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Title

Home Loan Underwriter 

Category Home Loan Underwriting  
Description

The Home Loan Underwriter reviews loan application to determine if applicant meets specific guidelines for Investor. Establishes conditions under what criteria we will extend credit to an applicant. Interacts with Home Lenders to expedite the mortgage process. Adheres to critical dates and times of mortgage contract to deliver approved, denied, cancelled or renegotiated loan files. Reviews loans for sale to investors to assure Investor quality. Reviews post closing audits and reports to maintain our quality ratings with the agencies. Maintains compliance standards at all times and ensures quality loans meeting all investor guidelines by performing the following duties.

Duties and Responsibilities
• Responsible for consistent and accurate underwriting by 'underwriting to findings.'
• Reviews residential loan application file from Home Lenders to verify that application data is
complete and meets establishment standards, including type and amount of mortgage, borrower
assets, liabilities, and length of employment.
• Utilizes Automated Underwriting Software specific to Secondary Market investor requirements to
include LP, DO/DU, GUS, and investor specific underwriting systems (to acquire loan approval).
• Communicates with Home Lenders on status and recommendation, maintains communications with
Mortgage Loan Processing throughout process.
• Confers with Home Loan Processors and Home Loan Investor Specialist regarding specific
underwriting guidelines and loan qualification parameters.
• Requests required documentation from Home Loan Processor or Home Lender necessary to meet
secondary market guidelines and investor specific quality standards.
• Reviews Title Policy, Appraisal, and Flood Determination to assure Secondary Market and Investor
Standards and Requirements are met.
• Ensures closed loans meet agency requirements to obtain Mortgage Insurance Certificate.
• Ensures quality in underwriting file, maintains investor standards for compliance to policies and
guidelines.
• Manages timeframe for lender, vendor, customer and underwriters to facilitate loan closure and/or
financial commitment requirements.
• Prepares counter offer if initial program not suitable for borrower.
• Responsible for returning completed file to Home Loan Processor to prepare file for document
• Responsible for maintaining credit quality for investor requirement by utilizing investor standards.
• Responsible for quality control process for secondary market investors by applying secondary
market guidelines and investor standards.
• Mentors Home Loan Processing staff in the preparation of files for underwriting and secondary
market guidelines.

Education/Experience
• Four year degree from an accredited University. Five years related experience and/or training; or
equivalent combination of education and experience in underwriting secondary market products.
Software Skills
• To perform this job successfully, an individual should have proficient computer knowledge.
Licenses and Certification
• Certification from FHLB, FNMA, State VA, Rural Development and FHLMC. Direct Endorsement (DE)
designation and VA LAPP preferred.

 
Location Remote  
About the Organization At IncredibleBank, we believe in our employees, our customers, and the impact we make in our communities. When your name is Incredible, it's a lot to live up to! And we feel it.

Because of that, we continually look to raise the bar, expect more out of ourselves and each other, break out of "traditional banking," and make our mark in an industry that needs a good shake-up! It's #HowWeIncredible  
EOE Statement IncredibleBank is an Equal Opportunity Employer. We will consider applicants for our positions without regard to any category protected by applicable federal, state, or local law, including but not limited to: race, color, religion, sex, gender identity, sexual orientation, pregnancy, age, national origin, physical or mental disability, military or veteran status, genetic information, or any other protected classification.  

This position is currently not accepting applications.

To search for an open position, please go to http://IncredibleBank.appone.com



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