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Company

INDECOMM · 5 hours ago

Underwriter

United States

Full-time

Remote

Mid Level

3+ years exp

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ComplianceConsulting

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Responsibilities

Perform a cursory review of the loan file for compliance with Federal disclosure requirements to include the Net Tangible Benefits worksheet.

Validate the data used by the AUS to make a credit decision. This includes but is not limited to:

Verify all loan term obligations were considered to qualify

Thoroughly analyze the credit report for all current obligations

Determine any borrower SSN or address issues; address fraud alerts

Analyze derogatory credit, including but not limited to collections, judgements, foreclosures, other public records to meet AUS/program guides

Review detailed Fraud report

Determine income used to qualify the loan was calculated correctly

Including all income types with completing a self-employed analysis and/or wage earner/non-taxable income worksheet(s)

Ensure assets used for the source of funds to close and for reserves are acceptable and accurate

Establish that documentation required by the AUS is in the file or becomes a condition of the loan approval

Perform a Comprehensive Review Of The Purchase Contracts, Appraisal Report And All Supporting Documentation. This Includes But Is Not Limited To

Verify the report was performed by a licensed/certified appraiser and meets client's and investor/agency requirements.

Determine that the property meets investor guidelines.

Ascertain that the appraiser has supported his/her opinion of market value.

Establish that the appraisal report is complete and free of any inconsistencies and that the property is sufficient.

Evaluate the application, supporting credit, income and asset documentation, the appraisal report and the contract of sale of sale to uncover inconsistencies and potential misrepresentation in the loan file.

Determine if the loan was submitted to underwriting in accordance with the program and terms registered or locked with Client's secondary marketing department. Resubmit the loan to Client's AUS, when validated data falls outside of AUS tolerance levels.

Resubmit the loan to client's AUS, when validated data falls outside of AUS tolerance levels.

Identify loan conditions that must be cleared prior to closing and/or at closing.

Enter/correct data in LOS. Data includes the status and recommended conditions for the approval.

Review and clear 'prior to closing' conditions that have been identified as the underwriter's responsibility.

Communicate as needed with Client's staff and customers.

Quality control will be maintained at 97% or better.

Be able to trouble shoot basic technology issues.

Accessible from 8:00 a.m. to 5:00 PM. Local time Monday - Friday

Proper Communicate required with your managers for any time off requests, delayed starts, questions on work being reviewed

Underwriters to update internal systems simultaneously with client systems to provide underwriting completion dates.

Complete time and attendance and code properly daily.

Enter all work the same day as reviewed in the company provided tracking system

Double check your production report daily for all work completed each day

A minimum of 3 loans per day must be underwritten plus 6- 12 conditions to keep conditions within SLA

All work in your queue must be cleared daily.

Qualification

Find out how your skills align with this job's requirements. If anything seems off, you can easily click on the tags to select or unselect skills to reflect your actual expertise.

Underwriting experienceRegulatory complianceCredit report analysisAppraisal reviewLoan origination systemData validationFraud detectionIncome analysisAsset documentationCustomer service skillsTechnology troubleshootingDual monitorsAnti-virus software