Mortgage Loan Underwriter

Job Summary:The Underwriter evaluates and verifies the data contained in loan files to ensure that it will meet the requirements necessary to sell the loan. The Underwriter must have knowledge of loan programs available to prospective customers and the regulations involving mortgage. Additionally, the incumbent must be able to analyze loan applications to ensure the loan file conforms to the credit and property guidelines of the agencies, all federal agencies, private mortgage insurers and the investors. Responsibilities: Underwrites mortgage files by:Evaluating creditworthiness of borrows. This includes but is not limited to the review of financial statements, tax returns, asset statements, bank account statements, etc. Investigates and documents large deposits and other anomalies in the credit file that may not have been documented by the Loan Officer. Reviews appraisals to ensure appraisers used proper guidelines. Underwrites reviews and recommends approvals or denials for government loans that could include FHA, VA, RHS and PHFA and non-conforming products. Issue loan conditions and required documentation to meet agency and regulatory requirements. Assist loan production associates and/or processors with questions about various loan scenarios, documentation and guideline requirements. Provides and promotes exceptional customer service, internally and externally. Requirements: Maintains a working knowledge of all current investor guidelines for non-conforming products to ensure loans meet the requirements of the secondary market investor. Access and maintain a working knowledge of investor and agency guidelines. Ability to use systems and software programs needed to conduct daily business.