Government Senior Underwriter

Key Responsibilities

• 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 Desktop Underwriter (DU)]
• Knowledge of FHA, VA, and USDA guidelines is a must, including thorough knowledge of the 4000.1 HUD Handbook and VA Lender’s Handbook.
• Direct Endorsement (DE) is a must, and LAPP/SAR certifications are preferred.
• Knowledge of Ginnie Mae, Fannie Mae, and Freddie Mac is a must.
• Wholesale / Correspondent experience is preferred.
• Non-QM experience is preferred.
• Ensures that Company operating standards are met for underwriting and compliance by utilizing internal and external (e.g., agency) policies and procedures.
• Reviews applications and all pertinent disclosures to ensure compliance with all Federal, State, and investor requirements are met and upheld.
• Makes quality underwriting decisions while maintaining Company turn-time expectations.
• Reviews and clears conditions on all loans to ensure a complete loan package prior to closing.
• Utilizes proprietary and online tools [e.g. WebLGY, FHA Connection, Mortgage Electronic Registration System (MERS), AVM’s, etc.] to help combat fraudulent activity and ensure quality loan decisions.
• Have the ability to rework loans to new terms and identify additional conditions as needed.
• Must be able to provide quick and accurate answers on multiple loan project guidelines.
• Engages specific strategies (e.g., determines appropriate individuals to resolve escalated customer issues, etc.) to resolve customer questions and concerns.
• Continually reviews underwriting environment, and suggests improvement opportunities to management.
• Acts as a recognized subject matter expert within the Company and partners with management on underwriting-related issues by providing analytical support, and counseling advice for their functional areas.

Qualifications

• Intermediate knowledge in Microsoft Word, Excel, Outlook, DocMagic, and Adobe
• Expert knowledge of conventional and government loan underwriting and selling guidelines (e.g. Ginnie Mae, Fannie Mae, Freddie Mac, FHA, VA, etc.)
• Exceptional customer service
• Excellent attention to detail
• Ability to communicate effectively with all levels