Underwriter

American Bancshares Mortgage, LLC; Town of Florida (NY); On-site; USD 70,000 - 90,000; Full time

Job summary

A mortgage lending company seeks an experienced Underwriter in New York, responsible for reviewing mortgage loan requests to determine approval or denial. You must have 5+ years of underwriting experience and knowledge of FHA, VA, and conventional lending guidelines. The role involves validating income and asset information as well as ensuring compliance with industry standards. This position offers remote work options with potential office requirements based on company needs.

Qualifications

• 5+ years of recent Mortgage Underwriting Experience (FHA, VA and Conventional) with strong agency guideline knowledge.
• DE, SAR and LAPP certifications are a plus.
• Knowledge of compliance and disclosure requirements.

Responsibilities

• Reviews and analyzes individual residential mortgage loan requests to determine approval or denial.
• Validates income, employment, collateral, and asset information.
• Ensures compliance with industry standards, state and federal laws.

Skills

Mortgage Underwriting Experience

Knowledge of USDA

Proficient in Microsoft Word

Proficient in Microsoft Excel

Proficient in Microsoft Outlook

Written Communication Skills

Verbal Communication Skills

Education

Bachelor’s Degree or equivalent

Tools

Encompass LOS

Job description

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.

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.

Requirements

Qualifications

• Bachelor’s Degree or equivalent combination of education and experience
• 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.?

Vision: See in the normal visual range with or without correction.?

Hearing: Hear in the normal audio range with or without correction.