QC Mortgage Underwriter

DUTIES AND RESPONSIBILITIES:

This Position is located at UNMB Home Loans Headquarters in Levittown New York

The following reflects managements definition of essential functions for this job but does not restrict the tasks that may be assigned. Management may assign or reassign duties and responsibilities to this job at any time due to reasonable accommodation or other reasons.

• Audit loan applications to granted credit underwriting authority ensuring adherence to Company and investor credit quality standards.
• Analyze mortgage loan files, which includes customers application, income documentation, appraisal and title reports, to ensure compliance with the company's policies, as well as state and federal regulations.
• Analyze loan attributes and documentation for soundness and accuracy.
• Analyze loan applications to identify any risk issues and/or potential misrepresentation.
• Evaluate overall income, credit and equity of each loan application.
• Ensure timely review and follow-up steps in order to meet secondary market & investor expectations.
• Keep up to date on investor and regulatory policies, procedures and changes that affect mortgage underwriting.
• Effectively Communicate with, team members and management on outstanding requirements and conditions
• Review all AUS findings and ensure data integrity of income, credit debts, assets and equity calculations and adherence to guidelines.
• Review AUS and ensure of required documentation is obtain as outlined in AUS and supports bullet point above.

Qualifications

• Bachelors degree preferred.
• 5+ years underwriting residential mortgage experience.
• Must have conforming Conventional experience, FHA & VA
• Working knowledge of Encompass.
• Strong verbal and written communication skills.
• Team player with a strong commitment to customer service.
• Adherence to established policies and procedures pertinent to the position which include but are not limited to BSA, Privacy, CRA and Safeguarding Customer Information.
• Effective oral and written communication with QC Vendors, co-workers and all levels of management. Excellent interpersonal and organizational skills.
• Ability to work well with co-workers and all levels of management.

PHYSICAL/MENTAL REQUIREMENTS:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is frequently required to do the following:

Coordinate multiple tasks simultaneously

• Understand and respond to a diverse population
• Perform some repetitive motion activities
• Sit for long periods of time
• Require close vision and the ability to adjust eye focus often
• Required to talk and hear
• Required to reach with hands and arms
• Requires minimal weight to be lifted (not more than 10 pounds) or force exerted on a regular basis.
• Required to communicate electronically
• Occasionally required to stoop, kneel, crouch, and crawl

EVALUATION AND PERFORMANCE METRICS

• Audit Pre Closing 45-60 files/month volume permitting within normal business hours
• Re-Audit all loans reported by QC Vendors with Eligibility & Moderate ratings in a timely manner
• Ensure any QC findings by investors/vendors & agencies are responded to within the time frame provided
• Quality Control error ratio less than 2% (KPI Quality Control plus Repurchases)
• Respond to post closing QC findings within 15 days of receipt of such findings from QC Vendors
• Maintain a satisfactory employee survey results