Description

You will manage the end-to-end mortgage underwriting process to ensure loan eligibility, accuracy, and regulatory compliance.

Responsibilities

• Review and analyze mortgage loan applications to minimize risk and ensure compliance with internal and investor guidelines.
• Verify borrower information, including monthly income, expenses, and property data, against supporting documentation.
• Evaluate collateral acceptability by reviewing all required loan data, reports, and inspections.
• Make independent decisions regarding loan acceptance and risk based on HUD, company, and investor standards.
• Calculate required assets for closing and reserves while managing conditions and paperwork in a timely manner.

Required Skills

• Minimum 3 years of experience in conventional or government end-to-end underwriting.
• Deep expertise in the 4C's framework: Credit, Capacity, Collateral, and Capital.
• Proficiency in income calculation and Debt-to-Income (DTI) ratio analysis.
• Experience with residential mortgage credit bureau reports and Letter of Explanation (LOX) analysis.
• Strong knowledge of Cash Flow Analysis and Loan-to-Value (LTV) ratios.
• Ability to perform real-time analysis and live underwriting.
• Competency in managing loans using Encompass functions.

Preferred Skills

• Experience with 5+ years in mortgage underwriting.
• Ability to communicate underwriting decisions clearly to processors and advisors.
• Collaborate with management on escalated loans.

Key Skills

Education

ANY GRADUATE