Position Job Title:		Underwriter
	Location:		Field
	Position Reports to (Title):		Director, Client Services
	FSLA and Classification:		Non-Exempt
	Hours/Shift:		Flexible

II. Position Summary

Responsible for underwriting, due diligence, portfolio analysis and compliance review projects.

III. Primary Duties

• Review mortgage credit packages to determine if applicable guidelines were followed in verifying and calculating borrower income, credit worthiness, property value and clear title.
• Review regulatory compliance related documents to ensure conformity with federal, state and local regulations.
• Recalculate debt-to-income ratios to ensure program parameters are met.
• Review and analyze credit report and other documentation for mortgage and other credit history.
• Review Appraisal forms and related documents to determine collateral meets acceptable investor standards.
• Review title documents.
• Review disclosures and closing documents including: loan product parameters, as expressed on notes and riders, TIL disclosures and components. HUD-1 Settlement Statement including typical finance and non-finance related fees.
• Perform duties and maintain regular communications with Transaction Manager concerning assigned project.
• Troubleshoot problems with Quality Control Manager and Transaction Manager assigned to manage the job.

 

IV. Qualifications/Required Skills

  

 

Skills

• Knowledge of general underwriting practices and procedures.
• Ability to adapt to a quick changing environment.
• Exhibit a strong work ethic and commitment to the achieving required results.

Experience   

 

4 years residential mortgage underwriting experience.

2 years underwriting alternative product loans.

Education

Associates Degree preferred.

 

Equipment or Technology Requirements

Working knowledge of Microsoft Office and Windows Applications.

Ability to quickly learn computer software.

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