What are the responsibilities and job description for the Mortgage Underwriter position at Russell Tobin?
This position will be responsible for identifying findings, reviewing materials, drafting letters and filing claims due to breaches against the Purchase Agreement. The Analyst will also review underwriting findings and work to resolve them by working with outside clients and / or vendors. The ability to successfully manage internal and external relationships is critical to this role. The position requires experience in the mortgage industry specifically in bulk whole loan purchase / sale transactions, flow whole loan purchases and security transactions. This position will have a high level of interaction with internal parties including the Trading Desk, Contract Finance and external parties including buyers / sellers, rating agencies, and vendors.
Primary Responsibilities :
- Manage the overall repurchase and claim process displaying knowledge of credit and compliance underwriting, and summarizing results with appropriate stakeholders
- Coordinating internal and external requirements with Sellers and Purchasers
- Day-to-day management of a pipeline of claims and quality control findings as well as securitization inquiries
- Familiar with fraud detection techniques and resolution
- Understanding of underwriting guides, overlays, and waivers
- Collaborate with QC, Due Diligence, Collateral, Contract Finance and the Trading Desk
Qualifications
Salary- $100k base
Salary : $100,000
