Mortgage Underwriter Jobs

About The Position

Requirements

• Minimum 5 years’ underwriting experience with exposure to both manual and automated underwriting environments.
• Knowledge of FNMA, FHLMC, FHA, VA, and USDA guidelines.
• Knowledge of transaction components that indicate a potential for fraud.
• Proficient in Microsoft Office (Word, Excel, PowerPoint).

Nice To Haves

• Ellie Mae Encompass experience, preferred.

Responsibilities

• Re-underwriting closed loan files to ensure that the loan meets agency or lender guidelines including but not limited to credit report review, income calculation, asset analysis and collateral assessment.
• Exercise delegated lending authority to render final underwriting decisions, including loan approvals, suspensions, and denials, while ensuring compliance with regulatory and investor requirements.
• Review compliance documentation to verify adherence with any federal and state laws.
• Analyze closing documentation such as mortgage note, CD, TRID to ensure properly executed, IPCs are not excessive, and fees are within federal/state tolerances.
• Perform investigations to identify potential fraud through utilization of resources or re-verification of documents such as Lexis Nexis, written/verbal verifications, etc.
• Attend regular meetings to discuss defects discovered from investor delivery or investors which are causing delays in purchase of loans from warehouse lines.
• Collaborate with underwriting, sales processing, etc. to cure defects that are delaying loan from being purchased from warehouse line.
• Prepare formal written responses to agencies/investors in which an audit has been performed and deficiencies discovered.
• Perform accurate reporting of true deficiencies discovered for training and development opportunities.
• Coordinate with the legal department regarding any potential fraud discovered to determine if SAR report should be filed.

Benefits

• medical
• dental
• vision
• 401K
• company-provided short-term disability
• employee assistance program
• wellness program