Credit Underwriter

Overview

The Credit Underwriter will be responsible for assessing residential mortgage loans for adherence to investor criteria including but not limited to those criteria stipulated by the nationally recognized statistical rating organizations for third party review of residential mortgage loans. This assessment will encompass aspects of data quality, credit decision-making, regulatory compliance, fraud screening, and property valuations.

What you will do

• Review loan files for completeness and accuracy including but not limited to calculation and verification of income & assets, evaluation of credit reports, purchase contracts, appraisals, title commitments, VOE, tax returns, divorce decrees, and other loan pertinent compliance documentation.
• Evaluate debt & loan-to-value ratios, credit score, property valuation and various other factors.
• Calculate debt-to-income (DTI) ratios and loan-to-value (LTV) ratios.
• Review appraisals and alternative value products for conformity to client-specified requirements to assess the accuracy of the property valuation.
• Ability to navigate and understand applicable agency underwriting guidelines including but not limited guidelines and policies for VA, FHA, FNMA, FHLMC & USDA as well as non-agency guidelines.
• Exhibit working knowledge of AUS to determine applicable loan conditions were met; document loan conditions that were not met.
• Analyze and calculate qualifying income from various documentation such as 1040s, Schedule E, 1065, 1120, 1120S, K1, transcripts, paystubs, W-2s, etc.
• Analyze and calculate the rental income/rental loss for investments properties owned.
• Experience working on Non-QM loans (DSCR, Business Purpose, Jumbo and Bank Statement Programs) in addition to AUS loans.
• Experience working on second liens, HELOCs, etc.
• Identify potential risks and assess the overall risk level of the loan.
• Adhere to company policies and guidelines.

What you will bring

Bachelor's degree in finance, business, or related field preferred or 2-4 years experience in due diligence credit underwriting.

• Experience in mortgage processing, underwriting, or a similar role in the mortgage or finance industry.
• Familiarity with mortgage documentation
• Understanding of Freddie Mac, Fannie Mae and lender guidelines
• Strong attention to detail and excellent organizational skills.
• Effective communication and interpersonal skills to work with internal teams.
• Proficiency in MS Office Suite and LauraMac underwriting system.
• Problem-Solving
• Detail-Oriented

What we offer

• Competitive compensation based on skills and experience.
• Extensive benefits package: Medical, dental, vision, FSA, mental health programs, Employee Assistance Program, short-long term disability, voluntary insurance (auto, home, life, legal, pet, identify theft), employee discounts.
• Rest and relaxation: Paid holidays and generous PTO based on tenure.
• Community and Philanthropy: Paid volunteer time
• Contribute to your future: 401K plan and robust continuous learning opportunities.
• Work Perks Program: Access to discounts that help save money in your daily life.

Is this the ideal location for you?

Mortgage Connect Risk Solutions is committed to offering a flexible work environment for this role. (Remote work is subject to Mortgage Connect Risk Solutions remote work policy and business needs.)

Who we are

Mortgage Connect Risk Solutions offers a valuable opportunity for professionals with experience in real estate lending. Centrally located in Edmond, Oklahoma, we provide competitive salaries, along with a comprehensive benefits package. More importantly, our casual atmosphere allows our employees to strengthen their skills while being part of a company that sets the standards in quality control.

All onboarding employees will be required to complete a pre-employment background check and drug screening.

We are an Equal Opportunity employer committed to diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, age, national origin, disability, protected veteran status, gender identity or any other factor protected by applicable federal, state, or local laws. Mortgage Connect Risk Solutions is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. To request reasonable accommodation, contact Human Resources.