Sr. Mortgage Underwriter

Position Overview:

Keystone Consulting Group is seeking a Sr. Mortgage Underwriter. As a Senior Mortgage Underwriter, you will be responsible for underwriting mortgage loans to ensure compliance with company policies, regulatory requirements, and secondary market investor guidelines. This role involves examining loan documentation for accuracy and completeness, and collaborating with Mortgage Loan Officers and other Mortgage Department staff to secure all necessary documentation. The underwriter must also be proficient into Agency and FHA construction loans (i.e. 203(k) or equivalent). In addition, must be proficient in Non-QM Loans as well.

Key Responsibilities:

Loan Review and Validation:

Provide guidance and training to Mortgage Loan Originators and Mortgage Loan Processors regarding any errors identified.

Title Examination:

Verify customer ownership for refinance transactions and seller ownership for purchase transactions.

Rate Lock Verification:

Ensure the rate lock aligns with the underwriting file, including the correct program, Loan-to-Value (LTV) ratio, and credit score.

Credit Analysis:

Evaluate risk to make prudent underwriting decisions.

Appraisal Review:

Collaboration with Underwriting Supervisor:

Work closely with the Mortgage Underwriting Supervisor to ensure timely credit decisions, meeting purchase contract deadlines.

Program Compliance:

Adhere to guidelines to ensure all loans are closed properly and timely, according to both internal and external investor requirements.

Fair Lending and Compliance:

Guideline Monitoring:

Keep abreast of secondary investor, government, and mortgage insurance (MI) guideline changes and assess their impact on current and future loans.

Diligence and Audit Review:

Review selected mortgage loans for any deficiencies and work with staff to resolve issues, preventing future problems.

This role demands a high level of attention to detail, comprehensive knowledge of mortgage underwriting guidelines, and the ability to make sound underwriting decisions within targeted timeframes. The ideal candidate will possess strong analytical skills, excellent communication abilities, and a commitment to maintaining compliance with all relevant regulations and guidelines.

Requirements

Required Skills for Senior Mortgage Underwriter:

Bachelor’s degree in the relevant field or equivalent 10+ years of experience in the mortgage and credit underwriting space.

Perform mortgage credit analyses and evaluate risk to make prudent underwriting decisions.

Experience and proficient with automated underwriting systems and mortgage loan origination software/tools.

Ability to manage production volume in addition to the audit and diligence reviews with examiners, auditors, and secondary market entities; review and address deficiencies in mortgage loans.

Benefits

True and Better pricing strategies to win the customer.

Retirement savings plan.

Opportunities for professional development and advancement.

Supportive and collaborative team environment.