Underwriter

Profile

Position Summary

Underwrites residential loans ensuring compliance with appropriate company, secondary market investor standards and all applicable laws. The Underwriter will be responsible for examining loan documentation for accuracy and completeness; is involved in one or several types of mortgage lending including but not limited to conventional, and FHA loans. Must be able to underwrite loans within the company and industry guidelines. The Underwriter will also be working with Loan Originators, Branch Managers and Processors to secure all required documents.

Primary Responsibilities

Underwrites Conventional, FHA, and Special Program loans to verify for completeness, accuracy, and compliance

Develops and maintains an up to date and sound knowledge of multiple loan product guidelines offered by the company, DU/LP guidelines, and risk assessment tools used to decision mortgage loans

Reworks loans to new terms, identifies additional conditions as needed to insure a viable credit decision

Reviews and evaluates borrower(s) profile including but not limited to all income documentation, tax returns, credit reports, preliminary report, judgments, bankruptcy documents and appraisals

Analyzes and calculates income documentation such as personal and business income statements and ensures all necessary documentation is requested to support final loan decisions

Exercises good judgment, conducts reasonableness tests and issues quality decisions

Determines accuracy and completeness of files; ensures processes are consistent

Demonstrates proficiency in automated underwriting systems (DU, LP)

Maintains a sound knowledge of secondary market activity, practices, and business/industry practices as they impact underwriting quality and origination activity

Maintains pre-established service level standard of decisions within a 48-hour time frame set by the company

Communicates regularly with sales team, processors and management

Assists in the preparation of repurchase responses and/or rebuttal reviews

Ability to function in an ever-changing environment and work across all business channels in Underwriting (Retail/CC/Wholesale) as needed

Qualifications

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.

Required:

High School Diploma or GED Required; BA or BS degree preferred

Minimum 3 years of current frontline mortgage Underwriting required

Appraisal review and tax return analysis skills required

Prior credit signing authority a plus

Experience with repurchase response and/or rebuttal review and response preparation

Secondary market experience a plus

Understanding of TILA, RESPA and Predatory Lending

Strong analytical and decision making/problem solving skills

Possess a keen eye for accuracy, attention to detail and ability to handle a high volume work load

Excellent interpersonal, organizational, prioritization and time management skills

Proficient in computers including LOS systems, Microsoft Office and Excel. Ability to adapt/ learn/utilize multiple software programs. Experience with paperless environment preferred.

Ability to type/use a keyboard with sufficient speed to meet job demands

Ability to deliver effective results and to meet deadlines with minimal supervision

Self-starter, adapt to a changing environment and have the ability to communicate and work well with Investors and co-workers

Possess clear, concise and effective written and oral communication skills

Professional demeanor in appearance, interpersonal relations, work ethic and attitude

Ability to read and comprehend instructions, correspondence, memos, and work place policies. Ability to analyze, interpret general business periodicals, professional journals, procedures and governmental regulations. Ability to write professional correspondences. Ability to write routine business reports. Ability to speak effectively with other employees and/or customers. Ability to present formal information in one-on-one and small group situations to customers, students, parents and/or other employees. Ability to present information and respond to questions from groups of administrators, managers, employees, customers and/or the general public.

Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

Ability to carry out detailed written and/or verbal instructions. Ability to solve problems involving concrete variables in standardized situations. Ability to define problems, collect data, establish facts, and draw valid conclusions.

Anticipates customer needs and regularly motivates or influences others to deliver customer service excellence. May troubleshoot highly sensitive or confidential issues. Personally ensures problem resolution. Identifies barriers to effective customer service and sets customer service standards. Establishes a customer feedback system and holds self-accountable for customer service excellence within the department.

ACTIVE CHUMS ID REQUIRED, DE required

RoundPoint’s Employee Value Proposition:

Grow. Make a difference. Have fun along the way.

Our mission is to serve our homeowners and all of their homeownership needs. We do this by embracing challenges, executing with excellence, and fostering a positive work culture that encourages personal and professional growth. We are on the fast track to becoming the premier marketplace for all things home, and the National Mortgage News and Best Companies Group just named us one of 2019's Best Mortgage Companies to Work For! Without a doubt, RoundPointers are what make this company a great place to work! That’s why we hire individuals who share our core values: Energy, Ethics, Execution, Everyone, and Earn it!

As a RoundPointer, we will empower you to innovate, provide meaningful solutions, set goals and crush them, play hard, and give back to the community! Our secret sauce is our mantra, All In. All Win. Together, we can achieve great things!

Physical Demands & Working Conditions

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job:

The employee is regularly required to talk or hear.

The employee is required to sit for extended periods of time and is occasionally required to stand and walk.

The employee must regularly use hands to finger, handle, or feel objects and is regularly required to reach with hands and arms; the employee may occasionally climb or balance, and stoop, kneel, crouch, or crawl.

The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds.

Specific vision abilities required by this job include close vision, distance vision, color vision, and ability to adjust focus.

The noise level in the work environment is usually quiet to moderate, and no extreme conditions are present.

Company info

RoundPoint Mortgage Servicing Corporation
Website : https://www.rpmservicing.com