DE LAPP SAR Level IV Underwriter - Work Remotely

The EMAC Group; Dallas (TX); Remote; USD 70,000 - 90,000; Full time

Job summary

The EMAC Group is seeking an experienced mortgage underwriter to review applications and ensure compliance with guidelines. This role requires at least five years of experience in mortgage underwriting, including FHA DE and VA SAR designations. Exceptional judgment, decision-making, and communication skills are essential for success.

This full-time position offers the flexibility of remote work, allowing for better work-life balance while contributing to excellent service for clients and borrowers.

Qualifications

• Five+ years of experience in mortgage underwriting.
• FHA DE, VA SAR, and VA LAPP designations required.
• Full understanding of FHA, VA and conventional underwriting requirements.

Responsibilities

• Review mortgage loan applications and render decisions.
• Examine potential borrower credit and manage obligations.
• Approve or reject loan applications and document decisions.
• Complete underwriting functions in accordance with guidelines.
• Certify documentation is complete and accurate before closing.

Skills

FHA DE

VA SAR

VA LAPP

Customer service

Decision making skills

Organizational skills

Time management

Microsoft Excel

Education

Two-year college degree or specialized course

Tools

Microsoft Outlook

Financial statements

Credit reports

Tax returns

Appraisals

Job description

• Full-time

Company Description

The EMAC Group is a provider of mortgage recruiting services, we offer an extensive network of mortgage professionals and proven expertise developed over 20 years of experience identifying, attracting and recruiting mortgage talent for our clients.

Job Description

Our client is a full service mortgage lender and servicer that is NMLS licensed and operates in over 20 states. They take pride in providing great service to their borrowers!

Responsible for reviewing mortgage loan applications and rendering decisions within internal and regulatory guidelines.

Location: Remote

Responsibilities

• Determines the adequacy of income to meet expected financial obligations. Ensures potential borrower assets meet closing requirements and are derived from acceptable sources. Examines potential borrower credit and reviews the manner in which obligations have been met and managed. Investigates derogatory applicant credit.
• Review appraisals and ensure determined values are well documented, risks are appropriate and meet all guidelines of the applicable loan type. Reviews appraisal comparables. Sets conditions for property inspections if repairs are needed.
• Evaluates and assesses the collateral and capacity of mortgage loans.
• Approves or rejects loan application or requests additional information. Records loan rejection, specifying investor and company guidelines and basis for declining application.
• Completes all underwriting functions in accordance with various program requirements, company standards, and related legal and regulatory requirements. Maintains knowledge of underwriting requirements and policies, as well as investor and governmental guidelines. Stays informed of modifications and updates in software applications.
• Confirms documentation, reports and files are complete and accurate. Certifies that all lending conditions have been satisfactorily met prior to closing. Keeps management informed of area activities of any significant problems and provides suggestions for improvements in underwriting policies and procedures.
• Performs other job related duties as assigned.

Qualifications

Experience

Five+ years of experience in mortgage underwriting. FHA DE, VA SAR, and VA LAPP designations required.

Education

A two year college degree or completion of a specialized course of study at a business or trade school or completion of a specialized and extensive in‑house training or apprenticeship program.

Interpersonal Skills

Courtesy, customer service, and tact are essential elements of the job. Work involves much personal contact with others inside and/or outside the organization for purposes of giving or obtaining information, building relationships, or soliciting cooperation.

Other Skills

• Full understanding of FHA, VA and conventional underwriting requirements
• Working knowledge of financial statements, credit reports, tax returns and appraisals
• Knowledge of lending programs, policies, procedures, and standards
• Posses sound judgement
• Ability to communicate clearly and effectively, both verbally and in writing.
• Decision making/analysis skills
• Accountability and organizational skills
• Solid time management skills to set priorities and meet deadlines
• Ability to work independently, attention to detail, proficient in Microsoft Excel, Outlook and general PC applications