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Mortgage Underwriter - 100% Remote

Wheaton McCrea

Mortgage Underwriter - 100% Remote

Newark, NJ +12 locations
Full Time
Paid
  • Responsibilities

    Job Description

    WHY JOIN WITH THIS FIRM?

    • HIGHLY STABLE, MORTGAGE FIRM WITH HEAVY FOCUS ON PURCHASES
    • AWESOME MANAGEMENT TEAM, PERSONABLE AND CONCENRED ABOUT RETAINING YOU LONG-TERM
    • EXCELLENT SALARY PLUS BONUS - PLUS GREAT MEDICAL BENEFITS

    MORTGAGE UNDERWRITER

    PURPOSE:

    The position is responsible for the underwriting of portfolio and secondary market loans that comply with loan policy and investor guidelines. This position provides administrative support for the Residential Loan Underwriting Department which includes: reviewing mortgage files for accuracy and compliance, underwriting and presenting loans to senior management for approval, preparing files for loan closing, reviewing and analyzing reports, sending internal and intra-company correspondence, inputting data, and meeting all scheduling requirements. Other responsibilities include providing working direction to the loan officers and processors and complying with internal and external guidelines and requirements. This position is non-exempt.

    ESSENTIAL FUNCTIONS & DUTIES:

    • Perform loan file review and underwriting to determine compliance with investor guidelines, underwriting philosophy, policy and procedures. Ensure timeliness, accuracy and productivity levels established by management.
    • Review sources of income and verifiable income amount in order to ascertain correct debt-to-income calculation. Assess the overall risk and credit quality of loans based on transaction type, analysis of income, assets, credit and collateral.
    • Ability to review, interpret and analyze loan applicants’ credit histories, income and assets, tax returns, financial statements, and other complex financial information to render a loan decision, and effectively present loans to higher lending authorities.
    • Review documentation including flood certification, insurance documentation and property tax information to ascertain that correct proposed loan payment amount was calculated correctly. Use of a financial calculator.
    • Determine if LTV, DTI and other criteria comply with lending parameters of various loan programs and investor requirements.

    ESSENTIAL REQUIREMENTS:

    • A minimum of 3-5 years of current Mortgage Underwriting work experience in Conforming and/Non-Conforming mortgage loans required.
    • FHA, FNMA, FHLMC, VA, and/or RD experience is preferred.
    • DE or SAR a big plus!

     

  • Locations
    Aurora, CO • Denver, CO • Boulder, CO • Fort Collins, CO • Colorado Springs, CO • Grand Junction, CO • Lakewood, CO • Baltimore, MD • Newark, NJ • Dallas, TX • Arlington, TX • San Antonio, TX • Austin, TX