Mortgage Underwriter (Remote)

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Posted 7 days ago United States Salary undisclosed
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Job Description

Position Summary:

Perform Frontline Underwriting on conventional Mortgage loans. Review and clear stipulations/conditions on loans underwritten. Interact with clients to ensure quality service and on time delivery of work product. Be up to date with FANNIE MAE, FREDDIE MAC guidelines, LQI, Dodd-Frank, TRID and other necessary requirements and changes in states and federal regulations, as well as regulatory and investor requirements related to underwriting.

Position is a Remote/ Work-from-home opportunity.

Responsibilities:

  • Perform timely initial loan submissions and subsequent loan conditions. Average 3-4 new underwrites and conditions in a workday
  • Analyze loan documents (Income, Credit, Asset, Appraisal/Collateral Reports, Disclosures, Title Reports, Insurance Documents, Fraud Prevention Tools/Products, Purchase Contract, and any loan documentation in the loan approval process) for accuracy and completeness to deliver a valid credit decision
  • Reconcile loan documents/data in client loan origination systems and Stonehill proprietary system for accuracy, completeness, ensuring all required documents and conditions are received
  • Review and clear stipulations/conditions on loans underwritten
  • Communicate directly with clients or affiliates to understand and clear stipulations/conditions
  • Responsible for providing documentation and/or rebuttals to investors for any repurchase issues on client files
  • Assure compliance with policies and procedures outlined in the investor guides, contractual obligations, as well as state and federal regulations and regulatory requirements
  • Maintain current knowledge of all conventional underwriting guidelines for agencies, private investors/portfolio guidelines and current appraisal independence standards (HVCC/Dodd-Frank) guidelines
  • Respond to client inquiries in a timely manner and as directed by supervisor
  • Maintain company turn time expectations for completion and reporting
  • Handle multiple tasks and prioritize workloads
  • Conduct all activities in a professional manner
  • Adhere to the companies "Core Values"
  • Other duties and responsibilities as assigned

Required Minimum Qualifications:

  • 5 years of conventional Mortgage Frontline Underwriting experience
  • DE, SAR/LAPP and/or NMLS certification preferred
  • Proficient in loan origination systems Encompass, Calyx Point, and Mortgagebot
  • High level of proficiency with AUS systems (DU and LP) required
  • Previous experience and knowledge of commonly-used concepts, practices and procedures within mortgage lending
  • Intermediate level user of Microsoft Word and Excel
  • Excellent written and verbal communication skills
  • College Degree or equivalent work-related experience, and High School Diploma or equivalency required