ResponsibilitiesMortgage 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 "investment" 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.
QualificationsMortgage 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.
- Bachelor's degree in related field or equivalent professional experience.
MinUSD $85,000.00/Yr.
MaxUSD $105,000.00/Yr.
