Underwriter

Blackmountaincapital; Connecticut; On-site; USD 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a motivated Underwriter to join their dynamic team. This role offers a unique opportunity to thrive in a high production environment where you will evaluate loan applications, process loans, and ensure compliance with federal and state regulations. You will work closely with Loan Officers and borrowers, providing exceptional service while managing a variety of tasks. With a focus on maximizing income through a competitive base salary and performance bonuses, this position is ideal for individuals who are detail-oriented and self-reliant. Join a company with over 25 years of experience in Real Estate and Private Mortgage Banking, where your contributions will make a significant impact.

Benefits

401(k) Retirement

Qualifications

• Minimum of 2 years of mortgage loan processing experience required.
• Excellent attention to detail and multi-tasking ability is essential.

Responsibilities

• Evaluate loan applications to ensure all data is complete and meets standards.
• Process loans from set-up to closing while maintaining compliance.
• Provide excellent customer service to borrowers and Loan Officers.

Skills

Attention to detail

Multi-tasking

Self-motivation

Job description

Base Salary + Production Bonus + Benefits

Full Time

Job Description

We are seeking an Underwriter who is bright, motivated, seeks to maximize their income, and thrives in a high production environment.

Responsibilities:

1. Evaluates loan application files to verify that all data is complete and meets standards, prior to submission to underwriting.
2. Process loans from set-up to closing by verifying, compiling, and entering borrower information into loan processing systems.
3. Interact with Loan Officers to obtain information from the borrowers or to seek clarification about documents in the loan files.
4. Works with Loan Officers to determine product suitability and communicates changes to Loan Officer.
5. Order, verify, and analyze loan documentation, including income, credit, appraisal, title, and verification while maintaining strict compliance with all applicable federal and state regulations.
6. Record data to track the status of loans in processing.
7. Inform management of discrepancies in files.
8. Contact borrowers or Loan Officers to collect required documentation and be a liaison between origination staff, underwriters, and borrowers.
9. Submit loan application files to underwriting for approval, and create and email approval or denial letters to applicants.
10. Submit approved mortgage loan files to closing for settlement.
11. Compiles financial and other needed data to complete the loan file.
12. Obtains documentation needed to clear conditions, if required.
13. Prioritizes workflow so loans close on time.
14. Communicates with the title companies, AMCs, attorneys, and other parties as required.
15. Provides excellent customer service to borrowers, Loan Officers, vendors, and other interested parties.
16. Directs client to Loan Officer or other licensed employee to clarify and/or answer any questions.
17. Records data on the status of loans, including the number of new applications and loans, approved, canceled, or denied.

Qualifications:

1. Minimum of 2 years of mortgage loan processing experience.
2. Excellent attention to detail and multi-tasking ability.
3. Must be a self-motivated and self-reliant person.

Job Type:

Full-time

Compensation:

Base Salary + Performance Bonus + Benefits.

• 401(k) Retirement

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Black Mountain Capital has over 25 years of Real Estate & Private Mortgage Banking Experience.