What are the responsibilities and job description for the Underwriter IV - Assumptions position at JPMorgan Chase?
Embark on a rewarding and challenging career as an Mortgage Underwriter IV with our team. You'll have the opportunity to do what’s right for clients/customers and colleagues. Join our dynamic team and make a meaningful impact by leading your team to create great customer experiences that cultivate long-lasting relationships
As a Mortgage Underwriter within the Assumptions team you will play a crucial role in evaluating underwriting files by assessing the five key areas: Capacity, Capital, Character, Collateral, and Condition. You will be responsible for clearly communicating the results of your analysis and ensuring that loan requests align with program and product specifications, or proposing counter-offers when necessary. Additionally, you will convey decisions whether approval, suspension, or denial to the relevant parties within JPMorgan Chase. Your role will also involve upholding JPMorgan Chase Mortgage's fair lending practices, achieving targets for productivity, quality, and customer satisfaction, and conducting second reviews of contract-underwritten denials.
Job Responsibilities
- Ensure that loan transaction meets investor assumption transfer of ownership guidelines
- Ensure that loan request meets program and product specifications or counter-offer, when appropriate
- Communicate decision of loan (approval, suspense, denial) to appropriate individuals within JPMorgan Chase
- Uphold fair lending practices of JPMorgan Chase Mortgage
- Meet productivity targets for productivity, quality, and customer satisfaction
- Contribute continually to the success of the business, customers, profitability and controls
- Contribute to the initiatives that improve our business
Required Qualifications, Capabilities, and Skills
- Must have a minimum 2 years Government mortgage underwriting and 3 years Conventional experience
- HUD Direct Endorsement (DE) and VA credit
- Expertise in Government, Agency and Jumbo guidelines as well as understanding of Government lending
- Demonstrated high productivity and quality in prior role in a consistent manor
- Demonstrates ability to work in a team, and coach/mentor others
- Strong verbal and written communication skills
- Strong analytical, decision making, and negotiation skills
Preferred Qualifications, Capabilities, and Skills
- Demonstrates understanding of the end to end origination and/or assumptions process flow
- Knowledge of Mortgage insurance policies
- Experience in creative solutions, exceptions justification, and customer focus
This is a hybrid (3 days in office/2 days remote) role, located in either Columbus OH, Jacksonville FL, or Milwaukee WI. This role does not offer relocation assistance or immigration sponsorship.
