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Primary Residential Mortgage · 2 hours ago

Underwriter

Meridian, ID

Full-time

Onsite

Mid Level

3+ years exp

Primary Residential Mortgage is seeking an Underwriter to review and evaluate mortgage loan documents to ensure compliance with established and government standards. The role involves approving or denying mortgage loans based on evaluations, negotiating with loan officers, and maintaining communication regarding loan statuses.

Financial ServicesReal EstateResidential

Responsibilities

Evaluates acceptability of loan to corporations that buy real estate loans on secondary mortgage markets where existing mortgages are bought and sold by investors

Determines acceptability of risk of prospective business

Negotiates directly with mortgage loan officers and processors

Reviews and completes a minimum of four loans each day or the department manager must be notified

Reviews conditions for approved files the Junior Underwriter was unable to sign off on within the 24-hour review window

Notifies the branch by fax, e-mail, or phone of the status of files and adds notes immediately to DataTrac

Approves or rejects loan applications and requests additional information if necessary

Records loan rejections, specifying investor and institution guidelines as the basis for declining application, such as insufficient cash reserves, etc

Assembles documents in loan files, including acceptance or denial and disposition sheet, for the originating mortgage loan office

Maintains database on new and existing business

Answers e-mails and phone calls within 1 hour to 2 hours of time received

Assists the underwriting coordinator and Jr. Underwriter with status questions