Minimum three years of mortgage underwriting experience with a solid understanding of guidelines.
Experience with private investor and private mortgage insurance underwriting.
Strong interpersonal and business relationship skills.
Detail-oriented with excellent organizational abilities.
Exceptional analytical, written, and verbal communication skills.
Technologically proficient in relevant software and tools.
Bachelor's degree in a related field or equivalent professional experience.
Responsibilities
Conduct thorough analysis of loan files for compliance with guidelines.
Underwrite credit packages and collateral for residential mortgage loans.
Ensure accuracy of calculations and data integrity in underwriting worksheets.
Assist in training new underwriters and recommend loan dispositions.
Maintain productivity standards with a 48-hour underwriting turnaround time.
Strive to meet a target of three underwriting decisions per day.
Communicate loan decisions to relevant parties both verbally and in writing.
Maintain underwriting activity logs and provide monthly reports to management.
Respond promptly to post-closing reviews and audits.
Perform additional duties as directed by management.
Benefits
Comprehensive training and development opportunities.
Supportive team environment with a focus on collaboration.
Access to advanced underwriting tools and resources.
Opportunities for career advancement within the company.
Full Job Description
Overview
Mortgage Underwriter Responsiblities
Underwriter completes a thorough analysis of loan files to determine compliance with company, investor, and FHA/VA guidelines.
Underwrites the entire credit package and collateral for residential mortgage loans and ultimately ensures an 7investment8 quality loan product.
Checks accuracy of all calculations and data integrity. Completion of all required underwriting worksheets found in Fast Trac 360 Resource Center.
Assists with the training of new underwriters. - Recommends the loan disposition to underwriting manager for loan amounts in excess of authority limitation.
Maintains company standard for Underwriter productivity level, and complies with company policy of 48 hour underwriting turnaround time and 24 hour turnaround time for clearing conditions.
Strives to meet 3 Underwriting decisions/day within allotted time - Communicates decision on loans to appropriate parties both verbally and in writing.
Maintains underwriting activity logs and provides monthly underwriting report to underwriting manager.
Available to processors and correspondents for general Underwriter guideline interpretations and questions on specific loan files.
Responds to post closing reviews and audits in a timely fashion.
Performs related duties, as directed by Underwriter or Operations Manager.
Qualifications
Mortgage Underwriter Qualifications
Minimum three years of mortgage underwriting experience, with solid working knowledge of underwriting guidelines.
Experience Underwriting private investor and private mortgage insurance guidelines.
Strong interpersonal-communication and business-relationship skills.
Detail oriented with strong organizational and follow-through skills.
Excellent analytical, written communication and verbal communication skills.
Technologically proficient.
Bachelor6s degree in related field or equivalent professional experience.
MinUSD $51.93/Hr.
MaxUSD $51.93/Hr.
About Paramount Residential Mortgage Group, Inc.
Paramount Residential Mortgage Group, Inc. (PRMG) is a leading mortgage lender in the United States. The company provides a wide range of mortgage products and services, including conventional, FHA, VA, and jumbo loans. PRMG is committed to providing exceptional customer service and has a strong reputation for reliability and transparency. The company has a national presence, with over 200 branches across the country. PRMG is dedicated to supporting its employees and has been recognized as a top workplace by several organizations. The company is also committed to giving back to the community and supports a number of charitable organizations.
