Underwriter

Triad Financial Services, Inc.; Bourbonnais (IL); On-site; USD 50,000 - 70,000; Full time

Job summary

Triad Financial Services, Inc. in Bourbonnais, Illinois is seeking an experienced Underwriter to play a key role in our mortgage lending team. You will be responsible for evaluating and underwriting mortgage loan applications to ensure adherence to company policies and regulatory guidelines.

The ideal candidate should have a minimum of two years of experience in the mortgage industry, strong problem-solving abilities, and excellent communication skills. Join us to contribute to our loan origination process and ensure customer satisfaction.

Qualifications

• Minimum two years of experience in the mortgage industry.
• Strong work ethic with the ability to multitask effectively.
• Excellent verbal and written communication skills.

Responsibilities

• Review and analyze mortgage loan applications and documentation.
• Evaluate borrowers' financial profiles to determine loan approval.
• Ensure compliance with regulatory requirements throughout underwriting.

Skills

Mortgage underwriting

Attention to detail

Communication skills

Problem-solving

Multi-tasking

Tools

Encompass

Microsoft Office suite

Job description

As an Underwriter, you will play a critical role in our mortgage lending team, responsible for evaluating and underwriting mortgage loan applications to ensure adherence to company policies, regulatory guidelines, and investor requirements. With a focus on accuracy, quality, and customer service, you will assess borrowers' financial profiles, property information, and loan documentation to make informed lending decisions. Your expertise in underwriting will contribute to the success of our loan origination process and the satisfaction of our borrowers.

Key Responsibilities

• Review and analyze mortgage loan applications, credit reports, income documentation, and property appraisals to assess borrower eligibility and loan risk.
• Evaluate borrowers' financial profiles, including debt-to-income ratio, credit history, and employment stability, to determine loan approval or denial.
• Ensure compliance with company policies, regulatory requirements (such as TILA, RESPA, and Fair Lending), and investor guidelines throughout the underwriting process.
• Communicate lending decisions to Loan Originators, borrowers, and other stakeholders in a clear and timely manner, providing explanations for any conditions or stipulations.
• Collaborate with Loan Processors, Loan Originators, and other team members to resolve issues, address conditions, and facilitate loan closings.
• Maintain a high level of accuracy and attention to detail in underwriting documentation and loan files, ensuring completeness and consistency.
• Provide exceptional customer service by responding to borrower inquiries, providing status updates, and guiding them through the underwriting process with professionalism and empathy.
• Stay informed about industry trends, regulatory changes, and best practices in mortgage underwriting to continuously improve knowledge and skills.
• Cultivate and nurture client relationships while delivering exceptional customer service.

Minimum Qualifications

• Prefer a minimum of two years of experience in the mortgage industry
• Familiarity with Encompass software is advantageous.
• Knowledge of the Manufactured Home Industry is a desirable asset.
• Demonstrated ability to multitask effectively.
• Exhibit a strong work ethic.
• Proficient in Microsoft Office suite.
• Possess strong problem-solving abilities.
• Attention to detail and accuracy in tasks.
• Excellent verbal and written communication skills.
• Capability to work both independently and collaboratively in a team environment.