FHA Underwriter

General Purpose

To effectively and accurately review and evaluate information regarding mortgage loan documentation in order to determine if the borrower and/or property meet loan standards. Someone who believes in superior customer service and enjoys working in a high production team environment where integrity and honesty is paramount.

Role and Responsibilities

As a Mortgage Underwriter, your primary responsibility will be to make decisions independently with little supervision. You should be well-versed on all loan types. More precisely, the Underwriter will be expected to make decisions on loans scoring a “refer” through an automated underwriting system using a combination of expertise and investor knowledge. You will be recognizing and analyzing the different types of income and supporting documentation required for varying or unique circumstances (e.g.: self-employed borrowers, title report issues, derogatory credit and nontraditional income sources, etc). 

  • Complete a thorough analysis of loan files to determine compliance with company, investor, and government guidelines and standards
  • Evaluate the entire credit package and collateral for residential mortgage loans and ultimately ensure an “investor” quality loan product
  • Provide superior customer service to internal and external customers
  • Communicate decision (approval, suspense, denial) on loans to appropriate parties both verbally and in writing.
  • Be available to processors and loan officers for general guideline interpretations and questions on specific loan files
  • Continually exhibit an understanding of automated underwriting and guidelines
  • Check accuracy of all calculations
  • Meet or exceed productions goals while maintaining quality requirements.

Skills/ Knowledge/ Behaviors

  • Senior level Underwriter with a minimum 3-5 years experience underwriting DPA products and manually approved FHA loans
  • DE designation required
  • Knowledgeable in investor overlay and researching such guidelines
  • Excellent appraisal analysis skills
  • Knowledge of current HUD and investor guidelines
  • Must be able to prioritize files throughout the day to accommodate CTC files
  • Handle exception items and resolve complex issues
  • DE, SAR and/or LAPP certification preferred
  • Experience and complete knowledge of FHA/VA lending guidelines preferred
  • Understands how FHA/VA guidelines relate to internal and investor guidelines preferred
  • Superior customer services skills
  • Excellent written and verbal communication skills
  • Attention to detail required
  • Strong time management and organizational skills
  • A team player, ability to work independently
  • Thrive in a fast paced, high production environment
  • Readily embraces change
  • Excellent analytical and decision-making skills
  • Experience with Microsoft Office products, Encompass experience ideal

Position Type: Full-time, Exempt
Travel Required: No
Reports To: Underwriting Manager