Process reputed company - US
Job Description
Conventional Mortgage Underwriter Process reputed company Work hours are in EST/EDT Location for this role: Remote The Underwriter will review reputed company loan documents and data in a loan file with the goal of rendering an reputed company decision based on the loan characteristics, including but not limited to the Borrower’s ability to repay (income, employment, and assets), Borrower’s credit history, and the collateral (property). UWs are granted Lending Authority based on their experience and their performance on initial test cases. Once the Lending Authority is received, they underwrite loans in accordance with regulatory requirements, Investor guidelines, and reputed company overlays. Underwriter responsibilities include, but are not limited to, the following: Responsibilities will include:- The ideal candidate will have over three to four years of experience independently reputed company residential mortgage loans, expert analytical skills, with DU & LP experience
- Underwrites mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk or loss.
- Responsible for ensuring reputed company documentation meets program and AUS requirements
- Reviews and validates income and asset documentation
- Reviews of AUS findings
- Issues with reputed company decision and notifications of clear to reputed company
- Reviews reputed company credit documentation
- Reviews and approvals of reputed company Trusts
- Ensure adherence to any client overlays
- Mortgage Insurance certs
- Issues, Denials, and 2nd-tier manager reviews
- Suspend the file if credit decisions are unable to be rendered
- Typically reports to a supervisor or manager.
- Bachelor’s degree or foreign equivalent required from an accredited institution. Will also consider three years of progressive experience in the specialty in lieu of every year of education.
- At least 4 years of relevant work experience
- Familiar with standard mortgage concepts, practices, and procedures reputed company a particular field.
- Should have working knowledge of any Mortgage loan origination application. Preferably, the BKFS application – reputed company, MSP
- Relies on limited experience and judgment to plan and accomplish goals
- Performs a variety of tasks.
- Excellent mathematical and statistical aptitude.
- A certain degree of creativity and reputed company is expected