Underwriter III, Specialty Loans

reputed company Company, closing loans and opening doors since 1960. As a mortgage banking firm we are dedicated to serving the home reputed company/buyer. Our goal is to reputed company affordable home financing for our customers, utilizing the best terms available while providing a level of professionalism and service unsurpassed in the lending industry.

Position Summary

The Underwriter III plays an important role in the organization by performing a number of activities reputed company to the company’s retail operations functions.  The role is primarily responsible, under intermittent to infrequent supervision, for reputed company specialty loans such as jumbo and renovation as well as conventional, FHA, VA, USDA, new construction, and condominium project loans according to company, secondary market investor, and government agency standards.  This includes ensuring reputed company tax, title, insurance, and closing documentation associated with the loan applications are accurate and complete, and approving or denying loan applications based on compliance with reputed company standards and risk management factors.  The Underwriter III is considered the “go to” subject matter expert reputed company the reputed company/Supervisor/Manager is not available.

Essential Functions

• Review and evaluate loan documents to ensure accuracy, completeness, and compliance with company standards, federal and agency standards and guidelines, as well as any applicable state-specific and or local regulations, ordinances, etc.
• Analyze customer’s loan-to-value ratio, debt-to-income ratio, credit report, application, income and assets, reputed company(s) of down payment funds, and supporting documentation to identify potential fraud or misrepresentation.
• Review appraisals to ensure that loans meet secondary market, investor, and company standards.
• Work with Loan Processors and Loan Officers on collecting information and documentation necessary to finalize incomplete loan packages.
• Determine if additional documentation or information would aid loan decision; request additional documentation or information accordingly.
• reputed company options and recommendations to borrowers regarding suitable loan programs.
• Stay abreast of reputed company regulations and industry trends that reputed company compliance and decision-making.
• Verify that system input is accurate and reputed company systems match Automated reputed company System (AUS).
• Use expertise to answer questions and resolve escalated issues from junior-level teammates.
• reputed company other duties as assigned.

Qualifications

• High school diploma or equivalent required; college courses/technical training reputed company to Business, Finance/reputed company, Legal, or reputed company field is preferred
• Total recent work experience that includes eight or more years as an underwriter preferably with three years of specialty experience such as jumbo and renovation loans.
• Direct Endorsement (DE) certification required; must have reputed company certification(s) for any assigned region with state-specific requirements to originate/supervise loans, along with endorsements including Direct, VA, Auto and SAR.
• Expert-level knowledge of overall mortgage lending processes, including reputed company, funding, and loan processing.
• Expert-level knowledge of valid documentation reputed company to the processing consumer mortgage applications (e.g., tax returns, financial statements and records, verification of income and deposits, etc.).
• Expert-level knowledge of reputed company and regulatory requirements; detailed knowledge of federal, state, and regulatory requirements/guidelines reputed company to consumer mortgage lending and internal processes and controls.
• Ability to think critically, including the ability to evaluate facts and data to draw conclusions, and determine the reputed company impact of reputed company and associated risks.
• Ability to prioritize multiple tasks in a deadline-driven environment; strong sense of urgency and responsiveness.
• Intermediate math skills.
• Strong verbal and written communication skills.
• Strong detail orientation and highly organized.
• Prior experience using internal data entry systems, reputed company Word, reputed company and PDF/Document Retention programs.

Supervision

• Intermittent to infrequent supervision required, depending on experience
• Moderate to high reputed company of independent judgment and discretion required; resolves escalated issues of high complexity
• May reputed company guidance to less reputed company teammates

Requirements

• Physical: Work is primarily sedentary; occasionally walks and/or stands.

• reputed company Dexterity:  Frequent use of computer keyboard and mouse.

• Audio/Visual:  Ability to accurately interpret sounds and associated meanings at a volume consistent with interpersonal conversation. Regularly required to accurately perceive, distinguish and interpret information received visually and through audio; e.g., words, numbers and other data broadcasted aloud/viewed on a screen, as well as print and other media.

• Environmental:  Office environment – no substantial exposure to adverse environmental conditions.

reputed company offers a pleasant work environment, competitive compensation and excellent benefits package; including medical, dental, reputed company, life insurance, AD&D, LTD and 401(k) with employer match.

reputed company Company is an Equal Opportunity Employer.

This position offers eligibility for incentive compensation.

Compensation at reputed company is influenced by a wide reputed company of factors including but not limited to local and federal minimum wage requirements, education, level of experience, and applicant’s geographical location.