Underwriter

Position Title:                                  Underwriter

Reports to:                                       Vice President of Credit Risk

Department:                                    Underwriting

Location:                                           Remote

Position Type:                                 Full-Time; 40 hours per week

FLSA Classification / Type:           Non-Exempt/ Administrative

Supervises:                                       None 

POSITION SUMMARY

The Underwriter position is responsible for underwriting Conventional, FHA, USDA and VA loans following established Company, agency and investor guidelines. The Underwriter evaluates mortgage loan files and assesses risk based on compliance, agency, investor, and company guidelines to ensure salability with minimal loss. Individuals in this role are required to keep current with regulatory and market changes. The Underwriter will be service-focused with superior time-management and communication skills, have the ability to multi-task, and possess keen attention to detail. The Mortgage Underwriter must conduct business with integrity and in a highly ethical manner.

DUTIES AND RESPONSIBILITIES

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.

1. Underwrite Conventional, FHA, USDA, and VA loans following established Company, agency, and investor guidelines.
2. Review all loan applications and supporting documents in order to ensure all necessary information is included
3. Request additional information as needed on all documents to help determine loan risk
4. Analyze all documents in detail so eligibility decisions are accurate
5. Maintain in-depth knowledge of industry standards and company policies so compliance standards are met
6. Communicate and document reasons for approval or rejection of loans so clients and loan officers are well informed
7. Research applicant’s employment and financial history to help determine accuracy of application and documents
8. Assist in training other staff members to ensure company standards are being met
9. Complete thorough analysis of mortgage loan files to determine compliance with agency, Company and investor guidelines to ensure salability of closed loans
10. Review resubmitted files and documents
11. Make and issue independent compliant loan decisions
12. Maintain Company service level and turn-time standards
13. Respond to audits and post-closing issues in a timely manner

EDUCATION, EXPERIENCE, LICENSURE, AND COMPETENCIES

1. 3 years’ experience underwriting Conventional, USDA, FHA and VA loans required.
2. DE (Direct Endorsement) designation required
3. VA SAR/LAPP (Staff Appraiser Reviewer / Lender Appraiser Processing Program) designations preferred
4. Bachelor’s Degree in Business, Finance, or a related field required
5. Strong analytical decision-making and problem-solving abilities
6. Excellent mortgage loan processing system computer skills
7. Encompass experience preferred
8. Demonstrates success in a fast-paced, high-stakes environment
9. Aptitude for maintaining professional relationships with coworkers
10. Highly motivated, ambitious, and driven to succeed
11. Trustworthy, honest, and display a high-level of integrity
12. Ability to identify and resolve problems in a timely manner
13. Ability to understand and respond appropriately to basic inquires
14. Ability to read, write, and communicate using the English language sufficient to perform job functions
15. Ability to use Company equipment in assigned area (including but not limited to telephone, copiers, fax machines, computers, internet, etc.)
16. Ability to access, input, retrieve, and interpret information using applicable computer systems (including, but not limited to, Microsoft Word, Excel, Outlook, industry-specific computer software, etc.)
17. Ability to multi-task (e.g., simultaneous usage of several applications, etc.)
18. Well-versed with keyboard shortcuts and able to identity new ways to complete a task in less time
19. Compliance with all Bank Secrecy Act (BSA), Anti-Money Laundering (AML) laws, and Office of Foreign Asset Controls (OFAC) requirements is required. Employee must complete annual training in these areas

WORK ENVIRONMENT

 This job operates in a clerical office setting based out of your home. Climate-controlled surroundings with adequate lighting and little to moderate noise when in the office is required. Additionally, adequate space is required to routinely use standard office equipment such as: computer, phone, photocopier/printer, fax machine, etc.  

 PHYSICAL DEMANDS

 This is largely a sedentary role; however, some administrative use of standard office equipment is required. This would require the ability to lift files, type, and bend or stand as necessary.

EXPECTED HOURS OF WORK

 Days and hours of work are Monday through Friday, 8:30 a.m. to 5:00 p.m.  Evening and weekend work may be required as job duties demand. 

OTHER DUTIES

 This position performs additional duties as assigned, given adequate guidance and resources.  This Job Description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee to perform this job. Duties, responsibilities and activities may change at any time with or without notice.