Due Diligence Underwriter

This role is fully remote and is a 1099 contract role

The Due Diligence Underwriter will be responsible for assessing residential mortgage

loans for adherence to investor criteria including but not limited to those criteria

stipulated by the nationally recognized statistical rating organizations for third party

review of residential mortgage loans. This assessment will encompass aspects of data

quality, credit decisioning, regulatory compliance, fraud screening, property valuations

and servicing history.

RESPONSIBILITIES:

Essential duties shall include but not necessarily be limited to:

? Loan File Inventory: Ensuring residential mortgage loan packages

contain all necessary documentation required to formulate a complete

assessment.

? Credit Review: Assess all elements of the credit decisioning process

undertaken to approve the loan including; underwriting guidelines, income

calculation and validation of assets.

? Fraud Review: Review the credit package and related background

search on mortgage loan borrowers to identify potential fraud risks.

? Property Valuation Review: Review appraisals and alternative value

products for conformity to client specified requirements to assess

accuracy of the property valuation.

? Legal Doc Review: Assess all legal documents included in residential

mortgage loan files to ensure proper execution, enforceability and

sufficiency for title perfection.

? Regulatory Compliance Review: Gather regulatory compliance data

elements from the loan file for capture in the due diligence review system

Servicing History Review: Review the servicing history of residential

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DUE DILIGENCE UNDERWRITER JOB DESCRIPTION|V. 12.2020 2

mortgage loans by assessing payment histories and servicing commentary

in a manner consistent with client requirements.

? Credit Risk Grading: Leveraging the utility of the due diligence review

system,assess loan quality grades based on client specifications and standards

set forth within applicable credit rating agency grading criteria.

QUALIFICATIONS: Required Education and Experience:

? Essential Skills: Essential to success in this role as a Due Diligence

Mortgage Underwriter, the candidate must satisfy the following

requirements:

o Experience: minimum 3 years underwriting residential mortgage

loans with demonstrable proficiency in understanding underwriting

guidelines and an understanding of mortgage loan regulatory

compliance.

o Computer Skills: strong background with the use of computer programs

used to manufacture or review mortgage loans and standard knowledge

of Microsoft Office product suite.

Desirable Attributes: Candidates demonstrating the following attributes will have

an increased chance of success in the role:

? Servicing review experience.

? Familiarity with credit rating agency review standards.

? Strong written communication skills.

? Associates or bachelors degree (AA/AS or BA/BS) preferred.

? Soft skills: Time management, thoughtfulness, reason and problem solving,

and professional communication.