Mortgage Underwriter

Principal Accountabilities

• 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]
• 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.
• Analyzes documentation such as credit, income, assets, and appraisals to make sound underwriting decisions based on this analysis by using internal checklist.
• Analyzes loan applications to identify any risk issues and/or potential misrepresentation.
• Reviews documentation and ensures documents are properly classified and organized.
• Monitors property appraisal process to ensure value of property is accurately presented.
• Reviews and clears conditions on all loans to ensure a complete loan package prior to closing.
• Have the ability to rework loans to new terms, and identify additional conditions as needed.
• Ability to work in a fast-paced, high-volume environment, while practicing sound lending judgment.

Basic Qualifications

• Bachelor’s degree with 4 years of experience in mortgage underwriting or an equivalent combination of education and experience.

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.