Conventional Underwriter - DE Certification Fast Track Program

Company: Freedom Mortgage
Location: Jacksonville
Posted on: September 17, 2020

Job Description:

SummaryThe DE Fast Track Program gives experienced Conventional Underwriters the opportunity to earn their DE certification by participating in AND passing a 6 week training course provided courtesy of Freedom Mortgage. During this time, Underwriters will be responsible for training and underwriting residential loans ensuring compliance with appropriate company, secondary market investor standards and all applicable laws. Must be able to underwrite loans within the company and industry guidelines. The Underwriter will also be working with the sales and operations teams to secure all required documents.Essential Job Functions:Take part in DE Fast Track Program over the course of a 6 week periodUnderwrites Conventional to verify for completeness, accuracy, and complianceDevelops and maintains an up to date and sound knowledge of multiple loan product guidelines offered by the company, DU/LP guidelines, and risk assessment tools used to decision mortgage loansReworks loans to new terms, identifies additional conditions as needed to insure a viable credit decisionReviews and evaluates borrower(s) profile including but not limited to all income documentation, tax returns, asset documentation, credit reports, preliminary title report, judgments, bankruptcy documents and appraisalsAnalyzes and calculates income documentation such as personal and business income tax returns and ensures all necessary documentation is requested to support final loan decisionsExercises good judgment, conducts reasonableness tests and issues quality decisionsDetermines accuracy and completeness of files; ensures processes are consistentDemonstrates proficiency in automated underwriting systems (DU, LP)Maintains a sound knowledge of secondary market activity, practices, and business/industry practices as they impact underwriting quality and origination activityMaintains pre-established service level standard of decisions within a service level time frame set by the companyCommunicates regularly with sales team, processors, closers and managementAssists in the preparation of repurchase responses and/or rebuttal reviewsAbility to function in an ever-changing environment and work across all business channels in Underwriting (Retail/CC/Wholesale) as neededPosition RequirementsQualifications:To perform this job successfully, an individual must be able to perform each--essential function--satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the--essential functions--of the job.Appraisal review and tax return analysis skills required (front line)Prior credit signing authorityExperience with repurchase response and/or rebuttal review and response preparationSecondary market experience a plusUnderstanding of TILA, RESPA and Predatory LendingStrong analytical and decision making/problem solving skillsPossess a keen eye for accuracy, attention to detail and ability to handle a high volume work loadExcellent interpersonal, organizational, prioritization and time management skillsProficient in computers including LOS systems, Microsoft Office and Excel.Ability to adapt/ learn/utilize multiple software programsExperience with paperless environment preferredAbility to deliver effective results and to meet deadlines with minimal supervisionSelf-starter, adapt to a changing environment and have the ability to communicate and work well with investors and co-workersPossess clear, concise and effective written and oral communication skillsProfessional demeanor in appearance, interpersonal relations, work ethic and attitudeRequired to support and work across all business channels in Underwriting (Retail/CC/Wholesale) as neededEducation and/or Experience:Minimum 3 years of current frontline mortgage Underwriting experience is requiredHigh School Diploma or GED Required; 4 Year BA or BS is a plus

Keywords: Freedom Mortgage, Jacksonville , Conventional Underwriter - DE Certification Fast Track Program, Other , Jacksonville, Florida