Condition Underwriter (Retail)

About the role

This position is responsible for the timely and accurate review of conditions required by the Credit Underwriter in order to issue final loan approval. Items required in condition reviews include, but are not limited to credit, employment, income, financial data, and asset documentation.

Responsibilities

• Responsible for reviewing 14-16 Condition files per day while minimizing any risk to the company by ensuring the documentation provided meets the requirement set forth by the credit underwriter and compliance with our investors, agencies, HUD, VA, USDA or HFA’s, as applicable.
• Communicate with Internal and External Sales Partners, Underwriters, Processors/BCs, Closers, etc. on condition items that are unable to be cleared.
• Remain updated on all investor, agency, FHA, VA, UHM guideline changes along with any overlays.
• Ensure the accuracy of all necessary criteria for specific loan types, products, rates, applicable documentation, and data.
• Maintain Quality Control ratings within company standards.
• Attend appropriate seminars, live and recorded courses to keep abreast on current market trends and developments.
• Provide training support to sales force, as needed.
• Listen in on departmental huddles and assist loan officers, broker partners, and/or NDC Clients with scenarios and explaining any conditions that are not clear to them.

Requirements

• 3-5 years of experience in Prefunding QC, Underwriting Help Desk Capacity, Sr. Processing or similar Mortgage Condition Clearing Capacity and complete knowledge of the mortgage business
• Bachelor’s degree preferred or equivalent work experience
• Experience with FHA/ VA/ USDA/ Agency loans
• Knowledge of Encompass LOS

Skills

• Strong analytical skills, especially in credit and risk, along with decision making skills.
• Effective interpersonal skills and technical report writing skills.
• Attention to detail.
• Personal organization
• Adaptability and flexibility
• Ability to meet strict deadlines and demonstrate a sense of urgency as applicable.
• Fosters teamwork
• Uses sound judgement
• Comfortable using financial/ quantitative data