5-7 years of mortgage underwriting experience preferred
Knowledge of FNMA, FHLMC, and Non-Conforming mortgages
Strong analytical skills for reviewing applicant financials
Familiarity with agency compliance and investor guidelines
Ability to assess risk effectively
Responsibilities
Underwrite mortgage loan files to ensure compliance
Verify and analyze financial information and documentation
Approve or conditionally approve loan submissions
Assess risk to ensure loan salability post-closing
Analyze applicant income, expenses, and asset documentation
Re-review files and sign off on conditions for closing
Mentor operations staff to enhance their skills
Benefits
Collaborative work environment
Opportunities for professional development
Access to continuous training programs
Supportive team culture
Work-life balance initiatives
Full Job Description
Key responsibilities include but are not limited to:
Underwrite mortgage loan files for agency compliance and investor guidelines
Verify and analyze all necessary financial information and documentation; ensure that loan files contain all necessary credit and legal documents.
Approve or approve with conditions loan submission after careful consideration and explore possible alternatives before resorting to a suspense or denial.
Assess the risk to the company and our investors to ensure salability of the loan after closing
Perform thorough analysis of applicant's income and expense data, asset documentation, credit reports, and property valuations in order to affirm borrower qualifies for loan.
5 years of experience underwriting FNMA, FHLMC, and Non-Conforming mortgages is a plus
Re-reviewing files, signing off on conditions, and moving files to clear to close
Work closely with operations staff while identifying opportunities to mentor and coach them increasing their knowledge and efficiency
