Responsible for analyzing each loan application package to determine the borrower's ability and willingness to repay the debt and the value of the property taken as collateral. Based on this determination, the as appropriate. The Underwriter ensures all applicable Federal, State and Investor requirements have been adhered to.
Reviews and underwrites loan files accurately and timely, ensuring compliance with company guidelines. Verifies documentation is complete and works with operations staff to collect additional information as necessary.
Add conditions to file if necessary in order to complete the underwriting process.
Analyzes credit documents, including but not limited to, mortgage applications, credit history and income documents, title documents, appraisals and all applicable compliance documents.
Approves or declines loans within limits of assigned authority. Communicates decision to appropriate individuals within the Company upholding fair lending practices.
Miscellaneous duties as assigned.
High School diploma or equivalent required
Minimum of three to five years' experience as a mortgage underwriter