UNDERWRITER

Review mortgage loan files to asses risk and compliance with agency and investor underwriting guidelines.

Duties & Responsibilities:

• Collect and analyze loan documentation to calculate risk and credit worthiness for residential mortgages.

• Review, update and run automated underwriting systems to determine risk, salability and reduced documentation for borrowers and review of data accuracy as input in Encompass LP and DU

• Review appraisal to verify that it meets investor /insurer requirements and contact appraiser to obtain clarification of the appraisal when necessary.

• Submit qualifying loan submission to investor /insurer for final approval

• Act on loans awaiting closing by reviewing and clearing conditions of commitment, pull and analyze credit.

• Deny loan applications that do not meet applicable investor/insurer underwriting criteria by issuing adverse action letter in accordance with ECOA

• Reconsider any previously denied application at request of borrower, realtor, loan originator or management

• Provide clear, concise and appropriate conditioning of loans when rendering decisions.

• Mentor processing staff on underwriting deficiencies and calculation errors.

• Keep management informed of specific ongoing issues that require immediate attention.

• Provide client support for general questions or problem resolution via phone and e mail interaction.

• Coordinate with Post-Closing department on any stipulations for closed files.