Underwriter
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Job Location:
Chandler, TX - USA
Monthly Salary:
$ 38 - 53
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
Description
Position Summary:
Responsible for underwriting loans for successful transaction and sale. Ensures the performance of all duties in accordance with the companys policies and procedures all U.S. state and federal laws and regulations wherein the company operates.
Responsibilities:
- Underwrites 4 6 Conventional USDA FHA and VA loans within company investor and industry guidelines per day with a standard turnaround time of 24 - 48 hours.
- Maintains a current knowledge of loan programs.
- Analyzes and issues credit decisions. Reviews and makes informed decisions on financial statements credit reports and applicable ratios (i.e. DTI and LTV).
- Analyzes risk appropriately by assessing property information including: purchase contract escrow instructions and preliminary title report.
- Evaluates/examines transactions to ensure accuracy and completeness. Ensures documents are consistent and compliant. Identifies red flags on documentation.
- Assists with renegotiation of loans based on lending guidelines.
- Gathers information from agency materials to make appropriate decisions. Assigns and signs off on appropriate loan conditions.
- Assists Processing Department with problematic files to expedite submissions.
- Effectively explains rationale behind credit decision to internal customers and/or auditors.
- Answers program guideline and borrower qualification questions from loan consultants and processors.
- Communicates effectively with internal staff to maintain high level of customer service.
- Calculates complex income scenarios.
Requirements:
- High School Degree or equivalent required and a minimum of six (6) years of successful professional experience within the mortgage lending industry preferred.
- Bachelors Degree preferred.
- Minimum of three (3) years of successful Conventional FHA and VA underwriting experience required.
- Valid and current FHA Direct Endorsement (DE) certification required and SAR certification preferred.
- Proficiency in Desktop Underwriter (DU) and Loan Prospector (LP) Programs required.
- This role is hybrid and will required at least 2 days in the office out of Chandler AZ location.
Why work for #teamloanDepot:
- Aggressive compensation package based on experience and skill set.
- Inclusive diverse and collaborative culture where people from all backgrounds can thrive.
- Work with other passionate purposeful and customer-centric people.
- Extensive internal growth and professional development opportunities including tuition reimbursement.
- Comprehensive benefits package including Medical/Dental/Vision.
- Wellness program to support both mental and physical health.
- Generous paid time off for both exempt and non-exempt positions.
About loanDepot:
loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010 loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier faster and less stressful to purchase or refinance a home. Today as the nations second largest non-bank retail mortgage lender loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of lifes most complex transactions. With headquarters in Southern California and offices nationwide loanDepot is committed to serving the communities in which its team lives and works through a variety of local regional and national philanthropic efforts.
Base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base pay for this role is between $38.94 and $53.37. Your base pay will depend on multiple individualized factors including your job-related knowledge/skills qualifications experience and market location.
We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race religion color national origin gender sexual orientation age marital status veteran status or disability status.
Key Skills
- Loan Processing
- Computer Skills
- Fraud
- Math
- Banking
- Pricing
- Analysis Skills
- Fair Housing Regulations
- Underwriting
- Financial Analysis
- negotiation
- Phone Etiquette
About Company
Apply for your mortgage or refinance online with loanDepot. Trust the second largest non-bank lender in the country to provide you with quality mortgage lending and refinance services in all 50 states.
