Mortgage Underwriter

UNMB Home Loans Inc.; Town of Hempstead (NY); On-site; USD 80,000 - 105,000; Full time

Job summary

UNMB Home Loans Inc. is seeking a Retail Mortgage Underwriter to assess residential mortgage loan files in line with investor and government guidelines.

This role requires strong attention to detail and the ability to work within NY Tri-State area deadlines. Responsibilities include underwriting applications, verifying income and assets, reviewing AUS findings, and collaborating with loan officers to resolve conditions while maintaining compliance with BSA, privacy, and CRA requirements.

Qualifications

• Bachelor's degree preferred.
• 3+ years underwriting residential mortgage experience.
• Conforming conventional experience required.
• Strong knowledge of 203K & Homestyle Loans.
• Working knowledge of Encompass.
• Strong verbal and written communication skills.
• Team player with customer service focus.
• Adherence to policies including BSA, Privacy, CRA.

Responsibilities

• Underwrite loan applications to granted credit underwriting authority.
• Analyze mortgage loan files for compliance with policies and regulations.
• Evaluate income, credit and equity for each loan.
• Provide support to Loan Officers and Relationship Managers.
• Ensure timely reviews to meet customer expectations.
• Stay up to date on investor and regulatory changes.
• Communicate outstanding requirements clearly to team.
• Review AUS findings and ensure data integrity.

Skills

Attention to detail

Communication skills

Team collaboration

Customer service

Problem solving

Education

Bachelor's degree

Tools

Encompass

Microsoft Office

Teams

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.