What are the responsibilities and job description for the Mortgage Underwriter position at Novus?
This role is responsible for examining loan documentation for accuracy and completeness, ensuring loans are adhering to company policies, investor guidelines, and regulatory requirements as well as analyzing risk. The ideal candidate will have a strong underwriting background in Conforming/Agency, FHA, VA & USDA guidelines with at minimum of 2 designations.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
· Thoroughly review all loan files for accuracy and completeness according to Agency guidelines
· Verify that all Automated underwriting Systems contain accurate information
· Maintain a current and sound understanding of all agency, investor, and company polies and guidelines
· Adhere to policies and procedures set forth by Novus Home Mortgage
· Ensure loans meet the Ability to Repay (APR) when applicable
· Demonstrate proficiency in automated underwriting systems (DU & LPA)
· Maintain pre-established service level standards
· Effectively communicate with Sales Team, Processors, and Management
· Consistently meet or exceed established productivity and qualify goals set forth by Management
· Perform other duties as assigned
QUALIFICATIONS AND REQUIREMENTS:
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Certifications: DE (Direct Endorsement) or LAPP/SAR (for VA loans) is required
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Technical Skills: Strong knowledge of mortgage lending systems (e.g., Encompass, Loan Origination Systems) and automated underwriting systems (DU/LPA).
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Analytical Skills: Ability to assess complex financial documents, appraisals, and construction budgets.
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Communication: Strong interpersonal skills with the ability to collaborate with internal and external stakeholders.
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Problem-Solving: Ability to identify underwriting risks and provide sound solutions.
