Project Review Underwriter

Freedom Mortgage; Moorestown Township (NJ); Remote; USD 60,000 - 80,000; Full time

Job summary

A leading mortgage company is looking for a Project Review Underwriter to review documentation for condominium and cooperative projects for compliance with internal and external guidelines. This remote position requires strong knowledge of mortgage credit policies and excellent communication skills. Ideal candidates will have a background in mortgage underwriting and experience in customer service.

Qualifications

• 3 to 5 years of experience in mortgage credit guidelines and policies.
• Familiarity with FNMA & Freddie Mac condo and coop underwriting guidelines.
• Ability to differentiate between new and established projects.

Responsibilities

• Review condominium and cooperatives projects for compliance.
• Determine project eligibility based on various documents.
• Communicate project statuses to relevant parties.

Skills

Mortgage credit guidelines knowledge

Communication skills

Customer service

Pipeline management

Detail-oriented

Education

High School Diploma

Bachelor’s Degree (B.A.)

Tools

Microsoft Office suite

Job description

Overview

Freedom Mortgage — Moorestown, New Jersey, United States of America

Department: Risk Management

Location: Remote • Full time

Summary

The Project Review Underwriter is responsible for reviewing documentation in detail for all new and existing condominium and cooperative projects to ensure compliance with internal policies and procedures as well as the requirements of Fannie Mae and Freddie Mac credit policies.

Responsibilities

• Ensure condominiums and cooperatives projects are reviewed accurately and promptly.
• Ensure condominiums and cooperatives meet Fannie Mae guidelines.
• Determine eligibility of a project by review of Project Questionnaire, Appraisals, Budgets and financial statements/1120S, Bylaws, Covenants, Conditions & Restrictions (CC&Rs), Insurance Declarations, Leasehold Agreements, and Offering Plans & Amendments.
• Communicate project status (approval, suspense, denial) to all appropriate parties.
• Act as primary contact for HOA, Management Agents, Developers, Sponsors, and coop boards to obtain any additional information.
• Maintain internal database and ensure data accuracy.
• Deliver excellent customer service to Sales and Operations staff.
• Work closely with operations to expedite review and approval of condo and coop projects according to FMC policy; provide coaching and problem resolution to the operations staff on condo and coop requirements.
• Complete other miscellaneous credit-related duties as assigned by the Project Review Desk Manager.
• Maintain regular and punctual attendance.

Essential Duties and Responsibilities

• Demonstrate mastery of condo and co-op requirements.
• Communicate clearly and concisely with internal and external contacts.
• Respond to elevated items quickly and work with Managers to expedite resolution.
• Collaborate with operations to resolve problems and questions in a timely manner.
• Provide timely reports as needed or requested.
• Adhere to service level agreements while working in a high-volume environment.
• Teamwork-oriented, detail-focused, and excellent customer service.
• Pipeline Management experience required.
• Residential Mortgage Credit Underwriting experience a plus.
• Proficient with Microsoft Office suite.
• Performs other related duties as assigned.

Other Related Duties

Performs other related duties as assigned.

Supervisory Responsibilities

No supervisory responsibilities.

Qualifications

• Three to five years of related mortgage credit guidelines, policies, and procedures.
• Knowledge of FNMA & Freddie Mac condo and coop underwriting guidelines.
• Knowledge of Investor and MI company guidelines.
• Ability to differentiate between new and established projects.
• Knowledge of Fannie Mae CPM and All Regs.

Education

• High School Diploma required
• Bachelor’s Degree (B.A.) preferred

Language Skills

Individual must have the ability to read and interpret borrower documentation, company policies, procedures, guidelines, reports and legal documents.

Mathematical Skills

Candidate must be able to use a calculator and perform basic math operations, including rate, ratio, and percent.

Reasoning Ability

Individual must have the ability to define problems, collect pertinent information, determine the facts, and draw valid conclusions.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The role frequently requires sitting and talking or listening; occasional standing, walking, using hands to finger, handle, or feel; and reaching with hands and arms.

Work Environment

The work environment is typically moderate in noise level. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Equal Employment Opportunity

Freedom Mortgage is committed to providing equal employment opportunities to all employees and applicants without regard to race, ethnicity, color, sex, marital status, sexual orientation, gender identity or expression, pregnancy, religion, national origin, age (40 and over), disability, military status, genetic information or any other basis protected by applicable federal, state, or local laws.

Americans with Disabilities Act

Applicants as well as employees who are or become disabled must be able to satisfactorily perform the essential job functions of the position either with or without reasonable accommodation. Applicants as well as employees are encouraged to meet with Human Resources as the organization shall review reasonable accommodations on a case-by-case basis in accordance with applicable law.