We are also hiring for the position as well: Position: Mortgage Loan Underwriter Reports To: Senior Lending Manager FLSA Status: Exempt Updated: May 23, 2013 If interested, please contact: Lejla Taji Senior Lending Manager [email protected] ϖ Purpose: Gather and verify that all the mortgage loan information provided is accurate and take each file from pre-approval to closing. ϖ Essential Duties and Responsibilities: 1. Perform credit and property analysis on loan, files, examining loan documentation and terms including Loan to Value ratio, payment and debt to income ratio, automated underwriting reports, appraisal report, initial application, credit, employment, assets and any and all supporting documentation to ensure accuracy and completion and investor quality. 2. Manual underwriting including calculation of debt ratios, and using FNMA Desktop Underwriter. 3. Complete review of new loan submissions, resubmissions, initial and resubmitted conditions. 4. Maintain quality control standards while maintaining production standards. 5. Identify and document any potential risk or issue regarding loan reasonableness, potential fraud, and misrepresentation, escalating when issue is identified. 6. Provide excellent customer service to all staff by effectively explaining credit decisions, proactively interacting with all teams within the within Opportunities Credit Union to acquire all required documentation and ensure business is concluded in a timely manner. 7. Maintain knowledge of regulatory changes, external and internal compliance requirements and investor guidelines to insure loans can be sold. 8. Process, underwrite and prepare closing documents for small business loans. 9. Performs any additional duties assigned by management. 10. Supervisory Responsibilities: This job has no supervisory responsibilities. 11. Education and/or Experience: High school diploma or general education degree (GED); or 3 years related experience and/or training; or equivalent combination of education and experience. 12. Computer Skills: Knowledge of Office Tools, Spreadsheet & Word Processing software and software used by mortgage area (Juice, Harland, Encompass, FNMA, VHFA, RD, Genworth, MGIC). 13. Language Skills: Ability to communicate clearly and effectively, both verbally and in writing, across a variety of audiences. 14. Mathematical Skills: Ability to work with mathematical concepts: add, subtract, multiply and divide using whole numbers, common fractions and decimals; ability to compute rate, ratio and percent. 15. Reasoning Ability: Ability to apply common sense understanding to carry out detailed uninvolved written or oral instructions. Ability to solve problems involving a few concrete variables in standardized situations.
Posted on: Sat, 23 Nov 2013 01:48:35 +0000