Financial Underwriter

2 weeks ago


Manila, National Capital Region, Philippines PHH Mortgage Corporation Full time

Job Summary

The Underwriter reviews and analyzes mortgage loan applications to ensure eligibility, accuracy, and compliance with internal and regulatory guidelines. They examine all documentation for completeness and make independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines.

Key Responsibilities

  1. Review and analyze mortgage loan applications to ensure compliance with internal and regulatory guidelines
  2. Examine all documentation for completeness and accuracy
  3. Make independent decisions regarding acceptance and risk of loans
  4. Provide final approval underwriting of mortgage loans – Conventional, Correspondent, FHA, VA, Reverse
  5. Complete required paperwork and forms in a timely and accurate manner
  6. Work with staff and management to find solutions on escalated loans
  7. Effectively communicate underwriting decisions with processors and advisors

Qualifications

  1. Bachelor's degree in Accountancy, Finance, Business Administration, or any related field
  2. Minimum of 1 year of experience in Mortgage Underwriting with thorough knowledge of Financial and nonfinancial supporting documentation, Income calculations, Asset/ Liabilities & Appraisal verification, Credit report review
  3. Knowledge about risk and compliance in Lending especially the FNMA & FHLMC Underwriting standards
  4. Knowledge about Underwriting procedures of Conventional, Correspondent Lending, Reverse mortgage, FHA, VA (Government loans) underwriting


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