Underwriter QA

Position Overview: - JD

The Mortgage Underwriter QA will be responsible for Auditing all Files underwritten by Onshore Underwriters while maintaining

good reporting and providing regular Feedback to UW. Candidates must possess a strong sense of urgency with an ability to work

in a team environment, maintaining excellent organizational, communication, and PC skills. Candidate must be able to Ensure

that Audit Timelines are met and files are turned around in a timely manner.

Essential Job Functions:

 Underwrites Conventional, FHA and VA loans

 Perform complete and in-depth review of mortgage loan files including; income, assets, credit and collateral in accordance

with Fannie Mae selling guidelines and Lender overlays

 Well worst with Self-employment Cash-flow and Income Analysis, Read business tax returns 1120s, 1065 and K1

 Calculate Loan-To-Value/CLTV, Debt-To-Income and housing ratios

 Evaluate and ensure overall loan documents are accurate, complete, and compliant with Investor guidelines

 Risk Analysis, Identify red flags and note the file with all required conditions

 Independently manage active files, including the conditions clearing and act as a contact point for Processors and Loan

Officers in understanding of policies and procedures, and QC Audit issues

 Utilize client’s loan operating system to ensure accurate data entry

 Maintain current knowledge of client and investor requirements adaptable to changing updates and ensure loans are

underwritten accordingly

 Obtain approvals from Mortgage Insurers and Investors by forwarding the terms based on their requirements, also seek Second

Level Reviews with Risk Managers

 Opening the appropriate tasks in case of Approvals, Denials, Counter offers and Out of scopes

 Review and approve conditions for compliance and completion of loan file

 Possess thorough knowledge of underwriting and to be detail oriented with excellent research and decision-making ability

under deadline pressure to achieve Quality SLA

Requirements:

 3+ years of Mortgage Underwriting experience

 Knowledge of UW Fannie Mae & Freddie Mac Guidelines requirements

 Expertise in Income calculation. Cash flow analysis, etc

 Proficient in review of credit report, Appraisal report, Income documents, Title commitment, Assets & Liability docs

 Must maintain the highest standard of attention to detail

 Good computer/technical knowledge-paperless environment

 Excellent Analytical and communication skills

 Candidates must be Able to work a rotational schedule encompassing the hours of 8 to 8 in a 40 hour work week; this will

involve several days a week working an 11-8 schedule, according to a preset schedule