The Role
SoFi is looking for Underwriters to review and conduct the appraisal of applications for Mortgage Loans. Underwriters use knowledge and independent judgment to determine eligibility of risks when compared to guidelines of programs available. The ability to maintain a positive work atmosphere by acting and communicating in a manner that you get along with customers co-workers and managers is a must!
What youll do:
- Examine and evaluate documents such as application forms inspection reports financial reports and other data to determine degree of risk.
- Perform timely reviews of stipulations/conditions submitted.
- Analyze loan packages to deliver valid credit decisions.
- Maintain quality control standards while maintaining production standards by companys definition.
- Request additional documentation necessary for the processing of an application.
- Interpret GSE guidelines as well as investor guidelines.
What youll need:
- Strong credit risk analysis and analytical skills.
- Thorough understanding and strong working knowledge of credit underwriting credit policy and financial statement analysis and property evaluation.
- Be able to examine loan documentation for accuracy and completeness.
- Be familiar with fraud detection techniques.
- Excellent customer service skills.
- Active CHUMS # a plus.
- Active SAR and VA credit authority are a plus.
- Knowledge of DU and LP.
- Ability to work with loan originators and production staff to acquire all required documentation.
- Must possess strong credit risk analysis and analytical skills.
- College Degree Preferred.
- Minimum of 2 years of experience in underwriting Conventional loans
- Working 2 days in the office