Underwriter III, Specialty Loans

2 months ago

Baltimore, United States Guild Mortgage Full time
Guild Mortgage Company, closing loans and opening doors since 1960. As a mortgage banking firm we are dedicated to serving the home owner/buyer. Our goal is to provide affordable home financing for our customers, utilizing the best terms available while providing a level of professionalism and service unsurpassed in the lending industry.

Position Summary

The Underwriter III plays an important role in the organization by performing a number of activities related to the company's retail operations functions. The role is primarily responsible, under intermittent to infrequent supervision, for underwriting specialty loans such as jumbo and renovation as well as conventional, FHA, VA, USDA, new construction, and condominium project loans according to company, secondary market investor, and government agency standards. This includes ensuring all tax, title, insurance, and closing documentation associated with the loan applications are accurate and complete, and approving or denying loan applications based on compliance with underwriting standards and risk management factors. The Underwriter III is considered the "go to" subject matter expert when the Lead/Supervisor/Manager is not available.

Essential Functions

  • Review and evaluate loan documents to ensure accuracy, completeness, and compliance with company standards, federal and agency standards and guidelines, as well as any applicable state-specific and or local regulations, ordinances, etc.
  • Analyze customer's loan-to-value ratio, debt-to-income ratio, credit report, application, income and assets, source(s) of down payment funds, and supporting documentation to identify potential fraud or misrepresentation.
  • Review appraisals to ensure that loans meet secondary market, investor, and company standards.
  • Work with Loan Processors and Loan Officers on collecting information and documentation necessary to finalize incomplete loan packages.
  • Determine if additional documentation or information would aid loan decision; request additional documentation or information accordingly.
  • Provide options and recommendations to borrowers regarding suitable loan programs.
  • Stay abreast of current regulations and industry trends that affect compliance and decision-making.
  • Verify that system input is accurate and that company systems match Automated Underwriting System (AUS).
  • Use expertise to answer questions and resolve escalated issues from junior-level teammates.
  • Perform other duties as assigned.
Qualifications
  • High school diploma or equivalent required; college courses/technical training related to Business, Finance/Accounting, Legal, or related field is preferred
  • Total recent work experience that includes eight or more years as an underwriter preferably with three years of specialty experience such as jumbo and renovation loans.
  • Direct Endorsement (DE) certification required; must have current certification(s) for any assigned region with state-specific requirements to originate/supervise loans, along with endorsements including Direct, VA, Auto and SAR.
  • Expert-level knowledge of overall mortgage lending processes, including underwriting, funding, and loan processing.
  • Expert-level knowledge of valid documentation related to the processing consumer mortgage applications (e.g., tax returns, financial statements and records, verification of income and deposits, etc.).
  • Expert-level knowledge of underwriting and regulatory requirements; detailed knowledge of federal, state, and regulatory requirements/guidelines related to consumer mortgage lending and internal processes and controls.
  • Ability to think critically, including the ability to evaluate facts and data to draw conclusions, and determine the downstream impact of decisions and associated risks.
  • Ability to prioritize multiple tasks in a deadline-driven environment; strong sense of urgency and responsiveness.
  • Intermediate math skills.
  • Strong verbal and written communication skills.
  • Strong detail orientation and highly organized.
  • Prior experience using internal data entry systems, Microsoft Word, Excel and PDF/Document Retention programs.
Supervision
  • Intermittent to infrequent supervision required, depending on experience
  • Moderate to high levels of independent judgment and discretion required; resolves escalated issues of high complexity
  • May provide guidance to less experienced teammates
Requirements
  • Physical: Work is primarily sedentary; occasionally walks and/or stands.
  • Manual Dexterity: Frequent use of computer keyboard and mouse.
  • Audio/Visual: Ability to accurately interpret sounds and associated meanings at a volume consistent with interpersonal conversation. Regularly required to accurately perceive, distinguish and interpret information received visually and through audio; e.g., words, numbers and other data broadcasted aloud/viewed on a screen, as well as print and other media.
  • Environmental: Office environment - no substantial exposure to adverse environmental conditions.


Guild offers a pleasant work environment, competitive compensation and excellent benefits package; including medical, dental, vision, life insurance, AD&D, LTD and 401(k) with employer match.

Guild Mortgage Company is an Equal Opportunity Employer.

This position offers eligibility for incentive compensation.

Compensation at Guild is influenced by a wide array of factors including but not limited to local and federal minimum wage requirements, education, level of experience, and applicant's geographical location.

  • Loan Underwriter

    3 weeks ago

    Baltimore, United States FORT POINT LLC Full time $28 - $31

    Job DescriptionJob DescriptionLOAN UNDERWRITINGWork with a leader in the financial services industry! Seeking an individual with loan underwriting, credit review and borrowers assistance expertise. This is an opportunity to work with a talented team that loves what they do; work/life balance; opportunity to work remote/hybrid.Selected individual will be...

  • loan underwriter

    2 weeks ago

    Baltimore, United States Collabera Full time

    Description Home Search Jobs Job Description loan underwriter Contract: Baltimore, Maryland, US Salary: $30.00 Per Hour Job Code: 353136 End Date: 2024-09-22 Days Left: 27 days, 3 hours left Apply Qualifications: 3-5+ years of experience in consumer loan underwriting. Experience in lending/financial institutions with borrower's assistance is desired....

  • Consumer Loan Underwriting

    2 months ago

    Baltimore, United States Global Channel Management Full time

    About the job Consumer Loan Underwriting Consumer Loan Underwriting needs 3-5+ years in consumer loan underwriting Snr Customer Service Representative requires: 3-5+ years in consumer loan underwriting Previous credit review experience a plus Ability to perform in a high volume work environment, must have good problem -solving skills, analytical skills,...

  • Consumer Loan Underwriter

    2 weeks ago

    Baltimore, United States Motion Recruitment Full time

    Our client, a leader in financial services is hiring a Consumer Loan Underwriter Analyst to join their team in Baltimore, MD! This is a 3-month W2 contract with benefits As the Consumer Loan Underwriter Analyst, you will be responsible for reviewing submissions for select Borrowers Assistance program approvals and processing, such as deferments, and loan...

  • Consumer Loan Underwriter

    3 weeks ago

    Baltimore, United States Motion Recruitment Full time

    Our client, a leader in financial services is hiring a Consumer Loan Underwriter Analyst to join their team in Baltimore, MD!**This is a 3-month W2 contract with benefits**As the Consumer Loan Underwriter Analyst, you will be responsible for reviewing submissions for select Borrower's Assistance program approvals and processing, such as deferments, and loan...

  • Consumer Loan Underwriter

    3 weeks ago

    Baltimore, United States Motion Recruitment Full time

    Our client, a leader in financial services is hiring a Consumer Loan Underwriter Analyst to join their team in Baltimore, MD!**This is a 3-month W2 contract with benefits**As the Consumer Loan Underwriter Analyst, you will be responsible for reviewing submissions for select Borrower's Assistance program approvals and processing, such as deferments, and loan...

  • Consumer Loan Underwriting

    3 months ago

    Baltimore, United States Global Channel Management Full time

    Consumer Loan Underwriting needs 3-5+ years in consumer loan underwriting Snr Customer Service Representative requires: 3-5+ years in consumer loan underwriting Previous credit review experience a plus Ability to perform in a high volume work environment, must have good problem -solving skills, analytical skills, attention to detail. Ability to have...

  • Relationship Manager III

    2 days ago

    Baltimore, Maryland, United States Wilmington Trust Full time

    About the RoleWe are seeking a highly skilled and experienced Relationship Manager III to join our team at Wilmington Trust. As a key member of our Client Service team, you will be responsible for providing exceptional service to our clients, building strong relationships, and driving business growth.Key ResponsibilitiesAct as a single point of contact for...

  • Credit Underwriting Specialist I/II

    6 days ago

    Baltimore, Maryland, United States National Black MBA Association Full time

    Job Overview:At National Black MBA Association, we are committed to enhancing financial well-being through meaningful connections. Our focus on Responsible Growth reflects our dedication to serving clients, colleagues, communities, and stakeholders with integrity and excellence.We believe that a diverse and inclusive workplace is essential for fostering...

  • Account Executive/Underwriter

    3 months ago

    Baltimore, United States Travelers Full time

    Who Are We? Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine...

  • Loan Administrator

    3 months ago

    Baltimore, United States Dominion Financial Services Full time

    Job DescriptionJob DescriptionJob Description: Dominion Financial Services (DFS) is a mortgage originator for single family real estate. DFS originates two main loan products – a short term bridge loan for fix & flip investors, and a long-term rental loan for landlords growing their rental portfolios. DFS is thriving in the current competitive environment...

  • Loan Administrator

    3 months ago

    Baltimore, United States Dominion Financial Services Inc Full time

    Job Description: Dominion Financial Services (DFS) is a mortgage originator for single family real estate. DFS originates two main loan products - a short term bridge loan for fix & flip investors, and a long-term rental loan for landlords growing their rental portfolios. DFS is thriving in the current competitive environment and shows aggressive quarterly...

  • Mortgage Loan Specialist

    5 days ago

    Baltimore, Maryland, United States latitude Full time

    Job Title: Loan Officer Location: Remote Position Type: Full-Time, Hybrid Schedule after 90 days Job Overview: We are looking for a dedicated and skilled Loan Officer to become a vital part of our organization. The successful candidate will possess a solid foundation in loan origination, outstanding customer service abilities, and a thorough knowledge of the...

  • Residential Loan Advisor

    1 week ago

    Baltimore, Maryland, United States latitude Full time

    Job Title: Mortgage Loan Specialist Location: Remote Position Type: Full-Time, Hybrid Schedule after 90 days Job Overview: We are looking for a dedicated and skilled Mortgage Loan Specialist to become a vital part of our organization. The successful candidate will possess a solid foundation in loan origination, outstanding customer service abilities, and a...

  • Commercial Credit Underwriter I/II

    4 weeks ago

    Baltimore, United States National Black MBA Association Full time

    Job Description: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for...

  • Senior Commercial Loan Officer

    1 week ago

    Baltimore, Maryland, United States Harbor Bank of MD Full time

    Job OverviewPosition: Commercial Lending OfficerDepartment: LendingReports to: EVP/Chief Lending OfficerStatus: ExemptSummary:The Commercial Lending Officer is responsible for developing and overseeing commercial loan portfolios that align with the Bank's lending standards while maximizing profitability and minimizing risk.Key Responsibilities:Conduct...

  • Senior Commercial Loan Officer

    5 days ago

    Baltimore, Maryland, United States Harbor Bank of MD Full time

    Position OverviewTitle: Commercial Lending OfficerDepartment: LendingReports to: EVP/Chief Lending OfficerStatus: ExemptSummary: The Commercial Lending Officer is responsible for developing and overseeing commercial loan portfolios that align with the Bank's lending standards while maximizing profitability and minimizing risk.Key Responsibilities:Conduct...

  • Senior Commercial Loan Officer

    1 week ago

    Baltimore, Maryland, United States Harbor Bank of MD Full time

    Position OverviewTitle: Commercial Lending OfficerDepartment: LendingReports to: EVP/Chief Lending OfficerStatus: ExemptSummary: The Commercial Lending Officer is responsible for cultivating and overseeing commercial loan portfolios that align with the Bank's lending standards while maximizing profitability and minimizing risk exposure.Key...

  • IRE Commercial Credit Underwriter

    3 months ago

    Baltimore, United States First National Bank of Pennsylvania Full time

    Primary Office Location: 300 E. Lombard Street. Baltimore, Maryland. 21202. Join our team. Make a difference - for us and for your future. n Position Title: Commercial Credit Underwriter Business Unit: Credit Reports to: Regional Underwriting Manager Position Overview: This position is primarily responsible for preparing financial analyses of current and...

  • IRE Commercial Credit Underwriter

    4 weeks ago

    Baltimore, United States First National Bank Full time

    Primary Office Location: 501 Fayetteville Street, Raleigh, North Carolina, 27601. Join our team. Make a difference - for us and for your future. Position Title: Commercial Credit Underwriter Business Unit: Credit Reports to: Regional Underwriting Manager Position Overview: This position is primarily responsible for preparing financial analyses of current and...