Senior Mortgage Underwriter

Company Description

SitusAMC is a leading independent provider of solutions across the commercial and residential real estate finance lifecycle, helping businesses achieve greater efficiency and adaptability. By partnering with top lenders and investors, SitusAMC offers services such as strategic outsourcing, advisory, talent, and technology solutions. The company is committed to supporting the origination, transaction, management, and valuation of real estate portfolios. With its innovative approach, SitusAMC has become a trusted name in the industry for delivering exceptional results.

Role Description

 Review and verify loan applications and support documentation.

 Analyse loan risk and request additional information as necessary.

 Ensure compliance with regulatory standards.

 Ensure compliance with company policies and guidelines.

 Determine and document loan conditions, communicate requirements, and/or decisions.

 Identify portfolio risks resulting from the client's underlying business practices.

 Document and effectively communicate reasons for the approval/rejection of loans.

 Such other activities as may be assigned by your manager.

Skill Set Required:

 Demonstrated understanding of mortgage guidelines and policies for VA, FHA, FNMA, FHLMC & USDA

 Analysis and Calculation of qualifying income from various tax documents such as 1040s, Schedule E, 1065, 1120, 1120S, K1, transcripts, etc.

 Analysis of Credit Reports and Bank Statements

 Experience with both AUS and manual underwriting methods including DU and LP.

 Working knowledge of running and reviewing third party loan-level Fraud Reports (Fraud Guard, Fraud Manager or DRIVE) would be preferred.

 Experience of working on Non-QM loans (Jumbo and Bank Statement Programs) in addition to AUS loans would be preferred.

 Working knowledge of industry recognized LOS such as Encompass, BytePro, Calyx, Empower or Lending QB.

Qualifications

 5+ years of recent US Mortgage underwriting front-line experience

 compliance review/ Disclosures Preparation/ Closing/ Doc Preparation and/or due diligence (post-close) experience in the residential mortgage industry

 Knowledge and familiarity with current mortgage policies/procedures, compliance laws and regulations—including TRID—and understanding of mortgage regulatory changes

 High producer with attention to quality

 Strong commitment to customer service and satisfaction

 Excellent time management skills

 Ability to work independently and to carry out assignments to completion within parameters of instructions given, prescribed routines, and standard accepted practices