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Underwriter -

Location: Boca Raton
Posted on: September 17, 2022

Job Description:

Dynamic company looking for Underwriters with origination experience.



ALL of the following for a minimum of 36 months, within the past 5 years


- Review Income Documentation and Calculate to ensure ratios are acceptable per guideline requirements.


- Program identification and ensuring that the corresponding guidelines are adhered to.


- Validation of all supporting documentation submitted to underwriting including credit, title, appraisal, income, assets, and insurance


- Experience reviewing complex financial documents including computing income utilizing tax returns (tax analysis of Schedule C, S-Corp, Partnership, etc.)


- Perform in-depth analysis of credit report to ensure all liabilities are accounted for and appear on the 1003 per guideline requirements and to


- Perform in-depth analysis of credit report to ensure any name and/or address variations are captured and Letters of Explanation are conditioned for as needed per guideline requirements


- Perform in-depth analysis of assets to ensure all necessary documentation is received and recorded per guideline requirements


- Complete in-depth review of Appraisal; conditioning for any needed items per guideline requirements


- Perform in-depth research to document critical credit documentation is accurate (income, employment, occupancy, credit, assets, valuation, contract, HUD-1, interested party involvement)


- Review of the title for accuracy and red flags


- Calculation of DTI, income, assets, and LTV/CLTV


- Complete Excel Generated 1008 with Income/Asset/Debt information


- Re-Run loan through AUS and review to capture any new conditions, requirements or approval changes based on updated findings. Authority to approve AUS conditions.


- Validating the AUS (Clues, Clout, LP, DU) decision including the review of AUS to identify errors or additional conditions that may be required


- Review ?refer? loans/conditions for recommendations


- Review for possible misrepresentation, omissions, inaccuracies and red flags


- Review and decision loans based on guidelines without the presence of an AUS approval to assess an individual's creditworthiness


- Final Approve, Suspend or Approve Loan with Conditions based on file review and updated AUS findings using auto generated and free form conditions as needed


- Sign off authority for conditions related to calculation of income, assets, collateral, and credit


- Complete 3 initial underwrites per day, making any applicable changes, notes, and inputs in client's Loan Operating System (LOS)


- Clear conditions in Client's LOS as they are received from client


- Handle incoming calls and contact with Correspondents and other contacts in a polite and professional demeanor



The Successful Qualities (you really need)


- Current Credit Guideline Knowledge


- Current or Recent Underwriting experience (within past 3 years)


- Proficient in automated underwriting tools


- Detail Oriented


- Basic Computer Knowledge required in Excel, Word and Outlook


- Experience with Government Loans (FHA, VA, etc.)


- Able to work well within designated time frames for completion of work


- Must be flexible and able to work in a fast paced environment


We are an equal employment opportunity employer and will consider all qualified candidates without regard to disability or protected veteran status.

Keywords: , Boca Raton , Underwriter -, PR / Public Relations , Boca Raton, Florida

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