Senior Post Closing Resolution Underwriter
Redfin - Frisco, TX
Employment Type : Full-Time
$5,000 Sign-On Bonus!
Redfin Mortgage, a wholly-owned subsidiary of Redfin Corporation, is a different kind of lender that's revolutionizing the way people finance homes. We're rethinking the lending process from start to finish and putting the customer at the heart of everything we do. At Redfin Mortgage, you'll be empowered to make a difference in people's lives while growing your career in a collaborative, tech-savvy environment. If you're ready to get in on the ground floor of a fast-growing mortgage operation, join us. A diverse, inclusive culture is vital to Redfin's mission of making real estate better for people from all walks of life. We’re proud that Redfin is a place where different points of view and backgrounds are encouraged and respected. We constantly strive to build a company that reflects the world around us, based on our conviction that pursuing and developing talent of all types is the only way for a business to thrive over the long haul. Under the direction of the Post Closing Manager, the Senior Post-Closing Resolution Underwriter is responsible for managing a pipeline of credit-related defects, tracking, monitoring, resolving, trending and determining solutions to prevent defects based on root cause analysis. This underwriter will make corrections to deficient documents and requires a strong understanding of guidelines, credit review, calculating income, cash to close, and loan terms.
Here’s what you’ll do:- Manage pipeline of credit-related defects to ensure service standards and financial goals are met.
- Review and validate accuracy of the defects, update information on LOS as needed, and cure the outstanding defects.
- Prepare and analyze monthly trending reporting. Provide feedback to the line of business.
- Complete root cause analysis of the monthly tall bars and determine if the cause is people, policy, procedures or technology and make recommendations on resolutions to prevent the defects from occurring in the future and thereby reduce Post Closing deficiencies.
- Collaborate with the original underwriter and other front-line underwriting leaders to assist with Post Closing suspense items.
- Re-review the full underwrite of a loan where required to clear any Post Closing deficiencies
- Internal: Frequent contact with Redfin Mortgage Managers, employees, hiring managers, engineering, and on occasion other department coordinators.
What you bring to the table:- Ownership: you take personal accountability for your work and approach each day with a can-do attitude.
- Knowledgeable: you have thorough, demonstrated knowledge of mortgage underwriting procedures, policies, guidelines, and regulations. This knowledge extends to credit, income and asset analysis and property review and valuation.
- Leadership: you lead by example and participate as an effective member of any team.
- Analytical: numbers are your friends. You can't live without data. Your analysis informs how to improve results and where to spend a little more of your time and attention. You are able to translate numbers into action.
- Problem solver: you have demonstrated the ability to effectively solve problems
- Tech-chops: you have a pulse on the competitive tech landscape and a modern view of Mortgage origination.
- Borrower centric: when in doubt, you do the right thing for the borrower above all.
Requirements:- 5+ years of residential mortgage underwriting experience.
- Experience working with Fannie Mae Desktop Underwriter and Freddie Mac Loan Prospector.
- Extensive Knowledge of FNMA and FHLMC policies and guidelines required.
- Extended Knowledge of FHA and VA policies and guidelines is preferred but not required.
- Knowledge of mortgage loan processing, compliance, investor products, and underwriting guidelines.
- Strong influencing and negotiation skills; consultative and collaborative work style.
- High learning agility with the ability to learn and integrate business variables and learn new systems and platforms.
- Strong analytical skills & problem-solving abilities; solid decision-making abilities coupled with sound judgment.
- Effective at managing multiple priorities under tight deadlines in a fast-paced, dynamic environment.
- Strong interpersonal skills with the ability to develop and maintain effective relationships across the organization. Including the ability to effectively present information and respond to questions from all levels of management, clients, customers, internal and external audit, secondary marketing, and operations.
- Working knowledge of various fraud tools.
- Strong verbal communication skills; strong writing and composition abilities.
What we offer:- Competitive compensation packages with a salary, bonuses
- Generous benefits, including three weeks of paid vacation, medical, dental, and vision insurance, fully paid family leave, and more!
- Strong startup culture with catered lunches, casual dress code, happy hours, and more!
To make sure we hire the most qualified people, we've designed a multi-step selection process which may include interviews, a homework assignment, and a reference check. We're excited to get to know you and hope you're ready to give this opportunity everything you've got! Redfin is an equal opportunity employer committed to hiring a diverse workforce.