Reviews all loan submissions and follow-up conditions provided by borrower
Ensures that corporate operating standards are met for underwriting and compliance
Ensures that service commitments are met
Mentors less experienced underwriters
Reviews all items and conditions provided by borrowers and ensure they meet the required guidelines
Reviews items that are a variation of the actual condition required to determine if the acceptance of this condition will be acceptable to the investor
Ensures quality control standards are met so company can sell the loan
Ensures all credit decisions meet compliance standards. Monitors property appraisal process to ensure value of property is accurately presented.
Underwrites loans through use of manual underwriting processes
KNOWLEDGE, SKILLS, AND ABILITIES
Must have experience and expertise in agency, non-agency, and HELOC underwriting and selling guidelines
Must have high degree of expertise reviewing documents within corporate timeframes and maintaining low error rates
Must be well organized and have the ability to multi-task
Experience and demonstrated expertise accurately assessing risk
Proficient in determining if submitted conditions are acceptable, offering alternative suggestions as needed
Must have expert level skill analyzing complex business structures, corporate or partnership returns, and financial statements for multiple businesses, as well as the ability to document the analysis with a Fannie Mae 1084 worksheet or similar document.
Must have a high level of expertise evaluating more complex loans (jumbo, self-employed borrowers)
Must have in-depth experience with high-end properties and able to assess collateral risk
Dedicated to meeting and exceeding the expectations and requirements of internal and external customers.
Ability to establish and maintain effective relationships with peers and customers gaining their trust and respect
Strong communication skills, both verbal and written
Must skillfully and effectively mentor those less underwriting experience
REQUIRED MINIMUM QUALIFICATIONS
Completion of a high school education
Five years work history in the mortgage banking industry to include a minimum of four years in an underwriting capacity
Proficient in both AUS and traditional underwriting systems with a demonstrated ability to analyze highest of complexity transactions
May be granted conforming, jumbo, HELOC, portfolio, and/or exception authority to include credit, income, asset, and appraisal review.
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