Contract Mortgage Due Diligence Underwriter

PLACE

United States

On-site

USD 60,000 - 90,000

Full time

4 days ago

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Job summary

PLACE is seeking an experienced mortgage Due Diligence professional to review and verify loan files for accuracy, ensure compliance with investor and AUS guidelines, and assess income and repayment ability. You will analyze credits, collateral, and debt, manage multiple documents, and input results into our proprietary software.

The role requires 5+ years in underwriting (QC preferred), familiarity with Fannie/Freddie guidelines, and Non-QM processes.

Qualifications

5+ years of underwriting experience, preferably in Quality Control.
Minimum 1-year Due Diligence experience at a mortgage lending institution.
Familiarity with Fannie Mae/Freddie Mac guidelines, QM/ATR.
Proficient in Non-QM loan processes and requirements.
Solid ability to calculate income and analyze DSCR/business purpose loans.
Experience reviewing loan contracts, title commitments, and investor overlays.

Responsibilities

Review mortgage loan files to ensure accuracy and verify required documents.
Perform due diligence review to meet investor/product guidelines and AUS requirements.
Analyze borrower's credit, collateral, and income to assess repayment ability.
Analyze loan-to-value ratios and debt.
Review purchase contracts, title commitments, and other loan documents.
Enter results into the company’s proprietary software.
Conduct risk analysis and propose resolutions for deficiencies.
Stay current on agency, state, and investor guidelines.
Participate in ongoing training and meet production goals.
Address QA feedback and comply with audit standards.
Other duties as assigned by manager.