Mortgage Underwriter (Remote)
- Full time
- Remote IN
- @Homeward
Job Detail
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Job ID 4593
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Career Level Officer
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Experience 4-6 Years
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Industry Real Estate
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Qualifications Degree Bachelor
Job Description
Responsibilities will include:
- Review and analyze the mortgage loan application to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines to minimize risk factors.
- Review all required loan data, reports, and inspections to ensure the customer is acceptable to the investor and the company.
- Make independent decisions regarding acceptance and risk of loans according to FNMA/FHLMC, company, and investor guidelines.
- Core underwriting experience is a must. Good working knowledge of all 4 C’s of Underwriting. (i.e. Credit. Capacity, Collateral and Capital).
- Review the borrower’s profile including credit, income, assets, collateral, compliance, employment, and other lending risks such as interested party involvement.
- Sign off on conditions in a timely manner set by management.
- Work with staff and management to find solutions on escalated loans.
- Make recommendations for improving internal audit’s policies and procedures, as requested.Manage your individual pipeline by using all functions of Encompass.
- Effectively communicate underwriting decisions with processors, loan advisors and other members of the company.
- Maintain a high level of customer service and communication with other departments
- Contribute to the ground-up build out of our mortgage origination process.
- Collaborate with internal teams to creatively solution for challenging underwriting scenarios
- Review escalation and exception requests
- Shape Homeward’s transaction eligibility requirements and related underwriting processes
About you:
- 3+ years of experience underwriting FNMA, FHLMC, FHA, VA, and Non-Conforming (Jumbo) mortgages, wholesale underwriting experience a plus
- FHA and VA designations also a plus
- Expert knowledge of Desktop Underwriter (DU) and purchase mortgage underwriting
- Strong written and verbal communication skills
- Ability to thrive in a fast-paced, high production environment
- The drive to build something new
Note: This role has 4 available shifts Friday-Tuesday, Tuesday-Saturday, Sunday-Thursday, or Friday-Monday(hours extended). Please be prepared to talk through which shift you prefer.