US Mortgage Underwriter

July 21

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Description

• Responsible for assessing risks and creditworthiness in mortgage loan applications • Evaluate financial documents and communicate decisions effectively

Requirements

• Evaluate mortgage loan applications to determine the applicant's creditworthiness, income stability, and ability to repay the loan. • Review financial documents such as pay stubs, tax returns, bank statements, and credit reports to assess the applicant's financial situation accurately. • Verify the accuracy and completeness of all information provided in the loan application. • Analyze the risk associated with each loan application based on factors such as credit history, debt-to-income ratio, employment stability, and property appraisal. • Identify potential risks and assess the likelihood of default, ensuring compliance with lending regulations and internal policies. • Ensure that all mortgage loan applications adhere to regulatory requirements, including those set by government agencies such as Fannie Mae, Freddie Mac, FHA, and VA. • Interpret and apply lending guidelines, policies, and procedures to make informed decisions on loan approvals or rejections. • Communicate effectively with loan officers, processors, and other stakeholders to gather additional information, clarify discrepancies, or request documentation necessary for underwriting. • Provide clear and timely updates to loan originators and applicants regarding the status of their loan applications and any additional requirements. • Make informed decisions on whether to approve, deny, or conditionally approve mortgage loan applications based on thorough analysis and risk assessment. • Document reasons for approval or denial decisions and ensure accuracy and consistency in underwriting decisions. • Conduct quality assurance reviews to ensure the accuracy and integrity of underwriting decisions and documentation. • Identify areas for process improvement and contribute to the development of best practices within the underwriting department.

Benefits

• Above market salary • HMO on Day 1 for principal and two dependents • Government-mandated benefits • Performance-based Incentives • Quarterly Company Events • In-depth training for career growth • Great Company Culture and HR experience • Equipment and software provided