Underwriter

Responsibilities

• Underwrite residential loans ensuring compliance with agency and investor standards.
• Examine loan application and documentation for accuracy, completeness, and overall credit risk.
• Work with loan originator and production staff to secure all required documents.
• May respond to individual and investor audits.

Requirements

• Assess risk and evaluate a borrower’s willingness and ability to repay by reviewing the loan application, credit history/liabilities, assets, income, and collateral.
• Calculate basic and complicated income scenarios including evaluating tax returns and calculating income for self-employed borrowers.
• Must have experience reviewing appraisals and warranting condo projects.
• Meet production and turn time goals (underwriting 2-3 new loans per day).
• Working knowledge of guidelines for FNMA, FHLMC and FHA required.
• DE certification required.
• VA SAR/LAPP certifications, renovation, jumbo and or USDA experience is a plus.
• Minimum of 5-7 years of underwriting experience.

Qualifications

• Strong detail orientation and organizational and time management skills.
• Ability to make assertive, logical, and compliant decisions.
• Excellent verbal and written communication skills.
• Ability to multi-task and adapt quickly in an ever-changing market.
• Ability to work effectively in a positive and professional manner under time constraints.

Skills

• Thorough knowledge of Desktop Underwriter, Loan Prospector and FHA Total Mortgage Scorecard.
• Experience with Encompass loan software is helpful.
• Proficiency in Microsoft Office.
• Ability to pick-up new LOS systems and understand new software quickly.

Education and Experience

• Bachelor’s degree (BA/BS) or work experience equivalent.
• 5-7 years previous mortgage underwriting experience.
• DE to underwrite FHA loans required.
• VA credit certification/LAPP approval appraisal review for VA loans a plus.
• Current knowledge of agency and investor requirements.

Technical / Computer Skills

• Thorough knowledge of Desktop Underwriter, Loan Prospector and FHA Total Mortgage Scorecard.
• Experience with Encompass loan software is helpful.
• Proficiency in Microsoft Office.

Personal Traits / Competencies

• Strong detail orientation.
• Organizational and time management skills.
• Ability to make assertive, logical, and compliant decisions.
• Excellent verbal and written communication skills.
• Ability to multi-task and adapt quickly in an ever-changing market.
• Ability to work effectively in a positive and professional manner under time constraints.