Senior Government Underwriter

Role Description

The Underwriter, Govt Sr underwrites residential loans ensuring compliance with appropriate company, secondary market investor standards and all applicable laws. The Underwriter will be responsible for examining loan documentation for accuracy and completeness; is involved in one or several types of mortgage lending including but not limited to conventional, FHA and VA loans. Must be able to underwrite loans within the company and industry guidelines. The Underwriter will also be working with Loan Originators, Branch Managers and Processors to secure all required documents.

• Underwrites Conventional, FHA, VA and Special Program loans to verify for completeness, accuracy, and compliance.
• Develops and maintains an up to date and sound knowledge of multiple loan product guidelines offered by the company, DU/LP guidelines, and risk assessment tools used to decision mortgage loans.
• Reworks loans to new terms, identifies additional conditions as needed to ensure a viable credit decision.
• Reviews and evaluates borrower(s) profile including but not limited to all income documentation, tax returns, credit reports, preliminary report, judgments, bankruptcy documents and appraisals.
• Analyzes and calculates income documentation such as personal and business income statements and ensures all necessary documentation is requested to support final loan decisions.
• Exercises good judgment, conducts reasonableness tests and issues quality decisions.
• Determines accuracy and completeness of files; ensures processes are consistent.
• Demonstrates proficiency in automated underwriting systems (DU, LP).
• Maintains a sound knowledge of secondary market activity, practices, and business/industry practices as they impact underwriting quality and origination activity.
• Maintains pre-established service level standard of decisions within a 48-hour time frame set by the company.
• Communicates regularly with sales team, processors and management.
• Assists in the preparation of repurchase responses and/or rebuttal reviews.
• Ability to function in an ever-changing environment and work across all business channels in Underwriting (Retail/CC/Wholesale) as needed.
• Maintain regular and punctual attendance.

Qualifications

• Appraisal review and tax return analysis skills required.
• Prior credit signing authority a plus.
• Experience with repurchase response and/or rebuttal review and response preparation.
• Secondary market experience a plus.
• Understanding of TILA, RESPA and Predatory Lending.
• Strong analytical and decision making/problem solving skills.
• Possess a keen eye for accuracy, attention to detail and ability to handle a high volume work load.
• Excellent interpersonal, organizational, prioritization and time management skills.
• Proficient in computers including LOS systems, Microsoft Office and Excel. Ability to adapt/learn/utilize multiple software programs. Experience with paperless environment preferred.
• Ability to type/use a keyboard with sufficient speed to meet job demands.
• Ability to deliver effective results and to meet deadlines with minimal supervision.
• Self-starter, adapt to a changing environment and have the ability to communicate and work well with Investors and co-workers.
• Possess clear, concise and effective written and oral communication skills.
• Professional demeanor in appearance, interpersonal relations, work ethic and attitude.

Requirements

• High School Diploma or GED Required.
• BA or BS preferred.
• Minimum 5 years of current frontline mortgage Underwriting required.

Certificates, Licenses, Registrations

• ACTIVE CHUMS ID REQUIRED.
• DE, VA LAPP AND SARS DESIGNATIONS REQUIRED.

Benefits

• Excellent benefits package including but not limited to PTO, medical, dental, vision, 401(k) plan with company match, life insurance, long term and short-term disability options, FSA/HSA, tuition reimbursement, and other voluntary benefits.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to sit and talk or hear. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds.

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.