Des Moines, IA (Headquarters)
Remote Locations: Midwest States, Rockies, NW, Pacific NW
A client-centric mortgage company is seeking Direct Hire Mortgage Underwriters working remote anywhere in the Midwest. This position will review residential mortgage loan files according to investor guidelines.
Analyzing mortgage loan files, including the application, income and credit documentation along with collateral, to ensure compliance with company policies and adherence to FNMA, FHLMC, FHLB, or USDA policy.
Assessing the risk for each loan application for potential fraud or misrepresentations.
Ensuring the documentation is consistent and upholds to company and industry guidelines.
Contacts clients to gather information necessary to make appropriate decisions.
Provides rationale to support credit and collateral decision.
Recommend credit decisions to management on requests exceeding assigned lending authority of Conforming Loan Limits.
Uses escalation process for decisions that may not meet underwriting policies and procedures.
Updates Loan Origination System with the current status for active loans in process.
Provides support to Loan Officers and Processors regarding questions and/or clarification of loan parameters and decisioning outcomes.
Communicates effectively with client on outstanding requirements and conditions.
Meets company's policy on turn time requirement of 48 hours for review of new and resubmitted files. Underwriter will work to exceed customer’s expectations.
Researches, analyzes and responds to internal and external customer questions and concerns in order to come to an agreeable solution.
Maintains current knowledge of all guidelines, processes and systems being used.
Ensures that all fair lending compliance policies are followed.
Identify and develop underwriting policy and procedure recommendations to improve underwriting and risk management practices.
Perform other duties as assigned
At least 3 years of current front line underwriting experience
Understanding of Conventional products: FNMA, FHLMC, FHLB and USDA.
Experience with income analysis which includes exposure to reviewing personal, Partnership and Corporate tax returns.
Encompass experience a plus.
Advanced asset analysis and experience working with all asset structures.
Strong analytical skills with high attention to detail and accuracy.
Strong analytical skills including analyzing complex data.
Experience in delivering difficult (denial) decisions.
Ability to handle confidential material professionally and ethically.
Ability to make independent judgement calls based on regulatory knowledge.
Able to build and maintain professional relationships with clients, customers, and co-workers.
Time management and organizational skills to effectively prioritize multiple objectives and achieve volume goals.
Thorough understanding of underwriting policies and procedures, including investor guidelines.
Basic Microsoft Office Skills
Ability to work independently.
Ability to interact with all levels of the organization.
Excellent Verbal, Written and Interpersonal Communication Skills
Work overtime as needed.
Must be flexible to work with the needs of a production environment.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.