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SWBC Mortgage Corporation · 6 hours ago

Underwriter IV

Texas, United States

Full-time

Onsite

Senior Level

5+ years exp

SWBC Mortgage Corporation is seeking a talented individual to underwrite mortgage applications. The role involves composing credit decisions, interpreting investor guidelines, and reviewing loan submissions to ensure compliance with investor standards.

FinanceFinancial ServicesLending

Responsibilities

Provides technical assistance to other underwriters, loan originators, and processors and closers in order to enhance volume, accuracy, and efficiency through personal interaction and monitoring of Scenarios Mailbox

Develops training materials for new underwriters and for continued staff development; performs actual training of new underwriters; and assists in their development as needed

Acts as contact point and represents Underwriting Department for systems improvements including LOS systems

Determines and advises if a file can be counter-offered to a different product and/or program when appropriate

Underwrites all loan types including the more complex products

Performs second-level reviews of other underwriter files as needed

Interprets investor guidelines and policies to ensure that loans are salable in the secondary market

Underwrites Conventional, FHA, VA, and USDA loans ensuring compliance with appropriate company and secondary market investor standards

Makes decisions related to credit and collateral; analyzes complex loan documentation (i.e., appraisal reports, compliance inspections, credit reports, job verifications, financial statements and tax returns) to evaluate subject property and credit worthiness of borrowers; and determines if loans meet approval criteria and informs production staff within corporate time frame

Responds to investor, agencies, and internal qualify control audits as needed

Qualification

Mortgage underwriting experienceFHAVAFNMA guidelinesComplex financial analysisAnalytical skillsMS WordExcelCommunication skillsNegotiation skillsTraining developmentInvestor guidelines interpretationLoan documentation analysisHUD Direct EndorsementVA LAPP designationDecision making

Required

Minimum of five (5) years mortgage lending experience, which includes at least three (3) years mortgage underwriting experience

Thorough understanding of FHA, VA, FNMA, FHLMC, and conventional guidelines, policies and procedures

Thorough knowledge of all underwriting procedures and real estate appraisals

Thorough knowledge of creditor financial analysis techniques and mortgage credit evaluations

Excellent analytical and decision making skills

Strong verbal and written communication skills

Strong negotiation skills

Thorough knowledge of MI policies

Thorough knowledge of complex personal and business financial analysis and an expertise in tax return and balance sheet analysis, including both cash flow and AGI methods

Working knowledge of personal computers to include MS Word and Excel

Possess a HUD Direct Endorsement Underwriter and a FHA DE designation

Able to sit for long periods of time analyzing loan applications, credit reports, and other related documents

Able to lift/push/pull/stoop/kneel 10 – 20 lbs. of files or other documents