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Job Summary:

Underwrites loans in accordance with Company and Investor policies and procedures under general supervision.  Makes sound underwriting decisions and ensures that all decisions meet legal and policy requirements.

Duties and Responsibilities:

• Performs a thorough analysis to ensure the quality of each loan and to determine compliance with Company and Investor guidelines.
• Applies and interprets company underwriting guidelines and makes sound credit decision.
• Completes credit, income analysis of loan, ensures proper audits are completed and verifies consistency of loan file information.
• Reviews and evaluates credit information on mortgage loan documents to determine acceptability into specific loan programs.
• Determines any conditions, stipulations or pre-funding requirements.
• Reviews receipt of any conditions, stipulations or pre-funding requirements.
• Communicates with loan officer, operations manager, and production manager as required to resolve outstanding issues.
• Assists departmental support staff when necessary.
• Performs other related duties as assigned.

Essential Job Functions:

• Confidentiality: Maintains highly confidential information concerning loan applicants.
• Organization:  Requires high level of organizational skills and ability to work on several files simultaneously.
• Communications:  Constant contact with loan officers and internal office staff.
• Coordination:  Significant coordination of various duties required.
• Equipment:  Office machines such as computer, copiers, fax machines
• Physical:  Sitting for extended time periods.  Hearing and vision within normal range.

Experience:

Three to five years of experience as a mortgage loan underwriter with multiple investors and loan products.  Must demonstrate thorough knowledge of all aspects of mortgage loan underwriting and investor loan guidelines.

Education:

Any combination of education and experience equivalent to bachelor’s degree and, an equivalent combination and/or experience that demonstrate a thorough knowledge mortgage loan underwriting.

Skills Required:

• Excellent computer skills and working knowledge of Microsoft Office products.
• Calyx Point, DataTrac, DU, LP and other AUS experience preferred.
• Ability to communicate effectively both verbally and in writing.
• Strong customer service skills.
• Ability to handle detailed assignments.