The incumbent will be responsible for underwriting mortgage applications, compiling and creating credit decisions, interpreting investor guidelines and policies, reviewing all loan submissions to ensure that they meet the investor guidelines; weighing credit risk to ensure that the loans originated by the Bayview will be insurable by applicable agency
Responsible for underwriting mortgage files onsite.
Review and evaluate information on mortgage loan documents to determine if buyer, property, and loan conditions meet establishment and government standards.
Coordinate underwriting activities with loan processing and loan closing to ensure loan requirements are met; notify loan production personnel of incomplete files to obtain appropriate information necessary to complete loan packages.
Ensure and uphold fair lending practices; meets targets for productivity, quality and customer satisfaction
Analyze appraisals (including FHA, under DE program). Review the fees appraiser’s reports for completeness and conformity with industry-accepted appraisal practices and techniques as well as all other Federal Housing Administration (FHA).
Knowledge of FHA Streamline
General knowledge of mortgage banking origination practices, procedures, regulations and laws.
Thorough knowledge of all GSE underwriting requirements as it pertains to Correspondent TPO Lending.
Strong understanding of the operational responsibilities involved in the purchase and transfer of whole loan assets as it pertains to credit quality
Skilled in negotiating issues and resolving problems
Working knowledge of Word, Excel, PowerPoint and Access. Strong skills in effective oral and written communications, including active listening and presenting findings and recommendations
Ability to establish and maintain positive working relationships with co-workers, staff and external contacts, and to work effectively in a professional team environment
Bachelor’s degree from an accredited college or university preferred
Minimum of 5 years mortgage banking experience
Minimum of 5 years experience in an underwriting role
Strong knowledge of FHA guidelines; VA preferred but not required.
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