This candidate MUST Have at least 4 years of experience in VA Mortgages Underwriting. DE Required.
Primary responsibility is the underwriting and approval of saleable loan programs approved by Employer. They will gather and process all loan documentation and ensure compliance with policy, regulatory, and loan terms. This includes the monitoring of the quality and volume of business, assisting in developing new ways to develop business opportunities, and refining work flow procedures.
Responsibilities
- Operate within Employer’s paperless loan origination platform, according to Employer guidelines;
- Review per-qualification data from Production Department, as required;
- Review structure and accuracy of loans;
- Ensure loan approvals for all automated underwriting loan programs are accurate;
- Underwrite loans to Investor Guidelines within service levels of Employer, using the electronic imaging system provided by Corporate;
- Perform all underwriting due diligence, according to Employer’s direction and utilizing Employer- authorized tools;
- Obtain MI Certificate if required for approval;Review supporting loan documents for accuracy and completeness;
- Contact the appropriate parties to validate application data;
- Assure Lock Agreements are contained in each file and validate loan locks and fees;
- Work with Production to modify loan terms to obtain underwriting “approval”;
- Clear conditions, as required;
- Maintain and communicate loan and underwriting conditions status for each loan in the Loan Origination platform;
- Re-run automated underwriting prior to closing doc preparation, as required;
- Work with staff and help obtain post-closing conditions, as necessary;
- Assure all loans have second signature, as appropriate;
- Maintain accurate accounting on files and resolve any discrepancies;
- Maintain current date fields in computer for all files;
- Ensure all files are disclosed properly;
- Provide compliance review responses within three business days of request from corporate;
- Provide management with any feedback that may make the underwriting process more efficient and/or provide for higher quality control; and
- Perform other related duties as assigned by management.
Qualifications
- Previous experience with mortgage loan underwriting required
- Knowledge of FHA, VA, Conventional, and USDA loans
- Experience with working in Encompass required
Job Type: Full-time
Pay: $80,000.00 - $100,000.00 per year
Benefits:
- 401(k)
- Health insurance
- Paid time off
Work Location: Remote
