The Mortgage Underwriter will be responsible for underwriting and clearing conditions for FHA, USDA, VA and Conventional loans ensuring compliance with specific company, investor and insurer underwriting guidelines in a paperless environment. Experience with underwriting Bond programs is a plus. A thorough working knowledge of industry standard product, program and compliant Underwriting guidelines is required. Mortgage Underwriter candidate must be able to clearly communicate all mortgage loan guidelines to loan processors and loan officers. Underwriter must be a (DE) Direct Endorsement Underwriter.
Associate’s Degree in business management or related field
SAR and/or DE required
Recent experience Underwriting FHA loans and supporting the Mortgage Lending activity at a purchase focused Mortgage Bank.
Basic understanding of mortgage banking software, Mortgage Underwriting, loans, purchase and refinance transactions.
Superior customer service skills
Self-starter with excellent time management skills
Ability to maintain the highest level of confidentiality
Excellent problem-solving skills
Excellent communication skills – written, verbal with an ability to present ideas clearly and concisely
Ability to multi-task in a fast-paced environment.
Minimum 3 to 5 years of credit and appraisal experience in mortgage lending field covering FHA, VA and Conventional Loan Programs.
Maintains pipeline within the Company’s standards 48 hour turn-around time for upfront and final underwrite
Reviews files upfront for initial credit decision based on Company checklists and guidelines
Issues loan approvals based on Company guidelines
Grades loan application quality as based on criteria covered in training
Reviews files throughout the process if requested by the Processor. Communicates errors and missing information to Processor via email/phone call
Emails information pertaining to the loan file through Encompass.
Adjusts condition sheet in Encompass PC with applicable conditions
Reviews files for final approval once all items are gathered by the Processor
Issues final approval uploading all necessary approval documentation into Company’s software systems with appropriate signatures
Works with post-closing department on any stipulations for closed files
Modern Mortgage (NMLS 922097) is an Equal Opportunity Employer committed to workforce diversity. Qualified applicants will receive consideration without regard to race, religion, color, orientation, gender, age, national origin, veteran status, disability status or marital status. Employment is contingent upon successful completion of a background investigation. Modern Mortgage, Inc. is an FHA Approved Lending Institution and is not acting on behalf of or at the direction of HUD/FHA or the Federal government. To verify licensing, please visit www.NMLSConsumerAccess.org.
This is a fulltime position