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HR Recruiter at People Smart Solution
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Underwriter - Mortgage Loans (3-5 yrs)
- Completes a thorough analysis of loan files to determine compliance with company, investor, and FHA/VA guidelines.
- Develop and maintain knowledge of multiple loan product guidelines for quick and accurate answers
- Accurately calculate borrower's income and debt-to-income ratios.
- Analyzes credit, income, tax returns, assets and appraisals; determine the borrower's credit worthiness and ability to repay the loan as agreed for the terms requested
- Mitigates bank risk by conducting a thorough and prudent review of each loan file; dispositions loans within bank issued underwriting authority limit
- Evaluates the entire credit package and collateral for residential mortgage loans and ultimately ensures an - investment- quality loan product.
- Checks accuracy of all calculations and data integrity. - Completion of all required underwriting worksheets
- Assists with the training of new underwriters. - Recommends the loan disposition to underwriting manager for loan amounts in excess of authority limitation.
- Maintains company standard for productivity level and complies with company policy of 48 hour underwriting turnaround time and 24 hour turnaround time for clearing conditions.
- Strives to meet 4 decisions/day within allotted time - Communicates decision on loans to appropriate parties both verbally and in writing.
- Maintains underwriting activity logs and provides monthly underwriting report to underwriting manager.
- Available to processors and correspondents for general guideline interpretations and questions on specific loan files.
- Responds to post closing reviews and audits in a timely fashion.
- Performs related duties, as directed by Underwriting or Operations Manager.
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