Mortgage Underwriter
at Ascendo Resources

Date Posted: 4/25/2021

Job Description

Full Job Description

Determine if application represents an acceptable risk. This includes assessing the collateral as being acceptable, and assessing the borrower as being an acceptable credit risk.

Underwrite loan files up to the highest complexity, including self employed borrowers, government loans, and potentially portfolio loans.

Review and analyze complex personal and business tax returns and financial statements.

Underwrite each file first to agency guidelines, then to investor overlays, and, if applicable, overlays from the MI companies.

Communicate conditions of approval or deficiencies that will need to be cleared in order for approval to be issued to Loan Officers and Mortgage Processors.

Effectively use AllRegs and Market Clarity to to determine the best investor for the loan based on the loan request.

Maintain strong knowledge of investor loan products and guidelines.

Complete training, answer questions from production staff, and to other areas of the company.

Experience with Desktop Underwriter (DU) and Loan Prospector (LP) required.

DE/SARS designation preferred.

Job Type: Full-time

Benefits:

●  401(k)

●  401(k) matching

●  Dental insurance

●  Disability insurance

●  Health insurance

●  Life insurance

●  Paid time off

●  Retirement plan

●  Vision insurance

Schedule:

●  8 hour shift

Supplemental Pay:

●  Bonus pay

Education:

●  Associate (Preferred)

Experience:

●  Conventional and Government Underwriting: 5 years (Required)

●  Encompass: 3 years (Required)

Work Location:

●  Multiple locations

This Job Is Ideal for Someone Who Is:

●  Dependable -- more reliable than spontaneous

●  Detail-oriented -- would rather focus on the details of work than the bigger picture

●  High stress tolerance -- thrives in a high-pressure environment

Benefit Conditions:

●  Waiting period may apply

Work Remotely:

●  Yes

COVID-19 Precaution(s):

●  Remote interview process

Job Requirements

  • Complete underwriting review of loan files
  • Direct the underwriting risk section and underwriting process
  • Maintain underwriting activity logs and provide monthly underwriting report to underwriting manager
  • Challenging underwriting or credit issues
  • Evaluating mortgage credit risk associated with underwriting residential secondary market and portfolio mortgage loans
  • Using the appropriate underwriting guidelines
  • Submit mortgage loans for underwriting approval all documents are received
  • Understanding underwriting decisions/guidelines and conditions
  • Demonstrate exceptional underwriting skills with new mortgage loan requests
  • Decline applications based on underwriting guidelines
  • Stay abreast of underwriting guidelines
  • Establish underwriting guidelines and pricing policies
  • Understanding underwriting decisions and conditions
  • Maintain knowledge of all underwriting guidelines
  • Identifying, analyzing, and evaluating loan risk by underwriting conventional and government loans to investor and agency underwriting guidelines
  • Identifying, analyzing, and evaluating loan risk by underwriting conventional and government loans to investor and regulatory underwriting guidelines
  • Identifying, analyzing, and evaluating loan risk by underwriting conventional loans to investor, agency and Pulte underwriting guidelines
  • Learn underwriting skills and perform junior underwriter activities
  • Review all necessary underwriting information
  • Prepare necessary documents and submit mortgage loan application files for underwriting approval

Job Snapshot

  • Employee Type: Full-Time
  • Location: Work From Home
  • Job Type: Banking
  • Experience: Not Specified
  • Date Posted: 4/25/2021

About Us

Ascendo specializes in placing accounting, finance, banking, compliance, healthcare, Legal, IT, HR, and administrative professionals in temporary and project opportunities, as well as direct-hire positions. Through our specialized divisions, Ascendo Resources has the solution to your critical staffing & consulting needs.

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