Mortgage Underwriter

Employer
Alterra Group, LLC.
Location
Downey, CA
Posted
Apr 16, 2017
Jobs Outside Higher Education
Businesses & Consultants
Institution Type
Outside Academe


Job Description

Mortgage Loan Underwriter

Ready to join a great team?

Alterra is one of the fastest growing 100% Hispanic owned companies in the Nation. The infusion of passion and culture that we instill in our mortgage leaders has been and continues to be the key to our success. At Alterra you will not only enjoy the support of a team in a class of its own, but also access to technologies and resources that make your job more rewarding and more profitable. We want like-minded individuals to join our family today so that together we can continue to do what we set out to do almost a decade ago "Build Wealth Through Homeownership".

Summary

Underwrites residential loans ensuring compliance with appropriate company, secondary market Investor standards and all applicable laws. The Underwriter will be responsible for examining loan documentation for accuracy and completeness; is involved in one or several types of mortgage lending including but not limited to conventional, FHA and VA loans. Must be able to underwrite wholesale and retail loans within the company and industry guidelines. The Underwriter will also be working with Loan Originators, Branch Managers and Processors to secure all required documents.

Essential Duties and Responsibilities

Underwrites Conventional, FHA, VA and Special Program loans to verify for completeness, accuracy, and compliance

Develops 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 loans

Reworks loans to new terms, identifies additional conditions as needed to insure a viable credit decision

Reviews and evaluates borrower(s) profile including but not limited to all income documentation, tax returns, credit reports, preliminary report, judgments, bankruptcy documents and appraisals

Analyzes and calculates income documentation such as personal and business income statements and ensures all necessary documentation is requested to support final loan decisions

Exercises good judgment, conducts reasonableness tests and issues quality decisions

Determines accuracy and completeness of files; ensures processes are consistent

Demonstrates 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 activity

Maintains pre- established service level standard of decisions within the time frame set by the company

Communicates regularly with sales team, processors and management

Assists in the preparation of repurchase responses and/or rebuttal reviews

Disclaimer: Job description is not a complete list of duties. Must be self-sufficient and show the initiative to self-educate on industry product and program guidelines.

Qualifications

• Three to five years of current frontline mortgage Underwriting required; DE highly desired

•Appraisal review and tax return analysis skills required

•Prior credit signing authority a plus

•Must have a current FHA Chums/DE underwriting ID number with a minimum of two years experience in underwriting FHA loans. VA LLAP preferred but not required.

•Experience with repurchase response and/or rebuttal review and response preparation

•Secondary market experience a plus

•Understanding of TILA, RESPA and Predatory Lending

•Strong analytical and decision making/problem solving skills

•Possess a keen eye for accuracy, attention to detail and ability to handle a high volume work load

•Excellent interpersonal, organizational, prioritization and time management skills

•Proficient in computers including LOS systems, Microsoft Office and Excel. Ability to adapt/ learn/utilize multiple software programs. Experience with paperless environment preferred.

•Ability to deliver effective results and to meet deadlines with minimal supervision

•Self-starter, adapt to a changing environment and have the ability to communicate and work well with Investors and co-workers

•Possess clear, concise and effective written and oral communication skills

•Professional demeanor in appearance, interpersonal relations, work ethic and attitude

•High School diploma or equivalent

Equal Opportunity Employer.

Company Description
Alterra is one of the fastest growing 100% Hispanic owned companies in the Nation. The infusion of passion and culture that we instill in our mortgage leaders has been and continues to be the key to our success. At Alterra you will not only enjoy the support of a team in a class of its own, but also access to technologies and resources that make your job more rewarding and more profitable. We want like-minded individuals to join our family today so that together we can continue to do what we set out to do almost a decade ago "Build Wealth Through Homeownership".


Downey, CA

609dce3e9

Sat, 15 Apr 2017 10:30:18 PDT

PI97529757