Underwriter -

Location: Boca Raton
Posted on: November 20, 2024

Job Description:

Dynamic company looking for Underwriters with origination experience.

ALL of the following for a minimum of 36 months, within the past 5 years

- Review Income Documentation and Calculate to ensure ratios are acceptable per guideline requirements.

- Program identification and ensuring that the corresponding guidelines are adhered to.

- Validation of all supporting documentation submitted to underwriting including credit, title, appraisal, income, assets, and insurance

- Experience reviewing complex financial documents including computing income utilizing tax returns (tax analysis of Schedule C, S-Corp, Partnership, etc.)

- Perform in-depth analysis of credit report to ensure all liabilities are accounted for and appear on the 1003 per guideline requirements and to

- Perform in-depth analysis of credit report to ensure any name and/or address variations are captured and Letters of Explanation are conditioned for as needed per guideline requirements

- Perform in-depth analysis of assets to ensure all necessary documentation is received and recorded per guideline requirements

- Complete in-depth review of Appraisal; conditioning for any needed items per guideline requirements

- Perform in-depth research to document critical credit documentation is accurate (income, employment, occupancy, credit, assets, valuation, contract, HUD-1, interested party involvement)

- Review of the title for accuracy and red flags

- Calculation of DTI, income, assets, and LTV/CLTV

- Complete Excel Generated 1008 with Income/Asset/Debt information

- Re-Run loan through AUS and review to capture any new conditions, requirements or approval changes based on updated findings. Authority to approve AUS conditions.

- Validating the AUS (Clues, Clout, LP, DU) decision including the review of AUS to identify errors or additional conditions that may be required

- Review ?refer? loans/conditions for recommendations

- Review for possible misrepresentation, omissions, inaccuracies and red flags

- Review and decision loans based on guidelines without the presence of an AUS approval to assess an individual's creditworthiness

- Final Approve, Suspend or Approve Loan with Conditions based on file review and updated AUS findings using auto generated and free form conditions as needed

- Sign off authority for conditions related to calculation of income, assets, collateral, and credit

- Complete 3 initial underwrites per day, making any applicable changes, notes, and inputs in client's Loan Operating System (LOS)

- Clear conditions in Client's LOS as they are received from client

- Handle incoming calls and contact with Correspondents and other contacts in a polite and professional demeanor

The Successful Qualities (you really need)

- Current Credit Guideline Knowledge

- Current or Recent Underwriting experience (within past 3 years)

- Proficient in automated underwriting tools

- Detail Oriented

- Basic Computer Knowledge required in Excel, Word and Outlook

- Experience with Government Loans (FHA, VA, etc.)

- Able to work well within designated time frames for completion of work

- Must be flexible and able to work in a fast paced environment

We are an equal employment opportunity employer and will consider all qualified candidates without regard to disability or protected veteran status.

Keywords: , Miami Beach , Underwriter -, PR / Public Relations , Boca Raton, Florida