Sr. Residential Mortgage Underwriter

AVA Consulting is seeking a Sr. Residential Mortgage Underwriter

Location: Henderson, NV and Plano, TX

U.S. Citizens and those authorized to work in the U.S. are encouraged to apply. We are unable to sponsor at this time.

Company Background: Our client, a major employer in the area, is looking for a Sr. Residential Mortgage Underwriter to be part of its team in its North American operations.

Job Description:

• We are looking for an experienced mortgage underwriter to evaluate and determine the eligibility of loan applications and provide second signature oversight of our mortgage fulfillment vendor approvals.
• The mortgage underwriter's responsibilities include analyzing and verifying loan applications, evaluating risks, and making loan eligibility decisions.

What you'll be doing:

• Assess and evaluate the creditworthiness of individuals seeking a mortgage loan with Client Financial Savings Bank.
• Thoroughly examine financial documents, credit reports, income verification, and other relevant information.
• Evaluate the borrower's ability to repay the loan based on income, debts, credit history, and other factors.
• Perform complex income calculations for borrowers with various types of employment.
• Analyze loan applications for borrowers who own multiple investment properties and second homes.
• Analyze mortgage loan applications to ensure compliance with company mortgage lending guidelines.
• Provide second signature appraisal reviews.
• Provide second signature file reviews on files underwritten by our mortgage fulfillment vendor.
• Approve, deny, or recommend conditions for loan approvals based on the analysis and risk assessment.

Requirements:

Qualifications/ What you bring (Must Haves) :

• HS Education or equivalent.
• 2-5 years relevant work experience required.
• Knowledge of the end-to-end mortgage origination process including property appraisal, income, asset, credit, and program requirements.
• Knowledge of the rules and regulations that govern mortgage lending.
• Demonstrated strong knowledge of TRID rules and regulations to include LE/CD disclosure timing, CIC, APR rules and tolerance cures
• Strong knowledge of and ability to correctly apply application mortgage lending regulations to loans in process.
• Excellent verbal and written communication skills
• Strong data analysis capabilities and the ability to clearly communicate findings.
• Meticulous attention to detail.
• Ability to calculate W2, fixed, and complicated self-employed income for borrowers with multiple businesses.
• Knowledge of mortgage industry manual underwriting guidelines.

Preferred/ Nice-to-haves:

• Four Year college degree (BA or BS)
• 5-10 years relevant work experience

NOTE: Interested Candidates can apply by sending their Updated Resume and Contact Details.

Ron Tolson

AVA Consulting

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