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Underwriter Remote Position - *$250 Signing Bonus 

About the Organization Indecomm is a people-oriented organization and we pride ourselves in being able to foster a work environment conducive to the career development, performance management, learning, and continuous development of all our employees. We are an organization that thrives on fairness, honesty, transparency, and courtesy, and all initiatives undertaken at Indecomm conform to these values. At Indecomm, we realize the importance of having a satisfied and motivated team, and therefore no effort is spared to ensure the welfare of our employees. The HR policies at Indecomm are designed to factor in the aspirations and desires of the employees at a personal level and take them along in tandem with the organizational objectives. We also invest heavily in our employees to equip them with the requisite skill sets, so as to enable them to excel in the context of the global services industry. Our impeccable track record of growth and high degree of customer satisfaction is largely attributed to our extremely skilled and highly motivated team of employees, committed to satisfying and surpassing client expectations.
 
EOE Statement We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, 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

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.  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 5 years of recent frontline underwriting experience. Must have excellent customer service skills. Current NMLS licensing not needed.

 
Position Requirements

Conventional Mortgage Underwriter Responsibilities

  1. Perform a cursory review of the loan file for compliance with Federal disclosure requirements to include the Net Tangible Benefits worksheet.
  2. 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
    • Determine income used to qualify the loan was calculated correctly
    • 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
  3. Perform a comprehensive review of the 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.
  4. 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.¬
  5. 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.
  6. Resubmit the loan to client's AUS, when validated data falls outside of AUS tolerance levels.
  7. Identify loan conditions that must be cleared prior to closing and/or at closing.
  8. Enter/correct data in LOS. Data includes the status and recommended conditions for the approval.
  9. Review and clear ‚Äúprior to closing‚ÄĚ conditions that have been identified as the underwriter's responsibility.¬
  10. Communicate as needed with Client's staff and customers.

Service level requirements (turn-times):

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 in 24 hours of less
Req Number MOR-16-00019  
Close Date 9/1/2016  
Salary Range  
Position NMI Non Delegated Underwriter Remote Position  
Post Internal Days 0  
Open Date 6/13/2016  

This position is currently not accepting applications.

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



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