DUTIES AND RESPONSIBILITIES:
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Reviews all items and conditions provided by borrowers and ensures they meet the required guidelines by utilizing internal and external (e.g., agency) policies and procedures [e.g., automated underwriting systems such as Desktop Underwriter (DU)]
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Knowledge of FANNIE / FREDDIE is a must.
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Wholesale / Correspondent experience is preferred
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Non-QM and VA experience are preferred.
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Ensures that Company operating standards are met for underwriting and compliance by utilizing internal and external (e.g., agency) policies and procedures
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Reviews applications and all pertinent disclosures to ensure compliance with all Federal, State, and investor requirements are met and upheld
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Monitors property appraisal process to ensure the value of a property is accurately presented
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Analyzes documentation such as credit, income, assets, and appraisals to make sound underwriting decisions based on this analysis by using an internal checklist
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Analyzes loan applications to identify any risk issues and/or potential misrepresentation.
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Reviews documentation and ensures documents are properly classified and organized
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Makes quality underwriting decisions while maintaining Company turn-time expectations
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Reviews and clears conditions on all loans to ensure a complete loan package prior to closing
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Utilizes proprietary and online tools [e.g., Lexis/Nexis, Real Quest, Mortgage Electronic Registration System (MERS), AVM’s, etc.] to help combat fraudulent activity and ensure quality loan decisions
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Have the ability to rework loans to new terms, and identify additional conditions as needed.
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Must be able to provide quick and accurate answers on multiple loan project guidelines
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Engages specific strategies (e.g., determines appropriate individuals to resolve escalated customer issues, etc.) to resolve customer questions and concerns
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Continually reviews underwriting environment, and suggests improvement opportunities to management
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Acts as a recognized subject matter expert within the Company and partners with management on underwriting-related issues by providing analytical support, and counseling advice for their functional areas
KNOWLEDGE, EDUCATION, AND EXPERIENCE:
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Intermediate knowledge in Microsoft Word, Excel and Outlook
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Expert knowledge of conventional and/or government loan underwriting and selling guidelines (e.g., Fannie Mae, Freddie Mac, FHA, VA, etc.)
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Exceptional customer service
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Excellent attention to detail
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Ability to communicate effectively with all levels
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Ability to positively project the Company and department