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Role Description

An Underwriter I is responsible for underwriting complex loan applications and managing an assigned loan pipeline. Additionally, a person in this position is responsible for:

• Underwriting Conventional (Fannie Mae/Freddie Mac) Loans.
• Ensuring loans approved are salable and conform to applicable investor and insurer guidelines.
• Keeping up with the most recent investor and insurer guidelines/programs.
• Adhering to company policy and procedures.
• Analyzing borrower income (all income types), asset and credit/liabilities documentation.
• Calculating simple and complex income types.
• Ensuring loans within assigned pipeline close timely.
• Ensuring assigned company Key Risk Indicator (KRI) and Key Performance Indicator (KPI) metrics are met.
• Reviewing and solving complex loan issues.
• Developing and cultivating great working relationships with sales, processing, underwriting, closing, secondary and compliance teams and leaders.
• Researching and responding timely to internal Quality Assurance and Quality Control reviews.
• Reporting material process and policy infractions/gaps to Underwriting Leadership.

An Underwriter I reports directly to an Underwriting Manager.

Qualifications

• 2+ years of new mortgage loan origination processing or underwriting experience.
• Excellent working knowledge of FNMA, FHLMC guidelines.
• Deep knowledge of federal and state laws (e.g., TRID, TILA, ECOA and HMDA).
• Sound technical skills with the aptitude to learn/navigate loan origination software and other technologies.
• Able to write correspondence and to effectively present information to peers, borrowers and in some cases clients.
• Able to read and interpret various loan documents such as promissory notes, agency/investor and legal directives and other loan documents.
• Able to define problems, collect data, establish facts and provide information to resolve the situation.
• Able to work well under pressure, meet multiple and sometimes competing deadlines.
• Able to apply basic math; calculate figures and amounts such as discounts, interest, commissions and percentages.
• Basic computer skills required: word processing, email, and mortgage software.

Requirements

• 2-3 years of Ellie Mae Encompass Loan Origination System Experience (preferred).
• Microsoft Excel proficiency (preferred).

Expectations

• Facilitate an excellent working relationship with internal and external customers by developing and maintaining respect, communicating effectively and providing excellent customer service.
• Maintain a high level of integrity, confidentiality and trust.
• Effectively problem solve by using judgment based upon knowledge of existing management policies and departmental practices and procedures.
• Meet established productivity, loan quality and task management standards.
• Ensure confidentiality of client records.
• Demonstrate a commitment to the Company Culture.
• Respond to phone calls and emails within the same workday.

Workplace Requirements

• Able to navigate a standard office environment (remotely and/or in office).