Mortgage Loan Origination Underwriter

Job type:
on-site
Start:
08/15/16
Duration:
6-months (+)
From:
Elite Tek Services, Inc.
Place:
Texas
Date:
08/11/2016
Country:
flag_no USA
project ID:
1184257

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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.