Mortgage Underwriter (Remote)

Primary Function

The main focus of this role is to perform underwriting of conventional and /or FHA/VA mortgage loans including a detailed review of the residential mortgage loan application and documentation as submitted to ensure loans meet underwriting guidelines as established by NewRez and its investors. This is a remote position.

Principal Duties

• Approves or rejects residential loans within prescribed authority
• Analyzes borrowers credit profile, collateral and capacity to repay the proposed mortgage obligation
• Ensures loans meet NewRez, agency and government guidelines
• Accurately calculates borrowers income and debt-to-income ratios based on acceptable NewRez and agency practices
• Documents lending decisions and completes required screens in the loan origination system that include accurate completion of the 1008 as well as adding and/or creating applicable conditions on the loan approval
• Run, reads and interprets automated underwriting decision results from both Desktop Underwriter and Loan Prospector
• Reviews conditions submitted on loans and sign off on conditions where appropriate
• Keeps informed of current and acceptable underwriting practices
• Communicates loans decisions to clients/internal departments in a timely fashion and ensures compliance deadlines are met with regards to pre-disclosures, approval letters, denial notices, and counteroffers.
• Works closely with processing and/or account management to answer specific loan questions, to answer specific conditions or documentation requested and to resolve problems
• Maintains and cultivates an effective working relationship with internal and external customers
• Prioritizes work queue to ensure service level agreements are met
• Consistently meets or exceeds established minimum productivity and quality goals
• Provides quality control responses in a timely manner
• Acts as a role model of the companys values, acting in an ethical and professional manner at all times
• Embraces company culture

Education and Experience Requirements

• Minimum 4 years of residential loan underwriting experience
• Strong processing background preferable
• High school diploma required
• Bachelors Degree preferred

Knowledge, Skill, and Ability Requirements

• Strong analytical skills
• Ability to make risk based lending decisions supported with relevant data and research
• Detail oriented
• Knowledgeable with MS Office
• Excellent Customer Service skills
• Excellent verbal and written communication skills
• Great organizational skills