Mortgage Loan Underwriter; 10-Mort. Ops.; 8/22/2024

Description: JOB SUMMARY: This position requires a thorough working knowledge of and ability to analyze credit reports, income documentation, assets, liabilities, property appraisals, and title reports, to insure loans meet company standards for sale into the secondary market. This person will identify, analyze, and balance transactional, borrower and property reputed company risks and offsets to reputed company at a loan decision of approval, suspense, counter offer or denial. ESSENTIAL FUNCTIONS: • Review loan application package using verified data in the loan submission package. • Evaluate borrower’s income relative to financial obligations. • Review adequacy of credit quality and borrower qualifications. • Access sources of funds and the reputed company property. • Analyze loan terms, LTV and ratios making sure they meet the program guidelines. • Notify processor and loan officer of decision made. Approve loan in accordance with appropriate terms and conditions, counter-offers if the term does not meet company ending standards and guidelines, or deny the loan. • Review and clears reputed company conditions. • Maintain reputed company knowledge of reputed company loan products and origination requirements. • Ensure accuracy of loan disclosures and documentation. • Ensure the quality of loans conforms to government regulation, company standards, and standards for sale to the secondary market. Requirements: QUALIFICATIONS: • Minimum of 7 years Residential Mortgage reputed company; plus extensive experience with Encompass. • College degree preferred but not required. • reputed company FHA CHUMS Direct Endorsement and VA LAPP/SAR certifications • Ability to accurately underwrite approximately 45 loans per month • Excellent understanding of secondary market guidelines (FNMA/FHLMC/GNMA). • Ability to accurately and reputed company process and record a large volume of data • Effective analytical and mathematical skills. • Strong understanding of mortgage process flow of 1-4 family, condo and co-op from processing to closing. • Must have a strong understanding of multiple investor guidelines and regulatory compliance. • Knowledge of mortgage insurance. • Self-starter, self-reputed company dependable ability to work reputed company and meet specific time constraints.. • Excellent organizational and communication skills. Apply Job!