-Completes a thorough analysis of loan files to determine compliance with company, investor, and FHA/VA guidelines. Evaluates the entire credit package and collateral for residential mortgage loans and ultimately ensures an “investment” quality loan product. Checks accuracy of all calculations and data integrity.
- Completion of all required underwriting worksheets. Assists with the training of new underwriters.
- Recommends the loan disposition to underwriting manager for loan amounts in excess of authority limitation. Maintains company standard for productivity level, and complies with company policy of 48 hour underwriting turnaround time and 24 hour turnaround time for clearing conditions. Strives to meet 3 decisions/day within allotted time
- Communicates decision on loans to appropriate parties both verbally and in writing. Maintains underwriting activity logs and provides monthly underwriting report to underwriting manager. Available to processors and correspondents for general guideline interpretations and questions on specific loan files. Responds to post closing reviews and audits in a timely fashion. Performs related duties, as directed by Underwriting or Operations Manager.
-Minimum three years of mortgage underwriting experience, with solid working knowledge of underwriting -guidelines.
-Experience with private investor and private mortgage insurance guidelines.
-Strong interpersonal-communication and business-relationship skills. Detail oriented with strong organizational and follow-through skills.
-Excellent analytical, written communication and verbal communication skills.