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Mortgage Compliance Underwriter

2 months ago

Houston, United States CU ALLIANCE, LLC Full time
Job DescriptionJob Description

We are seeking a detail-oriented Underwriter to join our team. The Underwriter will be responsible for evaluating and determining the creditworthiness of loan applications, ensuring compliance with company policies and industry regulations.

Responsibilities:

Underwriting

  • Ensure that the origination and processing of the loan have been done correctly, and according to investor and company guidelines to enable the loan to move to closing/funding
  • Review of specific loan scenarios/opinions with production staff adhering to GSE product descriptions and/or overlay requirements
  • Review loan documents with income calculations and have thorough knowledge of complex personal and /or business financials.
  • Analyze loan documentation such as credit reports, verifications of employment, pay stubs, and verifications of deposits, tax returns, bank statements, appraisals, and all other supporting documentation provided
  • Examine mitigation factors to ensure that the collateral has sufficient market value to secure the loan

Compliance, Auditing & Reporting:

· Review a sampling of real estate loans monthly for regulatory compliance

· Creating and Maintaining Policies & Procedures

· Review Fair Credit Reporting Act procedures for compliance and accuracy as pertains to Real Estate Loans.

· Review forms and disclosures for real estate loans for accuracy and compliance.

· Periodic review of disclosures, ARMS, and applications

· Conduct or assist with Fair Lending Reviews on real estate loans.

· Calculate figures and amounts, such as discounts, interest, APR, commissions, proportions, and percentages such as debt-to-income ratios to ensure MHL stays in compliance;

· Complete regulatory reporting.

· Review sampling of Adverse Action for all real estate secured loans monthly;

· Review systems for compliance and correct codes, document control and/or stated parameters;

· Prepare reports for reviews that will establish patterns and violations

· Review sampling of HMDA-LAR data in conjunction with loan review and prepare HMDA reports.

· Assist with training of staff as needed and regularly review training material for adherence to compliance regulations.

· Answer day to day questions from production department as it relates to real estate secured loans and act as a resource for researching issues, new regulatory requirements, distribution of updates, etc.

· Review company policies and procedures for completeness and compliance.

· Adjusting loan programs based on market, regulatory or CU changes.

· Work with management on maintaining the proper insurance for the company, as well as manage HEAT cases and ongoing risk management.

· Vendor review with management for new vendors.

· Perform related duties as required

If you possess these skills and are looking to join a dynamic team, we encourage you to apply for the Underwriter position.

Qualifications
- Strong underwriting skills, including data collection and risk analysis
- Proficiency in financial concepts, cash flow analysis, and financial modeling
- Experience in regulatory reporting and compliance
- Knowledge of financial services and credit analysis
- Ability to conduct equity research and negotiate effectively
- Familiarity with financial software and quantitative research techniques

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