REMOTE VA Mortgage Underwriter - NJ/NY/CT Residents ONLY

Location: Plainview, NY
Date Posted: 11-11-2017
Perform underwriting of VA mortgage loans including a detailed review of the residential mortgage loan application and documentation as submitted to ensure loans meet underwriting guidelines by secondary market and investors. The detailed review will entail analyzing all documentation including but not limited to credit reports, income and asset documentation, collateral, fraud prevention tools and other applicable documentation as required to render a loan decision ensuring completeness, accuracy and compliance. Underwriters are responsible for effectively communicating all lending decisions to appropriate parties including Processing and Loan Officers.
  • Develop and maintain knowledge of multiple loan product guidelines for quick and accurate answers.
  • Provide technical experience and quality assurance on loan approvals.
  • Rework loans to offer new terms, identifying any additional conditions as needed to insure a viable credit decision.
  • Analyze borrowers credit profile, collateral and capacity to repay the proposed mortgage obligation.
  • Ensure loans meet agency and government guidelines.
  • Accurately calculate borrowers income and debt-to-income ratios based on acceptable agency practices.
  • Document lending decisions and complete required screens in the loan origination system that include accurate completion of the 1008 as well as adding and/or creating applicable conditions on the loan approval.
  • Run, read and interpret automated underwriting decision results from both Desktop Underwriter and Loan Prospector.
  • Review conditions submitted on loans and sign off on conditions where appropriate.
  • Communicate loans decisions to Processing and Loan Officers in a timely fashion and ensure compliance deadlines are met with regards to pre-disclosures, approval letters, denial notices, and counteroffers.
  • Work closely with processing and/or Loan Officers to answer specific loan questions, to answer specific conditions or documentation requested and to resolve problems.
  • Prioritize work queue to ensure service level agreements are met.
  • Consistently meet or exceed established minimum productivity and quality goals.
  • Provide quality control responses in a timely manner.
Thank you,
Meg Reilly
VP of Recruiting
TOLL FREE: (800) 603-1651
FAX: (480) 287-9066
this job portal is powered by CATS