Underwriter

Change Wholesale; United States; On-site; USD 70,000 - 90,000; Full time

Job summary

Change Wholesale is seeking an Underwriter to analyze consumer home loan applications following company policies and investor guidelines. You will play a crucial role in assessing borrower creditworthiness and resolving potential issues during the underwriting process.

The ideal candidate will have over 3 years of experience in Wholesale Mortgage Underwriting and be proficient in Encompass 360. A strong focus on compliance and collaboration is essential for success in this role.

Qualifications

• 3+ years of relevant experience in Wholesale Mortgage Underwriting.
• Knowledge of Non-Qualified Mortgages (Non-QM) preferred.
• Experience with DU and LP is a plus.

Responsibilities

• Analyze and evaluate home loan applications for creditworthiness.
• Identify risk factors and clear inconsistencies in loan files.
• Communicate with broker clients to resolve issues.

Skills

Wholesale Mortgage Underwriting

Credit Analysis

Pipeline Management

Customer Service

Tools

Encompass 360

Job description

The Underwriter will underwrite loans in accordance with Company and Investor guidelines following company’s policies and procedures under general supervision. Responsible for analyzing and evaluating consumer home loan applications as well as the supporting documentation to assess borrower’s creditworthiness. Makes sound underwriting decisions that meet legal and policy requirements. Perform all duties in accordance with the company’s policies and procedures, all US state and federal laws and regulations, wherein the company operates.

• Complete analysis of credit, income, property and verify consistency of loan file information.
• Identify risk factors within each loan and utilizes resources, tools, and documentation to detect red flags and clear inconsistencies.
• Review and clear underwriting conditions, stipulations or pre-funding requirements received.
• Communicate with Broker Clients, Sales and Operations teams to resolve issues as they arise.
• Resolve and respond to any post-closing and/or audit deficiencies with Quality Assurance and Management received from investors and auditors when required on loans underwritten.
• Maintains ongoing knowledge of investor guidelines and updates as applicable to position.
• Responsible for pipeline management to adhere to turn times and compliance requirements.
• Work closely with processing staff to clear loan conditions throughout the loan process.
• Assist in training Junior Underwriter staff.
• Other duties as assigned.

What Skills & Requirements You’ll Need

• Relevant prior experience in Wholesale Mortgage Underwriting and Credit for 3+ years.
• Non-Qualified Mortgage (Non-QM) knowledge strongly preferred.
• DU and LP experience preferred.

Core Skills/Knowledge

• Ability to comprehend and apply guidelines.
• Ability to manage pipeline to ensure SLAs are met for initial underwrites, conditions, and final condition reviews.
• Ability to work effectively in a fast-paced environment.
• Current experience working in Encompass 360
• Must be able to demonstrate Encompass experience during interview process.
• Self-motivated with an ability to work independently and in a team environment.
• Organized, analytical and detail oriented.
• Ability to prioritize workload while meeting deadlines.
• Ability to communicate to peers as well as external parties effectively in writing and verbally.
• Ability to maintain the highest level of confidentiality.
• Excellent customer service skills. Ability to clearly explain a credit decision and/or condition to stakeholders.

Physical Demands and Work Environment

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential job functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions. While performing the duties of this job, the employee is regularly required to: communicate and accurately exchange information with clients at normal speaking levels; remain standing for sustained periods of time; use hands to finger, grasp, or feel; reach by extending hand(s) and arm(s) in any direction; have visual acuity to view a laptop, determine the accuracy, neatness, and thoroughness of the work assigned. Working conditions are generally moderate and in an office environment.

Note

This job description is meant to describe the general nature and level of work being performed; it is not intended to be an exhaustive list of all responsibilities, duties, and skills required for the position. While this is intended to be an accurate reflection of the current job, the Company reserves the right to revise the job or to require that other or different tasks, duties, and responsibilities be performed as assigned, or to otherwise change this job description at any time with or without notice.

The company is an Equal Opportunity Employer, drug free workplace, and complies with ADA and State regulations as applicable.