Underwriter

The Underwriter’s primary responsibilities include reviewing mortgage files submitted to Underwriting. This position requires calculating income, analyzing debt and assets, as well as completing an in-depth review of the completed appraisal and title. Additional responsibilities include entering data into the client’s loan operating system, performing a manual underwrite, clearing conditions for Final Approval and communicating outstanding requirements to customers. Candidates must possess a strong sense of urgency with an ability to work in a team environment, maintaining excellent organization and communication skills, maintaining high level of quality standards and commitment to a superior level of customer service.

Essential Job Functions

• Maintain conforming signing authority and quality standards
• Maintain current knowledge of client and investor requirements
• Perform complete and in-depth review of mortgage loan files including; income (inclusive of rental income, IRA, annuity and 401K), assets, credit and collateral
• Utilize client’s loan operating system to ensure accurate data entry
• Evaluate and ensure overall loan documents are accurate, complete, and compliant
• Manually underwrite loans in accordance with client guidelines
• Restructure non-conforming loans in order to meet conforming loan limits
• Complete POA review
• Identify and / or clear red flags or alerts
• Issue loan decision and condition file accordingly
• Review and approve conditions for compliance and completion of loan file
• Provide excellent customer service to internal and external clients
• Assist Processors / Loan Officers in understanding underwriting decisions and conditions
• Resolve pre and post-closing issues as they relate to underwriting

Requirements :

o Strong knowledge of income calculations, tax returns, reading credit reports, identifying red flags

o Knowledge of appraisal and title, and ability to recognize red flags and ineligible properties