Job Description
Flex Mortgage Group has an opening for a Positive and Growth Minded Mortgage Underwriter. The Underwriter will be responsible for the timely review of any FHA, VA , Conventional or USDA loan applications to assess a borrower's credit worthiness. Underwriters will gather information, apply their knowledge of FHA, VA, Conventional and USDA guidelines and standards in order to make a quality decision that protect the borrower and Flex Mortgage Group.
We Change lives, let's start with yours.
Buying a home really does change people's lives, and we are making a meaningful difference in our communities every day. We specialize in helping home buyers achieve their dream of homeownership. If those things resonate with you, you'll never find a better home than Flex Mortgage Group.
Learn more about what it means to be a part of a purpose-driven team that takes its core values and mission to heart.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Works under limited supervision using independent judgment when reviewing loan applications .
Keeps within service proposition of Flex Mortgage Group turnaround times (48-72 hrs. for new, pre-approved or suspended files & 24-48 hrs. for conditioned files). Reviews loan applications and supporting documents in Underwriting queue to determine if borrower and/or property meets loan standards.
Updates system of record with corrections to file in Automated Underwriting System (AUS) if necessary. Analyzes borrower's acceptable credit capacity and collateral using an Automated Underwriting System (AUS).
Determines acceptability of borrower & property to meet requirements of Flex Mortgage Group policies and FHA, VA, Conventional or USDA Handbook guidelines. Makes independent recommendations to loan applications deciding if loan meets all criteria.
Flex Mortgage Group also originates NON QM, Hard Monday and other alternative lending products.
Communicates decision (approval, suspend, denial) of loans to appropriate parties, including any conditions made to file as needed.
Re-underwrites loans after resubmissions of additional information added to the file.
Ensures an audit trail by including documentation and comments on the file for any unusual circumstances. Explains income calculations on approval documents.
Answers and assists with general underwriting scenario and guideline questions.
Interacts with Branch offices as needed to ensure all closing conditions are met prior to preparing loan closing documents. Positive communication skills and interaction with team a huge must.
Complete annual BSA/AML training and all other compliance related trainings.
Performs other tasks as assigned.
Equal Opportunity Employer