Job Description
THE SCOPE:
THE PRIMARY ROLE OF THE DE/SAR UNDERWRITER/ NANQ UNDERWRITER/ GOVERNMENT UNDERWRITER IS TO REVIEW WHOLESALE AND RETAIL LOAN SUBMISSIONS TO DETERMINE CREDIT RISK. TO ENSURE THAT LOAN APPLICATIONS SUBMITTED TO OCMBC MEET ALL FHA, VA, FNMA, FHLMC AND INVESTOR UNDERWRITING GUIDELINES. THE DE/SAR UNDERWRITER IS EXPECTED TO HOLD OR WILL ATTEMPT TO RECEIVE AN FHA DIRECT ENDORSEMENT CERTIFICATION AND VA AUTOMATIC UNDERWRITER DESIGNATION (IF APPLICABLE).
COMPENSATION COMMENSURATE WITH EXPERIENCE
KEY RESPONSIBILITIES:
REVIEW CREDIT DOCUMENTS IN ACCORDANCE TO LOANSTREAM, FHA, VA, AND USDA/RD GUIDELINES.
REVIEW BORROWER’S INCOME AND ASSETS IN ACCORDANCE TO LOANSTREAM, FHA, VA, AND USDA/RD GUIDELINES.
REVIEW SUBJECT PROPERTY TITLE AND APPRAISAL IN ACCORDANCE TO LOANSTREAM, FHA, VA, AND USDA/RD GUIDELINES.
MUST BE ABLE TO MAKE LOAN DECISIONS INDEPENDENTLY (APPROVE OR DECLINE).
SIGN OFF ON CONDITIONS.
VERIFY THE CONSISTENCY OF INFORMATION THROUGHOUT THE FILE
ENSURE THAT SAFE AND SOUND UNDERWRITING GUIDELINES ARE MAINTAINED.
MUST BE ABLE TO ANALYZE PERSONAL AND CORPORATE TAX RETURNS, SELF-EMPLOYMENT INCOME TO INCLUDE BUT NOT BE LIMITED TO PROFIT AND LOSS STATEMENTS AND BALANCE SHEETS
UTILIZE THIRD PARTY VENDORS TO SUPPORT UNDERWRITING DECISIONS (FRAUD GUARD, INTERTHINX, EARLY CHECK, CAIVRS, LDP/GSA, ETC.)
RESPONSIBLE FOR THE FINAL AUS, 1008, LT AND/OR 1003.
SUFFICIENT WORKING KNOWLEDGE OF DEBT RATIOS AND LOAN-TO-VALUES
RESPONSIBLE FOR THE REVIEW AND APPROVAL OF SUBMITTED LOAN CONDITIONS.
PROVIDE INCOME WORKSHEET AND ADHERENCE TO COMPANY GUIDELINES AND OVERLAYS.
REVIEW AND APPROVE ALL LEGAL DOCUMENTATION (PURCHASE CONTRACT IF APPLICABLE), TITLE REPORTS AND ESCROW INSTRUCTIONS.
OTHER DUTIES AS ASSIGNED.
BASED ON BUSINESS NEEDS OVERTIME MAY BE REQUIRED.
PROFESSIONAL EXPERIENCE, EDUCATION, AND QUALIFICATIONS:
MINIMUM 2 OR MORE YEARS OF RECENT EXPERIENCE AS A DE AND SAR UNDERWRITER.
MINIMUM 2 OR MORE YEARS OF RECENT EXPERIENCE IN FHA AND VA.
COMPREHENSIVE UNDERSTANDING AND KNOWLEDGE OF CURRENT FHA, AND VA
BASIC KNOWLEDGE OF FEDERAL AND STATE LAWS PERTAINING TO THE MORTGAGE‐BANKING INDUSTRY (I.E. TRID, ECOA, FAIR LENDING ETC.)
DU/LP/TOTAL SCORECARD KNOWLEDGE REQUIRED.
STRONG COMMUNICATION SKILLS AND ABILITY TO EFFECTIVELY INTERACT WITH BROKERS.
6 MONTHS OR MORE EXPERIENCE WITH USDA/RD IS PREFERRED, BUT NOT REQUIRED.
PERKS:
FLEXIBLE BENEFITS PACKAGE INCLUDING 401K,
IMPRESSIVE COMPENSATION PACKET.
REMOTE POSITIONS WITH FULL SUPPORT STAFF
GREAT ENVIRONMENT- COVERED PARKING, NEAR THE AIRPORT, MUSIC, LAUGHTER, AND GOOD ENERGY.
WORK LOCATION:
Company Description
Our team thrives on the positive work environment we foster. Our mission of getting the loan done the right way, the first time, resonates with every employee within the organization. We continue to enhance the loan process by integrating the most advanced technology, attracting the best talent in the industry and trusting our staff to always “do the right thing.”