This position will work closely with the Underwriter to ensure all loans meet investor and Agency guidelines. The Junior Mortgage Underwriter will initially be expected to have a strong working knowledge of Conventional loan programs, will clear conditions for the Underwriter at times, review pre-approvals, underwrite Conventional loans, and be responsible for responding to all scenario desk questions. This position can progress to full Underwriter status upon obtaining the FHA DE and VA SAR designations, as well as progressing to underwrite USDA and Jumbo loans.
20% Under the supervision of the Underwriter and Management, complete a full underwriting review of Conventional loan files, including analysis of credit reports, income documentation, appraisals, title reports, and asset statements.
10% Check LOS, 1003, and AUS for completion and accuracy.
10% Ensure all documentation in file is correctly sorted and labeled.
10% Keep current on all investor and agency guidelines.
15% Clear conditions on any loans assigned by the Underwriter or Management.
15% Answering loan scenario and guideline questions submitted through the Scenario Desk.
10% Have minimal post-closing file deficiencies and assist post-closer with obtaining and/or correcting any necessary data in order to have fully accurate loan files.
5% Assist Mortgage Underwriters with various mortgage duties in order to learn and grow in underwriting knowledge and comply with all pertinent regulatory requirements to ensure the mortgage lending portfolio is of sound nature.
5% Perform various additional tasks as assigned by Management that may not be specifically listed in this position description.
High School Diploma with 5 years processing and/or underwriting experience.
Knowledge of Fannie Mae and Freddie Mac loan programs and guidelines. Knowledge of USDA, FHA and VA guidelines preferred.
Ability to search guidelines thoroughly and interpret them correctly.
Proficiency with self-employed borrower and rental income calculation tools with a high level of accuracy.
Excellent verbal and written communication skills.
Strong time management skills, including ability to accurately prioritize tasks.
Mathematical proficiency, strong analytical skills, and high attention to detail are required.
Solutions-focused thinking to find the appropriate or alternative program for unique situations.
Ability to create Raving Fans of our Operations and Sales team and exemplify our Right By You culture.
Experience with Encompass preferred.
The above statements are intended to describe the general nature and level of work being performed by people assigned to this job.
They are not intended to be an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
Affirmative Action/Equal Opportunity Employer