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Guild Mortgage · 1 day ago

Underwriter III

Texas, United States

Full-time

Onsite

Mid, Senior Level

$100K/yr - $100K/yr

5+ years exp

Guild Mortgage Company has been closing loans and opening doors since 1960, dedicated to serving homeowners and buyers. The Underwriter III is responsible for underwriting various types of loans and ensuring compliance with standards, while also acting as a subject matter expert for junior team members.

Consumer LendingLendingMortgageReal Estate

Responsibilities

Review and evaluate loan documents to ensure accuracy, completeness, and compliance with company standards, federal and agency standards and guidelines, as well as any applicable state-specific and or local regulations, ordinances, etc

Analyze customer’s loan-to-value ratio, debt-to-income ratio, credit report, application, income and assets, source(s) of down payment funds, and supporting documentation to identify potential fraud or misrepresentation

Review appraisals to ensure that loans meet secondary market, investor, and company standards

Work with Loan Processors and Loan Officers on collecting information and documentation necessary to finalize incomplete loan packages

Determine if additional documentation or information would aid loan decision; request additional documentation or information accordingly

Provide options and recommendations to borrowers regarding suitable loan programs

Stay abreast of current regulations and industry trends that affect compliance and decision-making

Verify that system input is accurate and that company systems match Automated Underwriting System (AUS)

Use expertise to answer questions and resolve escalated issues from junior-level teammates

Perform other duties as assigned

Qualification

Direct Endorsement certificationExpert mortgage lending knowledgeUnderwriting regulatory knowledgeDetail orientationCritical thinkingMath skillsCommunication skillsOrganizational skills

Required

High school diploma or equivalent required

Direct Endorsement (DE) certification required; must have current certification(s) for any assigned region with state-specific requirements to originate/supervise loans, along with endorsements including Direct, VA, Auto and SAR

Expert-level knowledge of overall mortgage lending processes, including underwriting, funding, and loan processing

Expert-level knowledge of valid documentation related to the processing consumer mortgage applications (e.g., tax returns, financial statements and records, verification of income and deposits, etc.)

Expert-level knowledge of underwriting and regulatory requirements; detailed knowledge of federal, state, and regulatory requirements/guidelines related to consumer mortgage lending and internal processes and controls

Ability to think critically, including the ability to evaluate facts and data to draw conclusions, and determine the downstream impact of decisions and associated risks

Ability to prioritize multiple tasks in a deadline-driven environment; strong sense of urgency and responsiveness

Intermediate math skills

Strong verbal and written communication skills

Strong detail orientation and highly organized

Preferred

College courses/technical training related to Business, Finance/Accounting, Legal, or related field is preferred, along with total recent work experience that includes five or more years underwriting conventional, FHA, VA, or Bond Program loans, and/or five or more years experience underwriting jumbo, or permanent/one-time close loans