Senior Underwriter

Senior Underwriter (Live Underwriting) US Mortgage

Position Overview:

Shared Services function leverages the ‘shared’ delivery model to provide operations delivery to Business Unites across the organization. The goal of the Shared Services division is to provide central operations solutions to Business Units across the Commercial and Residential Mortgages vertical.

The Due Diligence underwriting team provides solutions for various service offerings under a single platform (seasoned compliance, credit, credit & compliance, title, collection comments, pay history, data, forensic, consumer, etc.). However, generally, activities will include (i) the identification of the proper documentation for data capture, (ii) the capture of such information in the system (iii) running embedded rules and logic against such information, and (iv) clearing validations and/or applying exceptions that may be appropriate for the item in question.

DUTIES AND RESPONSIBILITIES:

• Review and verify loan applications and support documentation.
• Analyse loan risk and request additional information as necessary.
• Ensure compliance with regulatory standards.
• Ensure compliance with company policies and guidelines.
• Determine and document loan conditions, communicate requirements, and/or decisions.
• Identify portfolio risks resulting from the client's underlying business practices.
• Document and effectively communicate reasons for the approval/rejection of loans.
• Such other activities as may be assigned by your manager.

SKILL SETS REQUIRED:

• Demonstrated understanding of mortgage guidelines and policies for VA, FHA, FNMA, FHLMC & USDA
• Analysis and Calculation of qualifying income from various tax documents such as 1040s, Schedule E, 1065, 1120, 1120S, K1, transcripts, etc.
• Analysis of Credit Reports and Bank Statements
• Experience with both AUS and manual underwriting methods including DU and LP.
• Working knowledge of running and reviewing third party loan-level Fraud Reports (Fraud Guard, Fraud Manager or DRIVE) would be preferred.
• Experience of working on Non-QM loans (Jumbo and Bank Statement Programs) in addition to AUS loans would be preferred.
• Working knowledge of industry recognized LOS such as Encompass, BytePro, Calyx, Empower or Lending QB.

QUALIFICATIONS/ REQUIREMENTS:

• 5+ years of recent US Mortgage underwriting front-line experience compliance review/ Disclosures Preparation/ Closing/ Doc Preparation and/or due diligence (post-close) experience in the residential mortgage industry
• Knowledge and familiarity with current mortgage policies/procedures, compliance laws and regulations—including TRID—and understanding of mortgage regulatory changes
• High producer with attention to quality
• Strong commitment to customer service and satisfaction
• Excellent time management skills
• Ability to work independently and to carry out assignments to completion within parameters of instructions given, prescribed routines, and standard accepted practices
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• Detail oriented, with superior verbal and written communication skills
• Strong PC skills, with demonstrated proficiency with Microsoft Office
• Must be able to work under pressure and meet deadlines, while maintaining a positive attitude and providing exemplary customer service