Conventional Mortgage Underwriter
New
M
Mela Capital GroupFinancial Services
United StatesFull-TimeMiddle
Salary not disclosed
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Job Details
- Experience
- 4+ years
- Required Skills
- Microsoft Office
Requirements
- 4+ years of Conventional mortgage underwriting experience.
- DU and LP experience required.
- Proficiency in Microsoft Office products.
- FHA DE/ Direct Endorsement designation (plus).
- VA SAR designation experience (preferred).
- Experience with Encompass (preferred).
Responsibilities
- Perform a thorough analysis to ensure the quality of each loan and to determine compliance with Company and Investor guidelines.
- Perform a thorough analysis of collateral to ensure property meets investor guidelines and the appraisal quality and completeness is acceptable.
- Apply and interpret company underwriting guidelines and makes sound credit decision.
- Complete credit, analysis of income, analysis of property, ensures proper audits are completed and verifies consistency of loan file information.
- Identify risk factors within each loan and utilizes resources, tools and documentation to detect red flags and clear inconsistencies.
- Review and evaluate credit information on mortgage loan documents to determine acceptability for specific loan programs.
- Determine any conditions, stipulations or pre-funding requirements.
- Maintain ongoing knowledge of investor guidelines, updates and trends as applicable to underwriting position.
- Complete second signature underwriting review on loan files underwritten by junior underwriters and within designated authority as needed.
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