Mortgage Loan Underwriter - Remote Southeast

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Posted 3 days ago United States Salary undisclosed
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Job Description

With our corporate headquarters located in Danvers, MA, we are one of the largest privately held mortgage lenders in New England. Our goal is to provide the best menu of home finance solutions at the most attractive terms, backed by the highest level of service. Mortgage Network is committed to taking care of our most important assets - our dedicated employees and our growing base of satisfied customers. Let our leadership, technology, product mix and marketing team be the infrastructure for you to succeed.Mortgage Network, Inc. is driven to provide exceptional service to its customers and business partners. Mortgage Network strives to offer the very best processing strategies, products, technology and the finest people.Candidate is eligible to underwrite all loan programs up to a maximum loan amount of $1,500.000.00Responsibilities:Reviews, examines and underwrites loans to ensure soundness, business value and compliance with MNET and Investor GuidelinesAssesses loan attributes and documentation for soundness and accuracyReviews and evaluates data to ascertain loan viability and identify risk issues and potential fraudEvaluates Debt to income Ratio, Loan to Value ratios, credit score property valuation and other factorsDetermines and documents loan conditions and communicating requirements and / or decisionsAssists in identifying, recommending and / or negotiating alternative loan requirements, funding and / or loan structure solutionsProvides input on new and / or existing Underwriting processes, procedures and / or approachesIndependently conducts full and comprehensive evaluations of a variety of complex mortgage loan applicationsApplies specialized knowledge in the interpretation of loan and underwriting criteria and the determination of underwriting decisions and final courses - of - actionIdentifies and recommends alternative financing solutionsAssesses underwriting program effectiveness and provides input for improvementCoaches processors, junior underwriters and loan officers on technical underwriting issues, problems and or questionsExercises discretion and independent judgment in addressing critical business matters that have a significant financial impactResponds to Quality Control reports as requested by Senior ManagementContinuing education through company and / or industry sponsored classes or seminarsAbility to underwrite 2-3 loans per day.Qualifications and Experiences:Prior Work Experience:• 4+ years of underwriting experience required.• Direct Endorsement Underwriter - Chums # required and minimum of 1 years current active experience required.Education Experience:• High school degree required. College degree preferred.Technical Experience:• Ability to underwrite 2-3 loans per day in applicable work timelines required.• Full Conventional, USDA and Housing Agency designations required.• FHA - DE underwriting designations required.• Understanding of legal, regulatory, economic, competitive and technological environments which potentially affect real estate lending programs required.• Expertise in multiple underwriting specializations required.• Extensive understanding of processing, underwriting, and compliance procedures required.• Extensive understanding of underwriting systems and their interdependencies required.• Excellent customer service skills required.• Advanced analytical skills required.• Ability to manage competing priorities with ease required.• Proficiency in Microsoft Office applications (Word, Excel, Outlook) required. Strong computer and internet proficiency required. Knowledge of or the ability to learn in-house loan origination system required.At Mortgage Network, Inc., we believe that if our company succeeds, all of our employees succeed too. We offer a competitive compensation package for qualified candidates that are motivated and have a positive attitude. We offer a comprehensive benefits package including medical, dental, vision,flexible spendingbenefits, 401K, time off and more.IND123