Job Title
Underwriter
Reports To
Underwriting Manager
Job Overview
The mortgage underwriter will evaluate and determine the eligibility of loan applications. The mortgage underwriter's responsibilities include analyzing and verifying loan applications, evaluating risks, and making loan eligibility decisions.
A successful mortgage underwriter should be able to exercise sound judgment based on detailed analysis and ensure that all documentation is in compliance with the relevant regulations. The ideal Mortgage Underwriter at Rize Mortgage displays a strong desire for unparalleled customer service, is willing to work in a team atmosphere, employs excellent communication skills (both written and verbal), is well-organized, and extremely detail-oriented.
Responsibilities and Duties
· Review file for completeness, comparing data entered in loan application with actual documentation in file
· Review all documentation in file to ensure it meets applicable agency or investor guidelines
· Calculate income including potentially complex financial documents such as business tax returns
· Disposition status of documents received to include acceptance or rejecting documentation for acceptability of meeting loan conditions
· May be required to facilitate restructuring of loans when documentation supplied does not meet guidelines by locating another program that will be acceptable
· Communicate verbally and electronically with internal parties applicable to the transaction including but not limited to loan consultants, loan processors, and operational and sales managers as applicable
· Manage pipeline deadlines to ensure loans are submitted to critical milestones to meet purchase contract close of escrow deadlines
· Maintain updated communication logs or other status reports as applicable
· Attend weekly/monthly departmental meetings
· Understand and adhere to all critical regulatory guidelines
· Meet all established Quality Control Metrics including responding to any audit citations or deficiencies
· Attend departmental and compliance training as required
· Meet minimum production requirements for new loan files as well as resubmission/condition reviews
Qualifications
· High school diploma or equivalent
· Minimum 5-7 years experience with conventional and government underwriting of two or more agencies (VA, FHA, USDA); purchase/builder business preferred
· MS Office; including Outlook, Word, and Excel
· Calyx Path LOS experience preferred
· Must pass CAIVRS acceptability
Work Experience
· Excellent verbal and written communication skills
· Strong attention to detail
· Outstanding interpersonal and customer service skills
· Ability to multi-task and meet deadlines
· Strong organizational skills
· Ability to operate independently when needed but perform as a team player
· Strong knowledge of underwriting guidelines – Fannie Mae/Freddie Mac plus FHA and VA as well as investor-specific guidelines as applicable
· Strong regulatory knowledge, including ECOA, HMDA, RESPA, and other applicable federal or state-specific guidelines
· Strong time management skills including the ability to work under fast paced, sometimes tight deadlines
· Proficiency in Microsoft Office and automated underwriting systems.
Job Type: Full-time
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Schedule:
- 8 hour shift
- Monday to Friday
License/Certification:
- Direct Endorsement Underwriter Certification (Required)
- VA SAR Certification (Required)
Work Location: Remote