DE/SAR Underwriter (Wholesale Lead)

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Job ID:
2431834
Location:
, OH
Category:
Accounting
Salary:
per year
Employment Type:
Full time
Posted:
09.15.2017
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Job Description:

Overview

Responsible for underwriter loan applications within required turnaround time to review all aspects of the file including income, credit, equity to ensure adherence to Union Home Mortgage Corp. and Agency credit quality standards.

Duties/Responsibilities:

  • Responsible for underwriting 2-3 new loans per day while minimizing any risk to the company by thoroughly analysing a borrower's income, credit, assets and the collateral to ensure compliance with our investors, agencies, HUD, VA or HFA's.
  • Responsible for clearing UTC conditions in 24 hours.
  • Responsible for preparing loans for risk committee.
  • Maintain 3-5 days turn times.
  • Responsible for making counter offers on loans that do not conform to products under which they were originated.
  • Responsible for remaining updated on all investor, agency, FHA, VA, UNM guideline changes along with any overlays.
  • Assist LO's with scenarios and explaining any conditions that are not clear to them.

Additional duties and responsibilities include the following:

  • Ensure the accuracy of all necessary criteria for specific loan types, products, rates and fee structures.
  • Attend appropriate seminars to keep abreast on current market trends and developments.
  • Provide training support to sales force as needed.
  • Assist in the training of junior underwriters and processors.

Skills/Qualifications

  • Bachelor's degree preferred or equivalent experience
  • Three-five years of experience as an Underwriter and complete knowledge of the mortgage business
  • Experience with FHA/VA/Agency loans
  • Direct Endorsement (DE) Required
  • LAPP/SAR
  • Strong credit, risk analysis, analytical and decision making skills
  • Effective interpersonal and technical report writing skills
  • Attention to detail
  • Knowledge of Encompass LOS
  • Desktop Underwriter
  • Loan Prospector
Company Info
Union Home Mortgage Corp.