Business Underwriter

UBS   •  

Plano, TX

Industry: Accounting, Finance & Insurance

  •  

8 - 10 years

Posted 30 days ago

Your role

The Business Underwriter is part of the Mortgage Group within UBS Wealth Management Banking. The Underwriter is responsible for reviewing and analyzing all credit and collateral documents, then issuing lending decisions based on the documented borrower profile within the program guideline requirements. Underwriters will meet the minimum daily production goals and perform within department audit standards. This individual is being hired to perform high quality jumbo residential mortgage file analysis and must be able to confirm the calculations used to decision the loan such as DTI, LTV, and Reserves. They will be required to provide a written summary of loan findings which summarize loan characteristics in the areas of credit, income, assets, collateral, and the overall transaction.

Exceptions on the loan will be clearly documented and communicated. They will also reconcile findings with published guidelines to address/resolve variances and identify as well as provide relevant compensation factors evident in the loan file.


KEY RESPONSIBILITIES


• Review of credit reports to determine credit pattern, current liabilities, outstanding judgments and collections

• Review of residential mortgage appraisal forms

• Analyze asset statements for all types of asset accounts

• Analyze income from salaried, commissioned, self-employed, investments, fixed income sources

• Ability to determine monthly income based on bank statements and/or asset depletion

• Knowledge of the requirements to meet CFPB's Ability to repay standard

• Provide a written summary of loan details which clearly documents any exceptions to company guidelines and appropriate compensating factors


KEY FUNCTIONAL PRIORITIES


• Perform a thorough analysis to ensure the quality of each loan and to determine compliance with company or investor guidelines

• Ability to effectively make decisions in an independent manner

• Must be able to identify tasks to be completed and move forward independently without prompting

• Must be able to hold ones' self accountable for doing whatever is needed to meet all commitments and deadlines

Your team

The Business Underwriter is part of the Mortgage Group within UBS Wealth Management Banking. Headquartered in Weehawken, NJ, WMA has invested assets north of $1 Trillion sourced in the US, Canada and UBS International booking centers in the US through 7,000+ Financial Advisors in 300+ office locations across the region.

Your expertise

PROFILE OF THE SUCCESSFUL CANDIDATE


• Minimum of 8 years current mortgage underwriting experience, jumbo mortgage preferred

• BA/BS degree, equivalent education and experience may be considered

• Able to interact with all levels of staff and management

• Excellent organizational skills with attention to detail

• Able to prioritize workload and meet deadlines

• Able to multitask, problem solve proactively and think creatively

• Ability to effectively communicate, work with, and build relationships with both internal and external customers

• Excellent oral and written communication skills

• Advanced tax return analysis skill required

• Experienced residential appraisal review

• Computer Skills: Microsoft word, excel, and Outlook


PERSONAL QUALITIES OF THE SUCCESSFUL CANDIDATE


• An excellent communicator and possess solid organizational skills

• Expert problem solver

• Able to interact with all levels of management, multi-task and work well under pressure

• Able to prioritize and adapt to changing deadlines

• Detail oriented and careful about quality of work