Mortgage Underwriter

UNMB Home Loans Inc.; Levittown (NY); On-site; USD 90,000 - 105,000; Full time

Job summary

UNMB Home Loans Inc. in the New York Tri-State area seeks a Retail Mortgage Underwriter to underwrite residential loans in line with investor, government (FHA/VA) and GSE guidelines. The candidate must be located in the NY Tri-State area and will work on-site.

The role requires 3+ years of underwriting experience, knowledge of 203K & Homestyle Loans, Encompass proficiency, and DE/SAR/LAPP certifications. Salary reflects a strong compensation package and is contingent on successful background

Qualifications

• Bachelor's degree preferred.
• 3+ years underwriting residential mortgage experience.
• Must have conforming conventional experience.
• 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 including BSA, Privacy, CRA and safeguarding customer information.
• Effective oral and written communication with customers, co-workers and all levels of management.
• 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.
• DE Certification required.
• SAR/LAPP Certification required.

Responsibilities

• Underwrite loan applications to granted credit underwriting authority ensuring adherence to Company and investor credit quality standards.
• Analyze mortgage loan files, including application, income documentation, appraisal and title reports, for compliance with policies and regulations.
• Analyze loan attributes and documentation for soundness and accuracy.
• Analyze loan applications to identify risk issues and potential misrepresentation.
• Evaluate overall income, credit and equity of each loan application.
• Provide support to Loan Officers and Relationship Managers regarding questions and guidance on inquiries, loan files, and underwriting guidelines.
• Ensure timely review and follow-up steps to meet customer expectations.
• Keep up to date on investor and regulatory policies, procedures and changes affecting mortgage underwriting.
• Communicate effectively with team members and management on outstanding requirements and conditions.
• Review AUS findings and ensure data integrity of income, credit debts, assets and equity calculations.
• Review AUS and ensure required documentation is obtained as outlined in AUS and supports bullet above.

Skills

Underwriting

Regulatory knowledge

Communication

Teamwork

Documentation

Education

Bachelor's degree

Tools

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 conforming conventional experience.
• 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.

Salary: $90000 - $105000 per year