Description
Location - Westlake
Job Description:
Review and decision credit, income and asset documentation for non-approved loans, including qualification of wage earner and self-employed borrowers per client and investor guidelines. Meet established Production and Quality goals.
- Meet established turnaround times required for reviewing individual documents and initiating tasks.
- Answer incoming calls and meet dept phone SLA's.
- Clear conditions as needed. Identify & work through alternatives for loans that fall outside of guidelines by demonstrating the ability to adhere to the UW guidelines to ensure proper salability of loans to investors.
- Track missing documentation on loans.
- Review documentation upon receipt for adherence to investor requirements.
- For loans that fall out of guidelines, identify and work through alternatives with Supervisor and/or clients.
- Make recommendations to save or convert to an actual Business Decision.
- Assist internal/external customers and correspondents with loan status, website assistance, web scoring, and underwriting scenarios.
- Act as a subject matter expert and perform second level review as required.
- Address elevated loan questions and issues from lower level analysts.
- Share all findings with processor, clients or correspondents via written or verbal communication methods.
- Complete input of loan details and information into internal systems during initial underwrite.
- Review higher risk flags from data alerts to clear variances.
- Access and rescore loans through process on decision engines.
- Review re-verified information compared to original verifications
Education:
- HS diploma required
- College degree not required, but preferred
Experience:
- MINIMUM 2 YEARS experience in conventional underwriting of full doc loans
- Familiarity with AUS including DU and LP
- Demonstrated knowledge and expertise with secondary marketing, underwriting guidelines and products inclusive of GSE, Jumbo, and non-conforming.
- Experience with income analysis to qualify wage earner and self-employed borrowers. Familiarity with income tax documentation including but not limited to sole proprietorships, S-corps, C-corps, partnerships, and limited liability corporations is required.
- Strong customer service and communication skills (verbal and written) are required with a track record of the utilization of interpersonal skills to interact with other departments in a professional manner. Candidates must be detail-oriented, organized and possess strong problem solving skills with the ability to make quick accurate decision with limited information.
- Ability to manage multiple priorities and meet deadlines in a fast paced, high volume work environment.
- Strong analytical skills and decision-making ability to make lending decisions and translate guidelines.
- Open to flexible scheduling options and the ability to adapt/change as needed.
- Working knowledge of Microsoft Office Suite.