Correspondent Credit Specialist
Correspondent Credit Specialist
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
Overview
Responsible for pipeline management for loans with escalated Underwriting conditions from the review team in accordance with company and investor guidelines. The duties for a Credit Specialist but are not limited to those described below.
Essential Job Functions:
- Communication: Maintain effective communication (liaison) with Correspondent Partners internal staff and Account Executives
- Organization: Ensures loan files are complete with all outstanding issues addressed.
- Equipment: Uses such office equipment as computer terminals copiers and FAX machines.
- Physical: Sits for extended time periods. Hearing and vision within normal ranges.
Responsibilities
- Completes a thorough analysis of loan files to determine compliance with company and investor guidelines.
- Evaluates the entire credit package and collateral for residential mortgage loans and ultimately ensures an investment quality loan product.
- Checks accuracy of all calculations and data integrity.
- Maintains company standard for productivity level.
- Communicates decision on loans to appropriate parties both verbally and in writing.
- Maintains seasoned logs and provides monthly underwriting report to manager.
- Available to Correspondent or Account Executive for general guideline interpretations and questions on specific loan files.
- Responds to post closing reviews and audits in a timely fashion.
- Performs related duties as directed by Manager.
Qualifications
- Minimum three years of mortgage underwriting experience with solid working knowledge of underwriting guidelines.
- Experience with private investor and private mortgage insurance guidelines.
Skills:
- Strong interpersonal-communication and business-relationship skills.
- Detail oriented with strong organizational and follow-through skills.
- Excellent analytical written communication and verbal communication skills.
- Technologically proficient.
Education:
- Bachelors degree in related field or equivalent professional experience.
Min
Max
Required Experience:
Unclear Seniority
Employment Type
Full-Time
