Wholesale Underwriter III

Wholesale Underwriter III

Job Summary
The Wholesale Underwriter III is an advanced-level position within the Company. The Wholesale Underwriter III is responsible for reviewing loan submissions to ensure that they meet Company guidelines and evaluate the loan in such a way as to maximize company profit and minimize company risk exposure.

Summary of Role and Responsibilities

• Reviews all items and conditions provided by borrowers and ensures they meet the required guidelines by utilizing internal and external (e.g., agency) policies and procedures [e.g., automated underwriting systems such as Desktop Underwriter (DU)]
• Ensures that Company operating standards are met for underwriting and compliance by utilizing internal and external (e.g., agency) policies and procedures
• Reviews applications and all pertinent disclosures to ensure compliance with all Federal, State and investor requirements are met and upheld
• Monitors property appraisal process to ensure value of property is accurately presented
• Analyzes documentation such as credit, income, assets, and appraisals to make sound underwriting decisions based on this analysis by using internal checklist
• Reviews documentation within Company paperless system (e.g., DocVelocity) and ensures documents are properly classified and organized
• Makes quality underwriting decisions while maintaining Company turn-time expectations
• Reviews and clears conditions on all loans to ensure a complete loan package prior to closing
• Utilizes proprietary and on-line tools [e.g., Lexis/Nexis, Real Quest, Mortgage Electronic Registration System (MERS), AVM's, etc.] to help combat fraudulent activity and ensure quality loan decisions
• Communicates with peers by sharing underwriting "best practices" and providing accurate, thorough documentation on "best practices" or other documentation tools
• Engages specific strategies (e.g., determines appropriate individuals to resolve escalated customer issues, etc.) to resolve customer questions and concerns
• Continually reviews underwriting environment, and suggests improvement opportunities to management
• Acts as a recognized subject matter expert within the Company and partners with management on underwriting-related issues by providing analytical support, and counseling advice for their functional areas
• Special projects, as assigned

Minimum Knowledge, Skills and Abilities

• Intermediate knowledge in Microsoft Word, Excel, Outlook and Internet Explorer
• Expert knowledge of conventional and/or government loan underwriting and selling guidelines (e.g., Fannie Mae, Freddie Mac, FHA, VA, etc.)
• Exceptional customer service
• Underwriter designation certification (e.g., Direct Endorsement, etc.)
• Ability to communicate effectively with all levels
• Ability to positively project the Company and department

Minimum Education Requirements

• Associate's degree with an emphasis in business administration, finance, accounting or related field of study or equivalent combination of training experience sufficient to successfully perform the essential functions of the job

Experience

• Five + years previous experience in a similar role

Preferred Education, Knowledge, Skills and Abilities

• Bachelor's degree in business or higher education
• Seven + years previous experience in a similar role
• Outstanding interpersonal relationship building skills

Work Environment
Work is performed within an office environment, with standard office equipment available.

Physical Factors
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this Job, the employee is regularly required to sit for extended periods of time; use hands to finger, handle, or feel the computer; reach with hands and arms and talk or hear. The employee must occasionally lift and/or move up to 25 pounds.

Disclaimer
The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

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