Job Description

SUMMARY: The Underwriting Assistant (UWA) is an important link before and after the underwriter has reviewed the file. The UWA is available for Broker or Retail Branch questions, reviews and communicates status, and signs-off underwriting conditions that do not require the underwriter to review. The underwriting assistant works side by side with assigned underwriters, building continuity, teamwork, and enhancing the swift progression of the file.  

ESSENTIAL DUTIES AND RESPONSIBILITIES

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.

PRE-UNDERWRITING

• Provides support and assistance to underwriting staff under direction of Underwriting Management.
• The UWA reviews files once they hit the Underwriting Assignment queue to determine if there are items that can be signed off in advance of pushing the file to Underwriter.
• The UWA Assigns files to Underwriters at the direction of the Underwriting Manager.
• Reviews and signs off on Limited Denial Participation (LDP) and Excluded Parties List System (GSA/EPLS) assuring documentation is in the file, run on all parties involved in the transaction, and that all have been cleared.  Any non cleared participants must be flagged and brought to the attention of the Underwriter.
• The UWA reviews the Fraud Report for both property and borrower, clearing conditions as directed by Management. Refreshes report when changes have been made to the file and clears conditions as needed.
• FHA - Check CAIVRS for all borrowers

POST-UNDERWRITING

• Reviews and signs off conditions as designated by the underwriter/management.
• Confirms all data such as dates and participating third party agents are input to the LOS and that the AUS and Fraud reports have been updated/refreshed as needed.
• Runs social security verifications (SSA89) on borrowers when applicable.
• Compares Preliminary Title Policy, Escrow Instructions and Sales Contract as applicable, FHA Case Assignment as applicable, USPS and appraisals for correct property address.
• Requests new or updated Verification of Employment/Verification of Income when applicable.
• Reviews Flood Certs to ensure the LOS has accurate information and that flood insurance requirements are conditioned for and reviewed.
• The UWA reviews IRS transcripts as needed per Underwriting guides and AUS and signs off as instructed.
• The UWA Submits Self Employed Borrower Tax returns to LoanBeam and prepares worksheet for the Underwriter.
• FHA - Ensure Case Assignment is in MWF’s name and request updates as necessary.
• CONV - Check Condo is Fannie Mae approved when applicable.
• Once file is completed by underwriter, performs Early Check and LQI compliance reports in order to meet investor requirements and notifies all parties of clearance or deficiencies.
• Confirms Pre-Closing Verbal Verification of Employment is complete and current within 10 days of Not

QUALIFICATIONS

The requirements listed below are representative of the knowledge, skill, and/or ability required for this position:

• Strong PC skills (Word and Outlook)
• Good organizational skills
• Quick learner
• Good telephone etiquette
• Works well and accurately at a fast pace under pressure
• Ability to write simple correspondence
• Ability to read and comprehend instructions, policies and procedures
• Ability to compute rate, ratios and percentages
• Ability to work well with others

EDUCATION/EXPERIENCE:

• One year certificate from college or technical school or minimum 2 years related mortgage experience or loan processor training.

COMPUTER SKILLS:

To perform this job successfully, an individual should have knowledge of:

·            Microsoft Office

·            Database software (DataTrac and Calyx Point,ConformX)

·            Internet software

Company Description

We are excited to introduce you to Mountain West Financial. Michael Douglas and Gary Martell Jr. began their career in the mortgage industry as competing Originators. They use that background today to maintain an environment where the entire company works toward one common goal; to close loans while delivering customer service that is second to none. Since 1990 Mountain West Financial has built a reputation of not just putting people in any loan, but to put them in a home loan that suits both their short and long term goals, to earn the opportunity to become a lender for life. Our Success over the past 30 years is derived from our goal of offering sustainable homeownership solutions, doing right by our team, clients, and referral partners drives us to continuously expand out program offerings, systems and tools. In order to accomplish these goals we constantly analyze and improve our internal processes to enhance our service levels to all of our clients, both internal and external while maintaining our high business standards. Calling all Processors, Jr. Processors, Data Entry, Disclosure Technicians, and anyone looking to grow and advance their mortgage career. Are you looking to make a move to Underwriting? We are looking for those who want to take charge of their success and become an Underwriter. We have developed and are launching our new training proprietary platform – Underwriting Academy. Come join us! To qualify for Underwriting Academy, you must first meet MWF employment qualifications, be onboard as a Underwriting Assistant, and meet the following: • Someone who wants to work closely with Loan Officers, Processors, and other team members to get borrowers approved for their home purchases or refinances • 1+ year experience in Mortgage Lending • Detail Oriented • Ability to evaluate information to find solutions to ultimately lead to strong decision making • Ability to multitask • Driven to learn • Good Customer Service and Communication Skills If you’re ready to take the next steps in your Mortgage Career – join us for the launch of Underwriting Academy. For more information, send a resume and any questions you may have to underwriteracademy@mwfinc.com. Mountain West Financial is proud to be an Equal Employment Opportunity employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.