What are the responsibilities and job description for the Residential Underwriter position at Imagine Staffing Technology, An Imagine Company?
Nature & Scope:
Positional Overview
Are you an experienced Mortgage Loan Underwriter seeking a direct hire opportunity where your expertise truly matters? Join our client’s dynamic team and play a critical role in re-underwriting previously closed mortgage loans. You'll conduct in-depth due diligence on representation and warranty review assignments, ensuring borrower creditworthiness, strict compliance with underwriting and closing guidelines, and property acceptability as collateral. If you're detail-oriented and thrive on delivering accuracy in high-stakes reviews, this is your chance to make an impact while advancing your career in a supportive, results-driven environment.
Role & Responsibility:
Tasks That Will Lead To Your Success
- Complete predetermined testing associated with Representation and Warranties
- Prepare written documentation regarding results on testing
- Strong knowledge of residential mortgage underwriting; including income, asset, credit, and property underwriting; (consisting of recalculating income/assets, DTI, etc.)
- Analyze complex self-employed tax returns and financial documents
- Analyze and evaluate collateral through appraisals and other applicable evaluation tools
- Review fraud detection results used in underwriting
- Review and understand the Preliminary and Final Title Policy
- Thorough review and understanding of the mortgage process flow from origination to closing
- Strong knowledge of CFPB TRID QM/ATR and TILA rules and requirements
- Experience with Compliance Ease and Compliance Analyzer
- Assist in UAT testing of internal processing system updates
- Assist in the review of new deal documents when requested
- Maintain familiarity with mortgage industry regulations updates and underwriting guidelines
- Potential support to the Commercial Mortgage-Backed Securities operating advisor engagements.
Skills & Experience
Qualifications That Will Help You Thrive
- College Degree in business or related field
- 5-7 years of experience in the mortgage industry
- Minimum of 3-5 years of recent experience in mortgage underwriting
- Experience with Commercial Mortgage loans in special servicing a plus
- Knowledge of applicable industry tools such as Core Logic, Lexis/ Nexis, AM Best, National Appraisal Registry, PACER, ComplianceEase
- Thorough understanding of mortgage lending, state and federal regulatory requirements including Reg Z, RESPA, Fair Lending, and TRID
- Understanding of secondary market requirements and underwriting policies, and procedures within required areas
- Experience with condominium and co-op reviews
- Loan closing experience
- Working knowledge of loan documentation requirements
- Working knowledge of the Title review process
- Experience with various mortgage products and loan programs
- Experience working with numerous originators and lenders a plus
- Experience with Conventional, Non-conventional, FHA, VA, and business purpose loans
- Experience with quality control auditing is a plus
Salary : $75,000 - $85,000
