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Conventional Underwriter 1 (Remote) at Flagstar Bank

Conventional Underwriter 1 (Remote)

Flagstar Bank Work From Home MI, TX Full-Time
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Underwrites all levels of complexity of mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk or loss. Responsible for collateral evaluation for all property types including multi-family and renovation loans. Well-versed in standard concepts, practices, and procedures of residential underwriting and is able to ensure that loan meets FHA and VA insurability. Able to manually underwrite loans and is not reliant on automated underwriting to make a sound credit decision. This level of underwriter is expected to accurately analyze risk factors along with the presence of compensating factors that mitigate risk to the bank and structure transactions accordingly. Excellent quality is required, while working in a fast paced production environment. Employee may be required to work overtime based on business need.

  • Properly applies Flagstar, investor and compliance/regulatory guidelines while underwriting basic loan transactions.  Places the proper conditions on a loan.  Formulates clear, concise and actionable conditions.  Ability to underwrite automated (AUS) loans and apply AUS feedback appropriately.
  • Review and clear conditions based on Flagstar and investor guidelines within a designated time frame. 
  • Provide professional and knowledgeable assistance and communication to customers and internal groups.  Follow-up with customers in a timely and in an actionable format.
  • Assists assistant underwriters with loan files as needed.
  • Other duties may be assigned at the discretion of management.
  • Ensures compliance with applicable federal, state and local laws and regulations.  Completes all required compliance training.  Maintains knowledge of and adhere to Flagstar’s internal compliance policies and procedures.  Takes responsibility to keep up to date with changing regulations and policies.

Job Requirements:

  • High School Diploma, GED, or foreign equivalent required.
  • Certified Residential Underwriter preferred.
  • 2-3 years of experience within the mortgage origination process (Assistant/Jr. Underwriter, processor, loan officer) including experience reviewing automated underwriting findings and basic income calculation .
  • Extreme attention to detail and organization.
  • Strong email etiquette.
  • Ability to build relationships with customers, sales and internal groups.
  • Ability to analyze basic levels of income, assets, credit and collateral.
  • Proven decision-making skills.
  • Displays initiative and drive for results.
  • Able to work independently.
  • Strong problem-solving, analytical and resolution skills.
  • Good written and oral communication skills.
  • Basic technical/functional skills are required.
  • Experience with Desktop Underwriting and Loan Prospector.
  • Able to perform duties within prescribed productivity timelines while maintaining high quality.
  • Utilizes proper listening skills to identify and resolve issues quickly.
  • Able to maintain high production and quality.



Recommended skills

Mortgage Loans
Loan Origination
Decision Making
Active Listening
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Job ID: 07200


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