Job Description

RESIDENTIAL MORTGAGE LOAN UNDERWRITER - REMOTE

Do you want a job that is going to SURVIVE refi madness? Have you ever been looking for a job when EVERYONE is laying off? Look at the Mortgage Bankers Association (MBA) Research and Economics | Mortgage Bankers Association (mba.org) If having a job after refi madness is important to you... call us today!

Looking for a remote mortgage loan underwriting position that will pay you 110% of your current documented salary? Looking for an employer who is willing to pay you $6,000 more in base salary if you don’t need corporate healthcare benefits? Do you want to work for a company that has been voted a Top Mortgage Employer 6 years in a row?

Well, look no further because Claro Mortgage Executive Search is looking for you!

JOB SUMMARY:

The Underwriter is responsible for underwriting residential loans ensuring credit worthiness and risk assessment, compliance with all federal and secondary market investor standards. Underwriter is responsible for examining and accessing loan documentation for accuracy, completeness, and ability to repay, rendering credit-risk decisions and subsequent clearing of conditions to ensure all applicable federal guidelines are met.

ESSENTIAL JOB DUTIES AND RESPONSIBILITIES:

·         Perform a detailed review of the residential mortgage loan application and documentation as submitted to ensure loans meet agency and client underwriting guidelines.

·         Review, analyze, and confirm AUS requirements to ensure all submitted information is accurate and meets investors standards.

·         Analyze borrower’s credit profile, collateral, and capacity to repay the proposed mortgage obligation.

·         Review property appraisal.

·         Accurately calculate borrower’s income and debt-to-income ratios based on acceptable agency and company practices.

·         Develop and maintain knowledge of multiple loan product guidelines.

·         Document lending decisions and complete required screens within our client’s LOS, as well as adding and/or creating applicable conditions on the loan decision letter.

·         Review conditions submitted on loans and sign off on conditions where appropriate.

·         Provide quality control responses in a timely manner.

·         Meet the minimum daily production goals plus clearing conditions and perform within department audit standards.

QUALIFICATIONS, SKILLS AND EDUCATION

SO HOW DO YOU BECOME PART OF THIS FANTASTIC GROUP OF PEOPLE? MEETING THE FOLLOWING REQUIREMENTS IS A GOOD PLACE TO START!

·         Require a minimum 5+ years of experience in Front-End / Origination mortgage underwriting for credit worthiness prior to closing.

·         Excellent written / oral communication skills.

·         Proficient in underwriting of conventional / conforming, Jumbo, Non-QM, and Equity / HELOC products

·         High attention to detail and effective problem solving.

·         Proficiency in pipeline management with ability to multitask in a high-volume environment.

·         Ability to contribute and work in a team environment.

·         Proficiency with Encompass and other loan origination systems, automated underwriting engines, imaging and other systems is preferred.

·         Ability to work independently.

BENEFITS:

·         Work from anywhere!

·         Salary

·         Health, Vision, and Dental Insurance available

·         Short- and Long-Term Disability Insurance available

·         Paid Time Off

·         401(k) available (Company Match up to 2%)

PLEASE INCLUDE TWO (2) PROFESSIONAL MANAGER REFERENCES WHEN SUBMITTING YOUR RESUME

JOB TYPE: FULL-TIME

COVID-19 CONSIDERATIONS: EVERYONE IN THE COMPANY WORKS REMOTELY!

Company Description

Claro’s team has over 100 years of combined experience in the mortgage industry, including fulfillment, loan modification, due diligence, and valuation.