Underwriter

This is a fully remote position, open to applicants in United States.

📋 Description

• Review and evaluate loan applications: This entails carefully scrutinizing financial documents such as tax returns, pay stubs, credit reports, and asset statements to determine the borrower's capability to repay the loan.

• Assess financial risk: Underwriters must apply their analytical expertise to pinpoint potential warning signs that may suggest loan default, such as elevated debt-to-income ratios, inconsistent employment history, or inadequate down payments.

• Make decisions on loan eligibility: Utilizing their analysis, underwriters decide whether to approve or decline a loan application. They may also propose specific loan terms and conditions based on the borrower's profile and risk evaluation.

• Communicate effectively: Underwriters are required to articulate their decisions clearly to loan officers, borrowers, and other team members. This may include crafting detailed reports, providing explanations for loan denials, and negotiating loan terms.

• Stay informed on industry regulations: As the mortgage industry continuously evolves, underwriters must be dedicated to keeping abreast of the latest regulations and compliance standards.

⛳️ Requirements

• Strong analytical and problem-solving abilities are critical.

• Exceptional attention to detail is vital for accurately evaluating loan applications.

• Proficient communication skills are required for engaging with borrowers, loan officers, and other team members.

• A minimum of 3 years of experience in underwriting Delegations is required: VA/SAR.

• All delegations preferred: FHA, VA/SAR, USDA Bond, DPA, and Housing Programs are beneficial.

• Must be capable of independently researching with agency partners to ensure compliance with guidelines as per AUS feedback.

🏝️ Benefits

• Must be located in either the Eastern or Central timezones.