Mortgage Underwriter

Key Mortgage Services Schaumburg , IL 60173

Posted 1 week ago

The Mortgage Underwriter role analyzes loan transactions and documentation to determine credit quality and conformance with mortgage secondary market standards. Reviews investor programs and guidelines to provide operating guidelines for successful origination and sale of loans.

Essential duties:

  • Review and evaluate real estate appraisals and underwrites mortgage loans on a daily basis.
  • Analyze the credit, income, and personal assets of loan applicants.
  • Underwrite conventional, FHA, and VA first mortgages as well as second mortgages and HELOCs in conformance with investor requirements, as well as the company's policies and procedures.
  • Review PUD and condo projects for conformance to investor requirements.
  • Provide support to processors and loan officers in structuring deals.
  • Stay informed of trends and development in local market. Stay abreast of changing regulations and investor guidelines.
  • Responsible for the accurate input of credit decisions into the LOS.
  • Clarify risk by requesting additional information when necessary.
  • The ability to multi-task in a fast paced environment.
  • Ability to work with multiple secondary investor guidelines.
  • Ability to work in a paperless environment.

Requirements

  • Minimum of 5 years mortgage underwriting experience required.
  • Direct Endorsement status preferred
  • SAR Approval a plus (not necessary); SAR training available for a qualified candidate
  • Two consecutive years of solid FHA underwriting experience
  • Experience with POS approval processes using LP, DO/DU and other AUS
  • Knowledge of FNMA/FHLMC guidelines and standards
  • Familiarity with industry quality control standards and fraud detection methods
  • Proficient computer skills including Microsoft Word, Excel and Outlook
  • Excellent people skills
  • Excellent verbal and written skills required
  • Exceptional attention to detail and strong organizational skills
  • Has the ability to work well under quick timelines
  • Has the ability to utilize various systems and reporting methods and to work with various units within the mortgage company

Benefits

  • Medical
  • Dental
  • 401k
  • PTO
  • VTO
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Mortgage Underwriter

Key Mortgage Services