Mortgage Underwriter
Mortgage Underwriter
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
The Mortgage QC Underwriter is responsible for rendering QC on closed loan files. He has to check that credit decisions on incoming applications consistent with underwriting policies underwriting mortgage commitments and verifying supporting documentation as submitted by applicants.
Analyze income & employment credit strength property appraisal check over debt to income (DTI) and Loan to Value (LTV) and all other information pertinent to the credit decision process on each mortgage application as presented by the applicant.
Underwriter to validate that a prospective mortgagors loan application adheres to the lenders Investors (Freddie or Fannie Maes) and guidelines of applicable government agencies to approve the loan.
Analyzing the risk involved in approving a loan to determine whether or not it is acceptable to the lender.
Mark errors for any deficiencies observed on the loan
Verify accuracy of supporting employment documents source of down payment/reserves appraisal value and property title commitment received.
Review of legal documents if present to ensure the accuracy & completeness.
Identify the mortgage insurance requirement (MI) and follow the MI guidelines if applicable.
Additional responsibilities for the Mortgage Underwriter include:
Maintaining service level standards
Assisting in new-hire trainings
Perform internal Quality check providing floor support and feedback to other staff
Responding to all emails efficiently
Adhering to all underwriting deadlines
Knowledge/Experience:
Minimum 24-36 months of conventional mortgage underwriting/QA/QC experience
Knowledge of full loan cycle (from beginning to end)
Strong understanding of Desktop Underwriter (DU) and Loan Prospector (LP)
Competencies/Skills:
Strong communication skills verbal and written
Strong analytical skills
Demonstrated ability to resolve complicated issues as they arise
Proven organizational skills and demonstrated ability to prioritize and multi-task
Employment Type
Full-time
