US Mortgage Underwriters

7 months ago


Pasay, Philippines Gratitude Philippines Full time

JOB FUNCTIONS AND RESPONSIBILITIESReview and analyze the mortgage loan application to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines to minimize risk factors Review all required loan data, reports, and inspections to insure the collateral is acceptable to investor and the companyResponsible for making independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines.Provides final approval underwriting of mortgage loans – Conventional, Correspondent, FHA,VA, Reverse.Completes all required paperwork and forms in a timely and accurate manner; prepares required formsSign off conditions in a timely manner set by managementWork with staff and management to find solutions on escalated loans. May be requested to make recommendations for improving Internal Audit’s policies and practicesManage loans by using all functions of EncompassEffectively communicate underwriting decisions with processors and advisorsMaintain high level of customer service and communication with other departmentsOther duties as assignedEDUCATION / EXPERIENCEBachelor’s degree or equivalent of fifteen years of education mandatoryMinimum of 1 years of experience in Mortgage Underwriting with thorough knowledge of Financial and nonfinancial supporting documentation, Income calculations, Asset/ Liabilities & Appraisal verification, Credit report review.Knowledge about risk and compliance in Lending especially the FNMA & FHLMC Underwriting standards.Knowledge about Underwriting procedures of Conventional, Correspondent Lending, Reverse mortgage, FHA, VA (Government loans) underwritingWORK SCHEDULE OR TRAVEL REQUIREMENTSReady to do any shifts as per Business unit requirementsReady to travel office for training and other as per Business unit requirements



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