Mortgage Underwriter

Cary, North Carolina, United States
Full-time
Posted

Description

SUMMARY:

This position will ensure loans meet company standards for sale into secondary market. Person will identify, analyze and balance transactional, borrower and property related risks to arrive at a loan decision of approval, suspense, counter offer or denial.


PRINCIPAL ACCOUNTABILITIES:

Time:


Description:


10%


Reviews all items and conditions provided by borrowers and ensures they meet the required guidelines by utilizing internal and external (e.g., agency) policies and procedures [e.g., automated underwriting systems such as DU or LPA]


10%


Reviews applications and all pertinent disclosures to ensure compliance with all Federal, State and investor requirements are met and upheld


10%


Monitors property appraisal process to ensure value of property is accurately presented


10%


Analyzes documentation such as credit, income, assets, and appraisals to make sound underwriting decisions based on this analysis by using internal checklist


10%


Analyzes loan applications to identify any risk issues and/or potential misrepresentation.


10%


Reviews documentation and ensures documents are properly classified and organized


10%


Makes quality underwriting decisions while maintaining Company turn-time expectations


10%


Reviews and clears conditions on all loans to ensure a complete loan package prior to closing


10%


Have the ability to rework loans to new terms, and identify additional conditions as needed.


10%


Ability to work in a fast-paced, high volume environment, while practicing sound lending judgment.


BASIC QUALIFICATIONS:

Bachelor's degree with three years experience in mortgage underwriting including conventional, FHA, VA, RD and/or specialty program underwriting.


ADDITIONAL QUALIFICATIONS:

  • Must have an active DE CHUMS and SAR number.
  • Must be familiar with all investor guidelines.
  • Working experience with DU, LP and GUS underwriting systems.
  • Extensive knowledge of residential appraisal deficiencies according to USPAP.
  • Experience with FHA/VA new-construction documentation, and condominium project approval requirements.
  • Experience handling multiple investors.
  • Possess excellent communication and organizational skills.

Want to receive similar offers?

Subscribe to stay up to date.

You can unsubscribe at any time.