Share Email Opening Apply Now Title Underwriter   About the Organization Founded more than 25 years ago, Indecomm blends intelligent automation with deep mortgage banking expertise to deliver groundbreaking mortgage innovations that help businesses optimize operations and achieve competitive advantage. Backed by a 1500-strong global workforce, Indecomm's automation-as-a-service approach benefits mortgage organizations, enabling them to offer better borrower experiences by streamlining middle and back-office operations. Indecomm takes an automation-first approach, partnering with large and mid-sized lenders, servicers, mortgage insurers, and title companies to create efficiencies at every phase of the mortgage lifecycle. Specifically, Indecomm products and services leverage robotics process automation (RPA), supervised automation, and machine learning to tackle the industry's most complex operational challenges.   EOE Statement We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status or any other characteristic protected by law.   Exempt/Non-Exempt Non-Exempt   Full-Time/Part-Time Full-Time   Location Remote   Description Position Title: Underwriter Classification Non-Exempt /Full-Time Location: Remote Job Description: The underwriter will review regulatory compliance with disclosures, validate data used by an automated underwriting system to decision loans, and perform a comprehensive review of the appraisal report. The underwriter will determine if the loan meets underwriting guidelines, product guidelines, investor requirements and eligibility requirements and also analyze the credit report, all necessary income and asset documentation and title report. The underwriter will update information regarding the loan transaction in the loan origination system with the appropriate status and loan conditions. In addition, the underwriter will review and clear conditions prior to closing. Must have 3 -5 years of recent frontline underwriting experience. Wholesale underwriting experience a plus. Must have excellent customer service skills. Job Duties/Responsibilities: Perform a cursory review of the loan file for compliance with Federal disclosure requirements to include the Net Tangible Benefits worksheet. Validate the data used by the AUS to make a credit decision. This includes but is not limited to: Verify all loan term obligations were considered to qualify Thoroughly analyze the credit report for all current obligations Determine any borrower SSN or address issues; address fraud alerts Analyze derogatory credit, including but not limited to collections, judgements, foreclosures, other public records to meet AUS/program guides Review detailed Fraud report Determine income used to qualify the loan was calculated correctly Including all income types with completing a self-employed analysis and/or wage earner/non-taxable income worksheet(s) Ensure assets used for the source of funds to close and for reserves are acceptable and accurate Establish that documentation required by the AUS is in the file or becomes a condition of the loan approval Perform a comprehensive review of the Purchase contracts, appraisal report and all supporting documentation. This includes but is not limited to: Verify the report was performed by a licensed/certified appraiser and meets client’s and investor/agency requirements. Determine that the property meets investor guidelines. Ascertain that the appraiser has supported his/her opinion of market value. Establish that the appraisal report is complete and free of any inconsistencies and that the property is sufficient. Evaluate the application, supporting credit, income and asset documentation, the appraisal report and the contract of sale of sale to uncover inconsistencies and potential misrepresentation in the loan file. Determine if the loan was submitted to underwriting in accordance with the program and terms registered or locked with Client’s secondary marketing department. Resubmit the loan to Client’s AUS, when validated data falls outside of AUS tolerance levels. Resubmit the loan to client’s AUS, when validated data falls outside of AUS tolerance levels. Identify loan conditions that must be cleared prior to closing and/or at closing. Enter/correct data in LOS. Data includes the status and recommended conditions for the approval. Review and clear “prior to closing” conditions that have been identified as the underwriter’s responsibility. Communicate as needed with Client’s staff and customers. Service Level Requirements: One Business- day (24 hours) Perform initial review of loan Upon receipt of assigned loan Subsequent loan review Loan pended for additional information – upon receipt of all the required documentation necessary to make a decision   One business day (24 hours) Review and clear prior-to-closing conditions Upon receipt of the conditions Rush requests will be prioritized for review same day Upon receipt of the rush request Two (2) business hours Return email inquiries and phone calls; pre-funding condition review/accuracy review Upon receipt of an email             Position Requirements Other Requirements: Quality control will be maintained at 97% or better. Be able to trouble shoot basic technology issues. Accessible from 8:00 a.m. to 5:00 PM. Local time Monday - Friday Proper Communicate required with your managers for any time off requests, delayed starts, questions on work being reviewed Underwriters to update internal systems simultaneously with client systems to provide underwriting completion dates. Complete time and attendance and code properly daily. Enter all work the same day as reviewed in the company provided tracking system Double check your production report daily for all work completed each day A minimum of 3 loans per day must be underwritten plus 6- 12 conditions to keep conditions within SLA All work in your queue must be cleared daily. High speed internet access ( this is not paid by the company) Dual monitors. Anti-virus software on system. You will be assigned a Skype number   Required Education and Experience High School diploma; college degree preferred 3-5 years of recent Underwriting experience required. Supervisory Responsibility This position has no supervisory responsibilities. Work Environment Remote – candidate should have space and ability to work professionally from home environment. Dual Monitors, laptop or desktop (must have anti-virus software), printer/scanner recommended but not required. Travel This position requires no travel.     Req Number MOR-24-00001   Close Date   Salary Range   Position Underwriter   Division Lending Solutions Group   Post Internal Days 0   Created By Pooja Nagpal   Number of Openings 0   Open Date 3/13/2024   This position is currently accepting applications. Apply Now WE ALSO RECOMMEND Other Jobs Within Same Category Diligence Auditor in Remote, Any Posted on: 4/17/2024 [Apply Now] Frontline Underwriter in Remote, Any Posted on: 4/9/2024 [Apply Now] Other Jobs Within 60 Miles Frontline Underwriter in Remote, Any Posted on: 4/9/2024 [Apply Now] Diligence Auditor in Remote, Any Posted on: 4/17/2024 [Apply Now] Follow us See who works here:

 

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