Residential Mortgage Underwriting Specialist

1 week ago


Levittown, New York, United States UNMB Home Loans Inc Full time
Job Overview

SUMMARY: The Residential Mortgage Underwriting Specialist will evaluate and assess residential mortgage applications in accordance with established guidelines set forth by the Secondary Market, Investors, and Government entities (FHA/VA) as well as GSE standards. Candidates should possess a strong understanding of underwriting principles and be committed to maintaining high-quality standards.

KEY RESPONSIBILITIES:

The following outlines the essential functions of this role, though additional tasks may be assigned as necessary:

  • Assess loan applications to ensure compliance with company and investor credit quality standards.
  • Review mortgage loan documentation, including customer applications, income verification, appraisals, and title reports, to confirm adherence to both internal policies and external regulations.
  • Evaluate loan attributes for accuracy and soundness.
  • Identify potential risk factors and misrepresentation in loan applications.
  • Analyze the overall financial profile of each applicant, including income, credit history, and equity.
  • Provide assistance to Loan Officers and Relationship Managers in addressing inquiries and clarifying underwriting guidelines.
  • Ensure prompt review processes and follow-up actions to meet customer expectations.
  • Stay informed about changes in investor and regulatory policies that impact mortgage underwriting.
  • Communicate effectively with team members and management regarding outstanding requirements and conditions.
  • Review Automated Underwriting System (AUS) findings and ensure the integrity of income, credit, debt, asset, and equity calculations.
  • Confirm that all required documentation is obtained as specified in AUS guidelines.

QUALIFICATIONS:

To succeed in this role, candidates must demonstrate the following qualifications:

  • A bachelor's degree is preferred.
  • A minimum of 3 years of experience in residential mortgage underwriting.
  • Experience with conforming conventional loans is essential.
  • Strong knowledge of 203K and Homestyle Loans.
  • Familiarity with Encompass software is advantageous.
  • Excellent verbal and written communication skills.
  • A collaborative mindset with a strong focus on customer service.
  • Adherence to relevant policies and procedures, including BSA, Privacy, CRA, and Safeguarding Customer Information.
  • Ability to communicate effectively with customers, colleagues, and management at all levels.
  • Strong problem-solving skills with the ability to analyze information and resolve issues promptly.
  • Capability to work under pressure and meet deadlines.
  • Proficiency in Microsoft Office Suite and Teams.
  • DE Certification is required.
  • SAR/LAPP Certification is required.


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