Mortgage Underwriter

Hauppauge, New York, United States
Full-time
Posted

Description

The Mortgage Underwriter is responsible for due diligence credit decisions and credit management for mortgage loans.


Education & Experience:

  • Associates degree or a minimum of four years directly related experience required.
  • Minimum three years of mortgage loan experience with at least one year as a mortgage underwriter.

Job Responsibilities:

  • Underwrites mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk or loss.
  • Assesses risks to determine approval status.
  • Responsible for conducting a detailed credit analysis based on information furnished by the borrower, publicly available information, the lender's evaluation of the borrower's credit needs, and the ability to pay across a range of products against credit standards set by Teachers
  • Reviews various documents which define the assets, credit, collateral, and income of a member
  • Determines if the member has met all of the established FNMA guidelines that regulate the mortgage lending process.
  • Issues and reviews conditions needed to approve a loan
  • Ensures that all information presented and contained in the mortgage loan file is complete and accurate, and performs necessary calculations of income, mortgage payments, and financial ratios, and related items.
  • Periodically reviews loan samples to ensure that all loan requirements have been satisfied by inspecting documents and recalculating various loan requirements and provisions.
  • Provides detailed explanations to members of the reasons why their loan was not approved by meeting with members or communicating through other means.

Want to receive similar offers?

Subscribe to stay up to date.

You can unsubscribe at any time.