Senior Residential Mortgage Underwriter

Senior Residential Mortgage Underwriter
Location: Plano, TX or Henderson, NV. Monday to Thursday onsite, Friday remote
Full Time W2 position
6-month contract with possibility of extension
Pay Range: $38.00-$41.38

Job Description:

• The candidate will evaluate and determine the eligibility of loan applications and provide second signature oversight of client's mortgage fulfillment vendor approvals.

Roles and Responsibilities:

• Assess and evaluate the creditworthiness of individuals seeking a mortgage loan with client.
• 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 client's mortgage fulfillment vendor.
• Approve, deny, or recommend conditions for loan approvals based on the analysis and risk assessment.

Client is looking for:

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

Candidates will be doing:

• Assess and evaluate the creditworthiness of individuals seeking a mortgage loan with client.
• 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 client's mortgage fulfillment vendor.
• Approve, deny, or recommend conditions for loan approvals based on the analysis and risk assessment.

Qualifications/ What candidates bring (Must Haves) - Highlight Top 3 to 5 skills:

• HS Education or equivalent.
• 2 to 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 to 10 years relevant work experience

What specific client's departments will they interact with?

• Client Sales, Client Compliance, Client Sales Support, Company's Client Support, Client Loan Servicing, Client Internal Controls Group
• What phase is the project currently in? Ongoing to meet loan production needs. Mortgage Kaizen projects are in progress and on-going.

Pay Range: $38.00 - $41.38

The specific compensation for this position will be determined by a number of factors, including the scope, complexity and location of the role as well as the cost of labor in the market; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. Our full-time consultants have access to benefits including medical, dental, vision and 401K contributions as well as any other PTO, sick leave, and other benefits mandated by appliable state or localities where you reside or work.
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