NEXT GENERATION MORTGAGE UNDERWRITER
Evaluate and determine the eligibility of loan applications. The mortgage underwriter's responsibilities include analyzing and verifying loan applications including appraisals, evaluating risks, and making loan eligibility decisions. A successful mortgage underwriter should be able to exercise sound judgment based on detailed analysis and ensure that all documentation is compliant with the relevant regulations, agency, investor, and secondary market guidelines. Mortgage Underwriter Responsibilities:
- Authorizing and underwriting loans including income calculation, asset validation and collateral evaluation
- Analyzing loan attributes and risks and identify any potential misrepresentation and determine soundness and accuracy of applications.
- Ensuring compliance with company policies and guidelines and well as regulatory standards.
- Documenting and effectively communicating reasons for the loan decision
- Provide support to originators and processors regarding questions and/or clarifications
- Participate in scenario desk
- You may be required to participate in training or other projects and tasks where underwriting skill is useful
Mortgage Underwriter Requirements:
- 2- 3 years’ experience in conventional loan underwriting
- Ability to independently make sound decisions based on the creditworthiness of applicants
- Familiarity with validation services and products
- Comfortable with AI-assisted tools, document automation platforms and a desire to be a leader in implementing new technologies
- Highly organized and able to prioritize
- Strong research skills and familiarity with agency guidelines
- Good communication skills, both verbal and written
- Detail-oriented with strong data analysis skills
- Good working knowledge of mortgage loan life cycle and relevant compliance regulations
- Proficiency in Microsoft Office and automated underwriting systems and various loan origination systems