Underwriter

About This Role

Evaluate and approve or deny mortgage loan applications by reviewing borrower, property, and loan details against established standards. This role involves direct negotiation with loan officers and maintaining high productivity in loan processing.

Responsibilities

• Evaluate acceptability of loans for secondary mortgage markets
• Determine acceptability of risk for prospective business
• Negotiate directly with mortgage loan officers and processors
• Review and complete a minimum of four loans each day
• Review conditions for approved files not signed off by Junior Underwriter within 24 hours
• Notify branches of file status via fax, e-mail, or phone and update DataTrac immediately
• Approve or reject loan applications and request additional information as necessary
• Record loan rejections, specifying investor and institution guidelines for declining applications
• Assemble documents in loan files for the originating mortgage loan office
• Maintain database on new and existing business
• Answer e-mails and phone calls within 1 to 2 hours of receipt
• Assist underwriting coordinator and Junior Underwriter with status questions

Requirements

• 3 years (minimum) full time recent experience reviewing both credit applications and property appraisals
• Currently using DE (Direct Endorsement)
• Reliable and responsible professional, skilled in mortgage evaluation
• Demonstrated knowledge and experience regarding the principles of mortgage underwriting

Qualifications

• 3+ years full time recent experience reviewing both credit applications and property appraisals

Skills

* Required skills