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Mortgage Underwriter

Location : Trevose, PA
Job Type : Direct
Hours : Full Time
Travel : No
Relocation : No

Job Description :
 ******* $20K Sign on Bonus *******

PURPOSE OF POSITION


The primary role of the Mortgage Underwriter is to review a mortgage loan application and supporting documents in accordance with stipulated guidelines (Fannie Mae/Freddie Mac, FHA, VA, USDA and/or client and/or other investor) and to render a credit decision.




ESSENTIAL DUTIES AND RESPONSIBILITIES


To review provided documentation and render a credit decision. Ensuring the file meets the investor/agency guidelines:


·         Review asset documents and calculate assets


·         Review employment details and calculate W-2 and Self Employment income


·         Review credit report and validate liabilities and credit-worthiness


·         Review the sales contract


·         Review mortgage insurance


·         Review appraisal and perform compliance checks


·         Review disclosures for accuracy


·         Review applicable ratios (i.e. debt ratios, loan-to-value)


·         Notate any required credit and/or closing conditions and subsequently review and sign off on them


·         When the documents/information are received/reviewed, issue a final approval, ‘Clear to Close’ or adverse action on a loan


·         Update the LOS with all required/pertinent information


Maintain a strong relationship with the processing team and loan originators as you work together to evaluate a deal.




EDUCATION and/or EXPERIENCE


· A broad understanding of residential mortgage loans, and familiarity with mortgage loan products.
· Solid mortgage underwriting experience utilizing AUS and manual underwriting.
· Clear understand of the current RESPA laws and guidelines.
· Thorough understanding of underwriting policies and procedures, including investor guidelines
· Thorough knowledge of FNMA, FMLMC, FHA, VA and USDA guidelines and standards.
· Experience with income calculations including personal and corporate tax forms.
· Experience in Appraisal Review.
· Excellent verbal and written communication skills with a high degree of attention to detail.




PREFERRED SKILLS


· DE - REQUIRED
· VA LAPP SAR - Ideal
· Calyx Point Experience - Ideal


Required Qualifications :
 
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