The Underwriter is responsible for reviewing all loan applications for compliance with underwriting, investor, government, and FNMA/FHLMC guidelines.
*This is a remote opportunity!
Reviews/analyzes loan files submitted for borrowers to ensure file meets loan program requirements. Includes individual analysis of:
Debt and assets
Loan values/loan-to-value ratios
Collateral and supporting documentation
Identifies/calculates loan risk of loss.
Conditions files for missing/supporting documentation.
Revisits loans to review and clear conditions.
Approves, counters or denies loan file.
Escalates fraud files to Credit Manager/Risk Management team.
Respond within SLA to all loan specific audits/findings.
This position is considered a non-loan originator position, this means participants may not engage in activities of a loan originator, including: communicating directly with borrowers about credit qualification or loan terms, including pricing concessions or other transaction-specific terms or conditions.
High School Diploma or equivalent required; 4-year college degree preferred.
Minimum 3 years of residential mortgage underwriting experience.
Experience working with Fannie Mae Desktop Underwriter and Freddie Mac Loan Prospector.
Knowledge of FHA, FNMA and FHLMC policies and guidelines.
Knowledge of mortgage loan processing, compliance, investor products and underwriting guidelines.
Knowledge of mortgage insurance (MI) guidelines.
Working knowledge of various fraud tools.
VA/LAPP, FHA DE (CHUMS), & SAR preferred.
Our employees demonstrate the Caliber Ways of Work (WOWS) every day through:
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