Haves

DE, SAR and LAPP certifications are a plus
Encompass LOS experience is a plus

Responsibilities

Reviews and analyzes individual residential mortgage loan requests to determine approval or denial.
Reviews financial statements, credit reports, ratios (i.e. Debt ratios, loan-to-value), appraisals, title reports and other relevant file documentation.
Validates income and employment information, and value of a borrower's collateral and assets.
Reviews submitted files to qualify for Fannie Mae, Freddie Mac, FHA, VA, and USDA (Rural Development) guidelines as per automated findings.
Reviews and evaluates information on mortgage loan documents to determine if conditions meet established investor standards.
Ensures that the property specifications and loan terms meet financial institution requirements and government regulations.
Ensures compliance with industry standards, state and federal laws and disclosure requirements.
Communicates loan decisions to internal lenders, coordinators and/or processors.
Documents the reasons for approval or denial of the loan in the loan file.
Underwriter will work remotely and may be required to work from the office based on company needs. Advance notice will be provided should this be the case.