About This Role
Underwriting mortgage loan applications is the core of this role, which involves verifying financials and making credit decisions in line with company, investor, and regulatory requirements. This position suits a detail-oriented and analytical individual with strong judgment and risk assessment skills, capable of making and communicating sound lending decisions in a timely manner.
Responsibilities
- Underwrite Non-QM and Agency loans, ensuring compliance with company and investor guidelines and meeting established loan policies, secondary market investor standards, and regulatory requirements
- Manage individual pipeline daily and maintain high productivity by completing new underwriting reviews, condition reviews, and other underwriting tasks within established turn times
- Review and analyze borrower applications, credit reports, title reports, income documentation and assets, appraisals, and complex business returns and financials to ensure creditworthiness
- Verify the accuracy and integrity of documentation to prevent fraud
- Communicate clearly and work collaboratively with Account Managers, Processor, Sales, and Closing to provide updates, clarification on outstanding conditions and deficiencies identified on loans, and to assist in interpreting underwriting guidelines
- Conduct appraisal analysis and perform VA appraisal reviews in accordance with applicable VA requirements
- Maintain familiarity with VA appraisal requirements and LAPP/SAR process
- Keep up to date with all guideline changes and system enhancements
- Perform other related duties and projects as assigned
Requirements
- Bachelor
- 3+ years of mortgage underwriting experience with non-QM, conventional, FHA, VA, or USDA lending
- Active VA Staff Appraisal Reviewer (SAR) designation/approval is required
- Prior VA LAPP/SAR underwriting and appraisal review experience is required
- Strong knowledge of mortgage lending guidelines, federal & state regulations, and compliance requirements
- Excellent analytical, problem-solving, and decision-making skills
- Strong attention to detail with the ability to manage multiple files and deadlines
- Effective written and verbal communication skills
- Ability to work independently with minimal supervision while also being a strong team player willing to provide support when needed
- Proficiency in loan origination systems (LOS) and automated underwriting systems (AUS) such as DU/LP
Nice to have:
- Degree in finance, business, economics, or a related field
- DE/LAPP experience
- BytePro LOS experience
Benefits