Frontline Mortgage Underwriter (Remote)
Job Description
THIS IS A REMOTE POSITION
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 years of recent frontline underwriting experience. Wholesale underwriting experience a plus. Must have excellent customer service skills.
JOB DUTIES/RESPONSIBILITIES: a. Perform a cursory review of the loan file for compliance with Federal disclosure requirements to include the Net Tangible Benefits worksheet. b. Validate the data used by the AUS to make a credit decision. This includes but is not limited to:
c. Perform a comprehensive review of the appraisal report and all supporting documentation. This includes but is not limited to:
d. 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. e. 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. f. Resubmit the loan to client’s AUS, when validated data falls outside of AUS tolerance levels. g. Identify loan conditions that must be cleared prior to closing and/or at closing. h. Enter/correct data in LOS. Data includes the status and recommended conditions for the approval. i. Review and clear “prior to closing” conditions that have been identified as the underwriter’s responsibility. j. Communicate as needed with Client’s staff and customers.
SERVICE LEVEL REQUIREMENTS: One Business day (24 hours)
One business day (24 hours)
OTHER REQUIREMENTS:
REQUIRED EDUCATION AND EXPERIENCE
WORK ENVIRONMENT
Remote – candidate should have space and ability to work professionally from home environment. Dual Monitors, laptop or desktop (must have anti-virus software), printer/scanner recommended but not required.
TRAVEL This position requires no travel.
Company Description
Staff Pad is a third party staffing firm.