Mortgage Underwriter

UNMB Home Loans Inc.; Levittown (NY); On-site; USD 70,000 - 100,000; Full time

Job summary

A reputable mortgage company is seeking a Retail Mortgage Underwriter to evaluate residential loan applications in compliance with federal regulations and company policies. The successful candidate will have a strong background in underwriting within the New York market and hold essential certifications such as DE and SAR/LAPP. This role demands excellent communication and analytical skills as well as the ability to work collaboratively in a fast-paced environment.

Qualifications

• 3+ years underwriting residential mortgage experience.
• Must have recent experience in New York City.
• Strong knowledge of 203K & Homestyle Loans.

Responsibilities

• Underwrite loan applications ensuring adherence to credit standards.
• Analyze mortgage files for compliance with regulations.
• Provide support to Loan Officers on underwriting guidelines.

Skills

Communication

Customer Service

Risk Analysis

Team Collaboration

Problem Solving

Education

Bachelor's degree

DE Certification

SAR/LAPP Certification

Tools

Microsoft Office Suite

Encompass

Job description

SUMMARY: The Retail Mortgage Underwriter will underwrite residential mortgage loans in accordance with Secondary Market, Investor and Government (FHA/VA) and GSE underwriting guidelines. The successful candidate must be located in the NY Tri-State area,

DUTIES AND RESPONSIBILITIES:

The following reflects management's definition of essential functions for this job but does not restrict the tasks that may be assigned. Management may assign or reassign duties and responsibilities to this job at any time due to reasonable accommodation or other reasons.

• Underwrite loan applications to granted credit underwriting authority ensuring adherence to Company and investor credit quality standards.
• Analyze mortgage loan files, which includes customer's application, income documentation, appraisal and title reports, to ensure compliance with the company's policies, as well as state and federal regulations.
• Analyze loan attributes and documentation for soundness and accuracy.
• Analyze loan applications to identify any risk issues and/or potential misrepresentation.
• Evaluate overall income, credit and equity of each loan application.
• Provide support to Loan Officers and Relationship Managers regarding questions and/or clarification of inquiries, loan files, and underwriting guidelines.
• Ensure timely review and follow-up steps in order to meet and exceed customer's expectations.
• Keep up to date on investor and regulatory policies, procedures and changes that affect mortgage underwriting.
• Effectively Communicate with, team members and management on outstanding requirements and conditions
• Review all AUS findings and ensure data integrity of income, credit debts, assets and equity calculations and adherence to guidelines.
• Review AUS and ensure of required documentation is obtain as outlined in AUS and supports bullet point above.

QUALIFICATIONS:

To perform this job successfully an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and or ability required.

• Bachelor's degree preferred.
• 3 + years underwriting residential mortgage experience.
• Must have recent experience lending in New York City and surrounding areas.
• Must have conforming conventional experience.
• Must hold and maintain approvals for: DE, VA SARs, and LAPP loans.
• Must be very familiar with all rental guidelines, multifamily, Cooperatives, and CEMA's.
• Must have strong knowledge of 203K & Homestyle Loans.
• Working knowledge of Encompass.
• Strong verbal and written communication skills.
• Team player with a strong commitment to customer service.
• Adherence to established policies and procedures pertinent to the position which include but are not limited to BSA, Privacy, CRA and Safeguarding Customer Information.
• Effective oral and written communication with customers, co-workers and all levels of management. Excellent interpersonal and organizational skills.
• Ability to work well with co-workers and all levels of management.
• Skills to identify and resolve problems in a timely manner by gathering and analyzing information.
• Capable of working under pressure and meeting deadlines.
• Computer literate experienced with Microsoft Office Suite & Teams.
• DE Certification required.
• SAR/LAPP Certification required.

All offers are contingent on the successful completion of criminal background check.