Mortgage Underwriter 8/20/2016

1st Alliance Lending, LLC East Hartford, CT

Company
1st Alliance Lending, LLC
Job Classification
Full Time
Company Ref #
28889426
AJE Ref #
575946362
Location
East Hartford, CT
Job Type
Regular

JOB DESCRIPTION

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POSITION SUMMARY

The DE Mortgage Underwriter is responsible for overseeing all aspects of functions related to the analysis, funding and acquisition of FHA residential mortgage loans. The DE Mortgage Underwriter will need to be able to handle high volume levels and meet productivity standards. This individual must possess knowledge of the loan process with various types of mortgage documents and investor requirements. In addition, s/he must have strong organizational and accuracy skills with the ability to prioritize assignments and have the ability to work in a team environment. This position reports to Underwriting Manager.

ESSENTIAL DUTIES AND RESPONSIBILITIES

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Demonstrate professional oral and written communication skills.
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Demonstrate ability to work effectively, accurately, with great attention to detail.
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Demonstrate strong problem solving skills and ability to determine effective solutions.
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Demonstrate thorough working knowledge of FHA underwriting guidelines.
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Review and evaluate information on mortgage loans according to FHA guidelines.
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Assess loan attributes and documentation for soundness and accuracy.
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Review and evaluate loan files for risk mitigation.
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Recommend alternative loan structuring.
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Verify case file data, including findings and calculations to determine loan compliance.
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Request additional information pertaining to specific loans as necessary.
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Assembles approval documents in loan file and submits back to mortgage loan office.
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Records loan denials, specifying investor or guidelines and basis for denial.
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Performs such other related tasks or duties as 1st Alliance may assign in its discretion.

EDUCATIONAL REQUIREMENTS

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Must possess current FHA DE Certification and maintain such certification on an ongoing basis
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Must have a five year minimum DE underwriting experience
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Must be at least a college graduate

LANGUAGE SKILLS

Must have the ability to read and interpret documents, and have the ability to speak, understand, and communicate well with customers and personnel.

COMPETENCIES

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Must have the ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.
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Must have the ability to deal with problems involving several concrete variables in standardized situations.
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Must have the ability to exhibit sound judgment and make independent decisions.
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Must have the ability to observe safety and security procedures and use equipment and materials properly.
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Must have the ability to plan and organize work activities and use time efficiently and develop realistic action plans.
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Must have the ability to work independently and in a group environment.

OTHER SKILLS AND ABILITIES

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Must be able to use current software package such as Microsoft Word and Excel.
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Must be to send and receive email using Microsoft Outlook.
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Must be able to use general office equipment such as copiers, scanners, and personal computers.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Individuals may need to sit for long period at time, or stand as needed. May require walking primarily on level surface for periodic periods throughout the day. Reaching above shoulder heights, below the waist or lifting as required to file documents or store materials throughout the work day. Proper lifting techniques required. May include lifting up to 25 pounds for files and computer paper on occasion.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

For the most part ambient room temperatures, lighting, and traditional office equipment as found in a typical office environment.