Residential Mortgage Underwriter

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Job Overview

We are looking for a detail-oriented and analytical Due Diligence Underwriter to join our team. This role is critical in the mortgage lending process, focusing on assessing the creditworthiness and risk profile of potential borrowers. The underwriter will evaluate loan applications, analyze financial information, and ensure all lending decisions comply with internal policies and regulatory guidelines.

Key Responsibilities

Loan Application Review

• Analyze and verify loan applications to ensure all required documents are complete and accurate
• Review borrowers credit history, employment, income, and debt levels
• Confirm property valuation using appraisal reports
  

Credit and Financial Analysis

• Evaluate credit reports to assess borrower creditworthiness
• Analyze financial statements, tax returns, and pay stubs
• Calculate debt-to-income (DTI) and loan-to-value (LTV) ratios
  

Property Valuation Review

• Review appraisals and alternative valuation reports
• Ensure appraisals conform to client-specified requirements
  

Compliance and Risk Assessment

• Ensure loans meet all federal, state, and local regulations
• Adhere to internal underwriting policies and procedures
• Identify and assess risk factors associated with loan applications
  

Essential Skills and Requirements

• Bachelors degree in any discipline
• 1 to 6 years of experience in mortgage processing or underwriting
• In-depth knowledge of mortgage industry regulations and practices
• Strong analytical and problem-solving skills
• High attention to detail and strong organizational skills
• Proficient with mortgage processing systems and financial tools
• Excellent verbal and written communication skills
• Ability to work under pressure and meet tight deadlines
• Understanding of credit reports and financial documents
• Certification in mortgage underwriting or related field is a plus