Job Scope
This position underwrites conventional and government loans processed through automated underwriting systems and issues manual loan decisions. The Senior Underwriter reviews findings and documentation to ensure compliance with agency and investor guidelines and issues final loan decisions based on the findings of FNMA, FHLMC, investor automated systems and manual decisions. This position is responsible for conveying decisions to Operations and Sales Team members and restructures loans, if necessary, to find alternative solutions. The Senior Underwriter must have knowledge of new construction purchase loans consisting of FNMA, FHLMC, FHA, VA and non-conforming jumbo loans, as underwriting will apply among these specialized loan types.
Job Duties
- Review loan application and supporting documentation according to guidelines. Submit through underwriting system. Review findings report and verifies that initial file documentation supports findings. Issue credit decision based on underwriting review in combination with automated findings and convey decision to applicable parties.
- Review automated underwriting findings of refer and caution to determine if there is an ability to issue a decision based on the credit risk of the loan. Suggest alternative loan programs by restructuring the loan.
- Responsible for traditionally underwriting loans and making manual loan decisions. Issue credit decisions and convey that decision to the applicable parties.
- Ensure compliance with both standard and automated underwriting policies.
- Resubmit loan files as needed through automated system for updated or final submission. Review updated documentation and reduced appraisal forms and issues final loan decision. Review and clear conditions as needed to complete loan file.
- Provide quality control reviews on files for other team members.
- Resource for processors, closers and loan originators for questions on specific loan files and interpretation of feedback reports from automated systems.
- Participate in FHA update meetings and reviews compliance sources to remain current on industry and investor changes.
Technical/Professional Knowledge (knowledge/skills, education and experience)
- Three years work experience required, preferably with one year related work experience in residential mortgage lending or 1st Trust Mortgage or Home Equity underwriting.
- High school diploma or equivalent required.
- Good analytical and math skills required.
- Strong oral and written communication skills required.
- Computer skills required.
Additional Criteria Required:
- Positive & flexible attitude with an eagerness to take initiative and assume responsibility. Energetic and enthusiastic. Self-starter.
- Consistently produces quality work, well organized and proven success in improving areas of responsibility. Always maintains integrity.
- Highly responsive to internal and external customers. Performs standard and advanced customer service duties. Maintains strong customer service focus while working in a fast-paced environment where continuous improvement is expected.
- Excellent interpersonal skills and abilities. Builds cooperative relationships with others.
- Teamwork and goal achievement oriented.
- Able to prioritize and balance multiple projects and assignments. Detail-oriented and conscientious. Consistently produce quality work with dependable work ethic.
Physical Requirements
While performing the duties of this job, the employee is frequently required to stand, walk, sit, use hands, reach with hands and arms, stoop, kneel, talk, hear, and use a telephone and personal computer. May be required to lift and/or move up to 25 pounds. Must be able to occasionally drive during work hours.
Location
This position will be located at the operations center in Scottsdale, Arizona.
At Will Employment
All employees of the Company are considered to be, "at will." As such, any employee may terminate his/her employment at any time, with or without cause, as may the Company.