Underwriter

Specialty HR Consulting; Town of Florida (NY); On-site; USD 70,000 - 110,000; Full time

Job summary

Specialty HR Consulting seeks an experienced Mortgage Underwriter for our client in Miami, FL. The role validates income, assets, and collateral documents and handles a range of mortgage types including conventional, FHA, government, and USDA loans.

The position requires 5+ years of underwriting experience with strong knowledge of agency guidelines and ATR/QM requirements. The candidate should hold DE/SAR/LAPP certifications a plus and be proficient in Encompass LOS and MS Office.

Qualifications

• Bachelor’s Degree or equivalent combination of education and experience.
• Title experience required.
• 5+ years of recent Mortgage Underwriting Experience (FHA, VA and Conventional) with strong agency guideline knowledge.
• Strong working knowledge of USDA.
• DE, SAR and LAPP certifications are a plus.
• Strong working knowledge of ATR/QM Requirements.
• Encompass LOS experience is a plus.
• Ability to work in a fast paced, fluid environment and be held to minimum production standards.
• High integrity and outstanding work ethic required.
• Strong computer skills; proficient in Microsoft Word, Excel and Outlook.
• Must have proficient written and verbal communication skills.
• Knowledge of compliance and disclosure requirements.
• Knowledge of closing, post-closing & quality control responsibilities.

Responsibilities

• Reviews and analyzes individual residential mortgage loan requests to determine approval or denial.
• Reviews financial statements, credit reports, ratios, appraisals, title reports and other file documentation.
• Validates income and employment information, and value of collateral and assets.
• Reviews files to qualify for Fannie Mae, Freddie Mac, FHA, VA, and USDA guidelines.
• Evaluates information on mortgage loan documents to determine if conditions meet investor standards.
• Ensures property specifications and loan terms meet institution requirements and regulations.
• Ensures compliance with industry standards and disclosure requirements.
• Communicates loan decisions to internal lenders, coordinators and/or processors.
• Documents reasons for approval or denial in the loan file.
• Underwriter may work remotely and may be required to work from the office.

Skills

Underwriting experience

Attention to detail

Communication skills

Education

Bachelor's degree

Tools

Encompass LOS

MS Office

Job description

We are seeking an Underwriter for one of our clients located in Miami, FL. The Underwriter is responsible for validating income, asset, and collateral documents including self-employed tax returns. The Underwriter may be involved in one or several types of mortgage lending including, but not limited to, conventional, FHA, government, USDA, etc.This role is based in the Miami, FL office 5 days a week.

Duties and responsibilities

• Reviews and analyzes individual residential mortgage loan requests to determine approval or denial.
• Reviews financial statements, credit reports, ratios (i.e. Debt ratios, loan-to-value), appraisals, title reports and other relevant file documentation.
• Validates income and employment information, and value of a borrower's collateral and assets.
• Reviews submitted files to qualify for Fannie Mae, Freddie Mac, FHA, VA, and USDA (Rural Development) guidelines as per automated findings.
• Reviews and evaluates information on mortgage loan documents to determine if conditions meet established investor standards.
• Ensures that the property specifications and loan terms meet financial institution requirements and government regulations.
• Ensures compliance with industry standards, state and federal laws and disclosure requirements.
• Communicates loan decisions to internal lenders, coordinators and/or processors.
• Documents the reasons for approval or denial of the loan in the loan file.
• Underwriter will work remotely and may be required to work from the office based on company needs. Advance notice will be provided should this be the case.

Qualifications

• Bachelor’s Degree or equivalent combination of education and experience
• Title experience required
• 5+ years of recent Mortgage Underwriting Experience (FHA, VA and Conventional) with strong agency guideline knowledge
• Strong working knowledge of USDA
• DE, SAR and LAPP certifications are a plus
• Strong working knowledge of ATR/QM Requirements
• Encompass LOS experience is a plus
• Ability to work in a fast paced, fluid environment and be held to minimum production standards
• High integrity and outstanding work ethic required
• Strong computer skills; proficient in Microsoft Word, Excel and Outlook
• Must have proficient written and verbal communication skills
• Knowledge of compliance and disclosure requirements
• Knowledge of closing, post-closing & quality control responsibilities

Working conditions

This job may require frequent sitting or standing for long periods of time. This job profile is not intended to be an all-inclusive list of job duties and responsibilities, as one may perform additional related duties as assigned in order to meet the needs of the organization.

Physical requirements

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. Must be able to lift up to a minimum of twenty pounds. Primary functions require sufficient physical ability and mobility to work in an office setting; to stand or sit for prolonged periods of time; to occasionally stoop, bend, kneel, crouch, reach, and twist; to lift, carry, push, and/or pull light to moderate amounts of weight; to operate office equipment requiring repetitive hand movement and fine coordination including use of a keyboard; and to verbally communicate to exchange information. Must be able to see in the normal range of vision with or without correction, and hear in the normal audio range with or without correction.