Job Snapshot
Location:
Dallas/Ft Worth, TX 75001
Base Pay:
$30.00 - $40.00 /Hour
Employee Type:
Contractor
Industry:
Banking - Financial Services
Consulting
Mortgage
Job Type:
Banking
Consultant
Professional Services
Experience:
7 to 10 years
Contact Information
Contact:
Sr. Talent Acquisition Recruiter
Description
Underwriter - Mortgage Industry
Opened on 11/17/2009
Founded in 2000, CompuGain is one of fastest growing IT consulting and services companies in the Washington DC area servicing industry leading financial and technical firms. CompuGain is headquartered out of Virginia with offices in Dallas and India.
CompuGain's mission is to provide timely, diverse, and qualified services to meet customer needs and exceed expectations. CompuGain strives to deliver innovative and effective solutions to add value to the business of our clients, enabling them to achieve high performance. In this vein, we continue to invest in the development of customized services and solutions to provide clients with the most advanced tools to achieve their critical missions effectively and efficiently.
Job Summary:
My clients a large national mortgage company seeks a long term Contract Underwriter who will be part of The National Underwriting Center (NUC) which manages loan-level quality assurance by reviewing loan files, analyzing and reporting on significant loan quality trends, and initiating necessary action(s) to mitigate losses.
Essential Job Functions:
•Review closed loans for eligibility with respect to my clients Selling Guide, DU Guide, and/or negotiated terms as defined by contracts with my clients lender partners
•Perform risk analysis and make decision regarding deficiencies identified during the review process
•Identify transaction components that indicate a potential for fraud and perform sufficient investigative work to resolve issues that are identified
•Accurately record data and review conclusions in QAS (Quality Assurance System)
•Professionally communicate the results of file reviews both verbally and in written format to internal and external customers
•Maintain a sound knowledge of my clients’ guidelines, DU guidelines, and risk assessment tools used to decision mortgage loans
•Maintain a sound knowledge of secondary market activity, practices, and business industry practices as they impact underwriting quality and origination activity
Requirements
Must Haves/Qualifications:
•Undergraduate degree strongly preferred. Graduate degree in business, finance, accounting or related discipline preferred
•Prefer a minimum of 7 - 10 years of underwriting experience
•Understanding of traditional mortgage origination and underwriting practices
•In-depth knowledge of my large national mortgage companies underwriting and quality control guidelines.
•Strong analytical, problem solving, and negotiation skills
•Effective written and verbal communication & presentation skills
•Intermediate user of MS Word and MS Excel, or comparable software packages Strong organizational skills, teamwork, and results orientation
•Do not want AUS (Automated Underwriting System) experience
•Manual understanding experience is a must
•Secondary Market experience is ideal
•Need to know large national mortgage company guidelines
•No sub – prime experience
*Targeting potential candidates with a strong understanding of manual underwriting. As well as exposure to a large mortgage company.
