ESSENTIAL FUNCTIONS AND BASIC DUTIES:

1. Approves or rejections loans. Data verify loan files that were submitted to e-MITS for approval and pricing. Records loan rejections, specifying investor and institution guidelines and basis for declining application, such as insufficient cash reserves.
Decides on approval or rejection of loans based on loan documents submitted. Determines whether any adjustments or additional information is required prior to approval.

2. Examine overall loan documentation to ensure accuracy, completeness and fraud prevention.
·        Determines whether documentation contains any fraudulent information.

.        Contacts appropriate party for necessary documents.

3. Reviews and evaluates information on loan documents to determine if buyer, property, and loan conditions meet established company and/or government standards. Review loan-to-value ratio, credit reports, applications, etc., to ensure that each loan meets secondary market, investor and company standards.
·        Determines whether loan documents are in compliance to standards.

• Determines course of action required in order be in compliance.
• Determines terms and acceptability of risk of prospective loans.

Candidates must have:

• High school diploma or GED.
• 1-2 years of experience in retail mortgage loan processing.
• Excellent customer service and communication skills.
• Ability to meet deadlines.

DE Underwriter needs to have DE Cert and FHA and FA Experience.

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Tags: Banking, mortgage, mortgage jobs, underwriter, underwriting jobs