Job Description
REMOTE MORTGAGE UNDERWRITER: WORK FROM HOME- ANYWHERE IN THE UNITED STATES
WE ARE LOOKING FOR EXPERIENCED REMOTE MORTGAGE UNDERWRITERS, WHICH INCLUDES BUT NOT LIMITED TO WHOLESALE UNDERWRITING, RETAIL UNDERWRITING, CONVENTIONAL UNDERWRITING, FRONTLINE UNDERWRITING AND CORRESPONDENT UNDERWRITING. THIS IS COMPLETELY REMOTE UNDERWRITING ROLE ANYWHERE IN THE UNITED STATES.
“GREAT SIGNING ON BONUS OF $10,000.”
JOB DESCRIPTION:
The underwriter will review regulatory compliance with disclosures, validate data used by an automated underwriting system to decision loans, and perform a comprehensive review of the appraisal report. The underwriter will determine if the loan meets underwriting guidelines, product guidelines, investor requirements and eligibility requirements and also analyze the credit report, all necessary income and asset documentation and title report. The underwriter will update information regarding the loan transaction in the loan origination system with the appropriate status and loan conditions. In addition, the underwriter will review and clear conditions prior to closing. Must have 3 -4 years of recent underwriting experience in any of the above areas. Must have excellent customer service skills.
JOB DUTIES/RESPONSIBILITIES:
1 Perform a cursory review of the loan file for compliance with Federal disclosure requirements to include the Net Tangible Benefits worksheet.
2 Validate the data used by the AUS to make a credit decision. This includes but is not limited to:
a. Verify all loan term obligations were considered to qualify
· Thoroughly analyze the credit report for all current obligations
· Determine any borrower SSN or address issues; address fraud alerts
· Analyze derogatory credit, including but not limited to collections, judgements, foreclosures, other public records to meet AUS/program guides
· Review detailed Fraud report
b. Determine income used to qualify the loan was calculated correctly
· Including all income types with completing a self-employed analysis and/or wage earner/non-taxable income worksheet(s)
c. Ensure assets used for the source of funds to close and for reserves are acceptable and accurate
d. Establish that documentation required by the AUS is in the file or becomes a condition of the loan approval
3 Perform a comprehensive review of the appraisal report and all supporting documentation. This includes but is not limited to:
a. Verify the report was performed by a licensed/certified appraiser and meets client’s and investor/agency requirements.
b. Determine that the property meets investor guidelines.
c. Ascertain that the appraiser has supported his/her opinion of market value.
d. Establish that the appraisal report is complete and free of any inconsistencies and that the property is sufficient.
4 Evaluate the application, supporting credit, income and asset documentation, the appraisal report and the contract of sale of sale to uncover inconsistencies and potential misrepresentation in the loan file.
5 Determine if the loan was submitted to underwriting in accordance with the program and terms registered or locked with Client’s secondary marketing department. Resubmit the loan to Client’s AUS, when validated data falls outside of AUS tolerance levels.
6 Resubmit the loan to client’s AUS, when validated data falls outside of AUS tolerance levels.
7 Identify loan conditions that must be cleared prior to closing and/or at closing.
8 Enter/correct data in LOS. Data includes the status and recommended conditions for the approval.
9 Review and clear “prior to closing” conditions that have been identified as the underwriter’s responsibility.
10 Communicate as needed with Client’s staff and customers.
REQUIREMENTS:
· High School diploma; college degree preferred
· 3 years of recent Underwriting experience required.
BENEFITS:
WE ARE AN EQUAL OPPORTUNITY EMPLOYER, AND ALL QUALIFIED APPLICANTS WILL RECEIVE CONSIDERATION FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, NATIONAL ORIGIN, DISABILITY STATUS, PROTECTED VETERAN STATUS, OR ANY OTHER CHARACTERISTIC PROTECTED BY LAW.
Company Description
Founded more than 25 years ago, Indecomm Mortgage Services is a leading provider of business services and technology for the US mortgage industry. The company is headquartered in New Jersey with over 1,200 employees worldwide. Indecomm services and solutions support every stage of the mortgage lifecycle with automation and software, outsourcing and project management, and compliance and education. With a focus on technology solutions first, we partner with large and mid-sized lenders, services, mortgage insurers, and title companies to achieve one specific goal-to help them grow. Our longevity in the ever-changing mortgage industry is our strength. We have worked diligently in the outsourcing and consulting spaces to develop tools and resources using extensive feedback from both clients and internal associates. See how we stand out in the crowded mortgage solutions provider space: 1,200 employees across the globe with mortgage industry expertise who develop and support sophisticated solutions and innovative technology Technology firm with mortgage banking expertise that provides robust automation solutions and outsourcing services that support the loan life cycle Leveraging the latest technology allows automation of mortgage processes that were previously done only on a manual basis All engagements can be customer monitored to observe work in real time using the latest in cutting-edge technology Automation and software technology can also be licensed without the outsourcing component providing customers the same real-time reporting and visibility into their employee’s work Compliance and education programs and resources give clients access to our mortgage industry experience