Summary
The job is for a Remote Underwriter who will underwrite Conventional & Jumbo Loans according to FFF overlays, policies, procedures, and agency guidelines. The Underwriter will perform industry-standard underwriting activities, check for accuracy of loan information, interface with various parties, review appraisals, maintain lender/Agency/Investor guidelines, and ensure compliance prior to closing. Other duties may be assigned as needed.
Requirements
All other duties as defined by Employer from time to time
Responsibilities
- Underwrite Conventional & Jumbo Loans in accordance with FFF overlays, policies and procedures outlined by Director of Operations
- Underwrite Conventional & Jumbo Loans in accordance with all agency guidelines and Investor Overlays
- Perform industry-standard underwriting activities (e.g. reviewing Income, assets, title, appraisal, loan application, etc.)
- Access all risk factors of loan and ensure it meets guidelines
- Report to Manager in regard to protocol and file escalation
- Check for accuracy of all incoming loan information for file and report discrepancies
- Ensure that all of the tax, title, insurance and closing documentation is in place
- Interface borrowers, loan processors, loan officers and underwriting in an effective manner
- Review the appraisal to make sure it is accurate and thorough
- Maintain, understand and follow lender / Agency / Investor guidelines at all times
- Underwriters to make sure all of loan factors meet particular loan guidelines
- Maintain dates in loan origination system pertaining to underwriting (as applicable)
- Submit mortgage loans to automated underwriting systems for approval within investor guidelines
- Assure all FINAL numbers and information is updated in file and system prior to issuing a clearance to close
- Ensure file compliance prior to closing being requested
