Full Job Description
The Credit Underwriter is to issue credit decisions based on the documented borrower profile within the guidelines of the program and client requirements. Underwriters are to meet the minimum daily production goals plus clearing conditions and perform within department audit standards
Underwrite residential mortgage loans in accordance with Conventional guidelines
Input of data and analysis of findings in Loan Prospector, Desktop Underwriter, Asset wise, other AUS engines, and OES
Identify and assess overall risk and potential fraud exposure resulting from clients' underlying business practices
Meet the minimum daily production goals plus clearing conditions and perform within department audit standards
Review of credit reports to determine credit patterns, current liabilities, outstanding judgments and collections
Review of residential mortgage appraisal forms and calculations of Loan to Value ratios
Analyze income from salaried, commissioned, self-employed, investments, fixed income sources
Analyze assets statements for all types of asset accounts
High school diploma required/GED
Associate/Technical Degree Preferred
3-5 years of industry experience preferred
Essential Knowledge, Skills & Abilities
3 - 5 years of recent frontline (manual and automated) underwriting experience with Conventional, FHA and/or VA Knowledge along with A Paper, B/C Paper, Non-Confirming and Conforming, and Sub-Prime residential products
In-depth knowledge HVCC, guidelines and requirements along with all federal, state and local compliance regulations to include, Truth in Lending and Equal Credit Opportunity laws
In-depth knowledge of the total closing function to include, underwriting conditions prior to closing, closing instructions and procedures, and RESPA
Up-to-date knowledge in Fannie/Freddie guidelines, back end quality control and fraud audit experience
Must be able to use Desktop Underwriter (DU), Loan Prospector (LP) and other LOS (loan operations systems)
Proficient with the suite of Microsoft Office products
Internet and strong written communication skills
Ability to handle multiple tasks and prioritize file loads
Work is performed in climate controlled indoor administrative office setting. The noise level in the work environment is usually quiet to moderate, depending upon office or meeting location.
While performing the duties of this job, the employee is regularly required to communicate. The employee frequently is required to remain stationary. The employee is occasionally required to stand, walk, use hands to finger, handle, or feel, reach with hands and arms, stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move 10 pounds.
Vision: Close and distance required with ability to see objects in presence of glare or bright lighting (e.g., computer screen).
Speech/Hearing: Frequently interact with management, vendors, coworkers, industry constituents, clients and the public.
Clayton a division of Covius Solutions offers an extensive benefits package for all employees, including medical, dental, vision and 401k!
Clayton a division of Covius Solutions is committed to equal opportunity in all employment practices to all qualified applicants and employees without regard to race, color, religion, gender, gender identity, age, national origin, pregnancy, disability, genetics, marital status, military or veteran status or any other protected category as established by local, state and federal law. This policy applies to all aspects of the employment relationship including recruitment and hiring, placement, promotion, transfer, compensation, disciplinary action, layoff, leaves of absence, training and termination. All such employment decisions will be made without unlawful discrimination based on any prohibited basis.
The essential functions, working conditions and physical demands described above are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.