Senior Mortgage Underwriter
Seeking a Sr. Mortgage Underwriter with experience in the banking/mortgage industry for my client . This will be a full Work From Home position. Please see the details below and apply!
Location: **WFH Assigment**
Pay: $38.75per hour
Contract term: Temp to Perm
The Mortgage Senior Underwriter is responsible for reviewing, analyzing, and approving residential loan applications. The Mortgage Senior Underwriter is also responsible for verifying income, assets, credit and collateral documents, including self-employed personal and business tax returns. The Mortgage Senior Underwriter may be involved in one or several types of mortgage lending (agency conventional, portfolio conventional, FHA/VA MI etc.). This position will also lend support to other underwriters on complex loan submissions. Lending authority to include conventional, government and jumbo loan programs for up to $750,000. Excellent phone and communication skills and an exemplary customer service oriented attitude and the ability to work effectively in a Team Environment is essential.
Working hours: 9:00 AM - 5:00 PM
Evaluate creditworthiness of borrowers in order to render a credit decision. This includes, but is not limited to the review of paystubs, W2's, financial statements, tax returns, asset statements, bank account statements, credit reports etc.
Must ensure all loans meet or exceed corporate credit policy and be in compliance with the Ability to Repay (ATR) and Qualified Mortgage provisions of the Dodd-Frank Act.
Ensure compliance with appropriate company and Agency/Investor/FHA/VA guidelines.
Review transmittal & 1003 to make sure it is accurate and complete and matches the final AUS findings
Review the credit report and compare liabilities to 1003. Verify the investor guidelines for outstanding derogatory items and requirement payment or satisfaction if needed.
Calculate income/self-employed cash flow using documentation and methodology required per investor, and CFPB regulations. Analyze the business's financial strength by examining annual earnings to determine stability and validity. Income must be verifiable, stable and ongoing.
Requirements: 5+ years of recent Mortgage Underwriting Experience (FHA, VA and Conventional) with strong agency guideline knowledge
Bachelor???s Degree or equivalent work experience
DE, SAR and LAPP certifications strongly preferred ;
Strong working knowledge of ATR/QM Requirements
Proven knowledge of Mortgage Insurance Guidelines and rates
Working knowledge of Empower LOS is a plus
Please email all resume to email@example.com
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