Underwriter

ESSENTIAL DUTIES AND RESPONSIBILITIES :

Complete credit re-underwrite on all loan files pursuant to AUS findings or manual loan approvals.

Analysis of property appraisal to determine if value is supported and property meets all eligibility requirements.

Analysis and recalculation as required of all borrower income sources.

Analysis of borrower’s debt load and calculation of debt to income ratio.

Make determination that loan elements are acceptable to appropriate investor guidelines.

Interpret the results of any re-verifications received at the time of the QC review and cite defects accordingly.

Enter defined loan data into Quality Control system.

Complete review of all closing documents and disclosures on all loans files, as able.

Analysis of Note, Mortgage, and Assignment with emphasis on accuracy.

Check file for all legal documents.

Perform appropriate High Cost, APR, Amount Financed, and State Predatory tests in the Compliance Review system.

Comment on loan inaccuracies, deficiencies, and missing items.

Assign loan level defects pursuant to the severity and type of deficiency with an emphasis on overall investor and agency risk.

Ability to meet daily productivity goals.

Ability to achieve and maintain quality standards.

Maintains consistent schedule for training and mentoring with QC Auditor II or above.

Performs other duties as required.

EDUCATION AND / OR EXPERIENCE :

A minimum of 1-5 years’ mortgage underwriting, mortgage processing and / or quality control experience, some knowledge of Fannie Mae, Freddie Mac, FHA, and VA lending is required.

Bachelor’s degree in business, or related field; or equivalent work experience.

Knowledge of lending compliance such as TRID is highly desired.