Conventional SASE Level 6 and 7 underwriters currently support a very high risk and complex segment of mortgage underwriting and analysis. Primarily in the $1mm+ loan amounts, many of these transactions require in depth individual and corporate tax return analysis for self-employed applicants and/or executives with layered ownership interests in multiple companies and or entities. Asset review oftentimes is equally complex due to higher net worth borrowers with multiple sources and percentages of liquidity including cash, vested stock shares, unvested restricted stock, multiple retirement vehicles and equity ownership interests that must be utilized for qualifying purposes using different qualifying guideline parameters. Currently the requirements to be approved for this level of certification are the most stringent: Greater than five (5) years manual underwriting experience, including signing on loans greater than $2.0M and making business decisions.
This position is subject to SAFE Act registration requirements. Pursuant to the SAFE Act requirements, all employees engaged in residential loan mortgage originations must register with the federal registry system and remain in good standing. Since your position requires SAFE Act registration, you will be required to register and to submit to the required SAFE Act background check and registration process. Failure to obtain and/or maintain SAFE Act registration may result in your immediate termination.
Mon-Fri 8-5, Rotational Saturday’s as needed, as well as OT when needed
5+ years of mortgage underwriting experience, including Non-Conforming and signing on loans greater than $2M, review of credit reports for accuracy and red flags, appraisal review, calculation of DTI, income, assets and LTV/CLTV and other complex financial documents (i.e. Tax Returns)
Proven ability to perform quality work while maintaining productivity and compliance standards.
Proven negotiation and communication skills with both fulfillment teammates, sales partners and customers.
Knowledge of conventional and/or government guidelines, federal lending regulations governing real estate lending. Strong written and verbal communication skills. Teamwork and customer service skills are a MUST. Self-motivated and highly organized. Ability to prioritize multiple competing tasks. Flexibility to work extended hours during heavy workload periods. Must show strong capacity to address credit related issues and points of risk to ensure that underwriting meets quality assurance standards.
• Familiarity with secondary market requirements.
• Strong analytical skills
•Strong oral and written communication skills
•Excellent interpersonal skills
•Excellent problem solving skills and willing to coach.
•Thorough understanding of credit In-depth understanding of Credit.
•Ability to review complex financial documents
•Exposure to high net worth customers
•Ability to assess an individual’s creditworthiness while adhering to all regulatory and compliance requirements
•Ability to make credit recommendations
•Commitment to teamwork
•Ability to meet and exceed production, quality and service standards along with providing direct coaching and feedback to ensure quality
•Ability to work in a fast-paced, high volume environment, while practicing sound lending judgment
•Attention to detail
•Secondary Market Product Knowledge
Posting Date: 07/11/2017
Language: Language --
Full / Part-time: Full time
Hours Per Week: 40
Shift: 1st shift