Our client is seeking Remote Mortgage Underwriters, essential to getting loans to the finish line quickly & most importantly- with accuracy. The Underwriter will perform a detailed review of residential mortgage loan applications and documentation as submitted through Lending Officers. These extensive reviews will include, but not be limited to credit reports, income documentation, asset documentation, collateral, and other applicable documentation as required to render an affirmed decision.
Salary Structure: $30-55+/hour + OT + varying comp plans by Channel.
All 4 channels have 4 different comp plans. Most are points based on a huge chart based on the type of loan.
Retail and Joint Venture are averaging 5-6K/month. Some top performers in Retail are at 10K/month.
Opportunities available in Consumer Direct, Retail, Wholesale, and Joint Venture
Develop and maintain knowledge of multiple loan product guidelines for quick and accurate answers
Provide quality assurance on all loan approvals
Analyze borrower’s credit profile, collateral and capacity to repay the proposed mortgage obligation
Ensure loans meet both agency and government guidelines
Accurately calculate borrower’s income and debt-to-income ratios
Review conditions submitted on loans and sign off on conditions where appropriate
Communicate loan decisions to internal departments in a timely manner
Works closely with Account Managers, Lending Officers & Management to answer specific loan questions or verify condition and documentation request
Maintain an effective working relationship with internal and external customers
Prioritize work queue to ensure service level agreements are met
Consistently meet or exceed established minimum quality & productivity goals
2+ year(s) of experience as an Underwriter in a similar model including multi-state experience
Experience with both refinance & purchase preferred
Strong working knowledge of FNMA and FHLMC guidelines
Ability to work in a fluid environment and be held to minimum production standards
High integrity and outstanding work ethic required
Excellent communication, follow up & computer skills
Competitive compensation reliant on ability & experience
Excellent benefits package including multiple health, dental & vision options
Company-paid life and AD&D Insurance, as well as additional voluntary benefit possibilities
401K with robust company match
15+ PTO days, in addition to 8 paid company holidays