Senior Mortgage Underwriter

Job Description

Position Overview: Shared Services function leverages the ‘shared’ delivery model to provide operations delivery to Business Unites across the organization. The goal of the Shared Services division is to provide central operations solutions to Business Units across the Commercial and Residential Mortgages vertical. The Due Diligence underwriting team provides solutions for various service offerings under a single platform (seasoned compliance, credit, credit & compliance, title, collection comments, pay history, data, forensic, consumer, etc.). However, generally, activities will include (i) the identification of the proper documentation for data capture,(ii) the captureof such information in the system (iii) running embedded rules and logic against such information, and (iv) clearing validations and/or applying exceptions that may be appropriate for the item in question. DUTIES AND RESPONSIBILITIES: Review and verify loan applications and support documentation. Analyse loan risk and request additional information as necessary. Ensure compliance with regulatory standards. Ensure compliance with company policiesand guidelines. Determine and document loan conditions, communicate requirements, and/or decisions. Identify portfolio risks resulting from the client'sunderlying business practices. Document and effectively communicate reasons for the approval/rejection of loans. Such other activities as may be assigned by your manager. SKILL SETS REQUIRED: Demonstrated understanding of mortgage guidelines and policies for VA, FHA, FNMA, FHLMC & USDA Analysis and Calculation of qualifying income from varioustax documents such as 1040s, Schedule E, 1065, 1120, 1120S, K1, transcripts, etc. Analysis of Credit Reportsand Bank Statements Experience with both AUS and manualunderwriting methods including DU and LP. Working knowledgeof running and reviewing thirdparty loan-level Fraud Reports (Fraud Guard, Fraud Manager or DRIVE) would be preferred. Experience of working on Non-QM loans (Jumbo and Bank StatementPrograms) in addition to AUS loans would be preferred. Working knowledgeof industry recognized LOS such as Encompass, BytePro,Calyx, Empower or Lending QB. QUALIFICATIONS/ REQUIREMENTS: 5+ years of recent US Mortgage underwriting front-line experience compliance review/ Disclosures Preparation/ Closing/ Doc Preparation and/or due diligence (post-close) experience in the residential mortgage industry Knowledge and familiarity with current mortgage policies/procedures, compliance laws and regulations—including TRID—and understanding of mortgage regulatory changes High producerwith attention to quality Strong commitment to customer serviceand satisfaction Excellent time management skills Ability to work independently and to carry out assignments to completion withinparameters of instructions given, prescribed routines, and standard accepted practices Detail oriented,with superior verbaland written communication skills Strong PC skills, with demonstrated proficiency with Microsoft Office Must be able to work under pressure and meet deadlines, while maintaining a positive attitude and providing exemplary customer service Demonstrate professional behaviour including: Positive attitude Punctuality Dependability Understandingand adherence to company policiesand procedures SPECIAL REQUIREMENTS: This is a work from office role and will requirethe person to work in the US hours (IndiaNight Shift) Show more Show less