Position title
Mortgage Underwriter
Description

The Collateral Underwriter is responsible for reviewing, analyzing, and underwriting residential collateral for new loan originations. The Collateral Underwriter is required to ensure each property valuation or condominium conforms to applicable agency/inventor guidelines prior to extending new loan credit to consumers. Moreover, the Collateral Underwriter ensures the quality of each property valuation or condominium project to mitigate unnecessary risk.

Responsibilities
  • Review and approve residential appraisals and condominium projects for the purpose of loan collateralization.
  • Ensuring property type, condition and value conforms with applicable agency guidelines
  • Interfacing with Appraisal Management Companies
  • Handling Appraisal Management Companies work product/validation appeals.
  • Strict adherence to company turn-times and guidelines.
  • Practice clear and concise communications.
  • Complete computer data entry as needed, i.e., Encompass, AUS systems, etc.
  • Communicate with originator, per service standards, answer underwriting and product questions
  • Complete Underwriting Certifications.
Qualifications

Required:

  • 3-4 Years of Residential Appraisal or Loan Origination Underwriting Experience
  • Experienced in FNMA, FHLMC, FHA and VA Loan Originations collateral requirements
  • Experienced in analyzing, Single family property, multi-family property, condominium projects and mobile homes.
  • Proficient in Microsoft Office (Outlook, Word and Excel)
  • Strong Analytical Skills
  • Attention to Detail
  • Strong communication skills (verbal and written)

Desired:

  • VA SAR
  • FHA DE certificate
  • License to Appraise Residential properties and/or bachelor’s Degree
  • Encompass operating system experience
Employment Type
Full-time
Job Location
Remote work from: USA
Date posted
February 23, 2021
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Position: Mortgage Underwriter

Thank you for very much for your interest in the Mortgage Underwriter position at LenderSelect Mortgage Group. We have received your application and our hiring team will be reviewing all applications. Should you be a good fit for the position, we will be in touch shortly.

To learn more about us, visit us online or connect with us on LinkedIn!