What are the responsibilities and job description for the Underwriter position at Directions Home Loan?
This position is responsible for underwriting duties associated with Directions Equity, dba Directions Home Loan in accordance with all bank, investor, and regulatory requirements
Core duties and responsibilities include the following:
- Underwrite Conventional, FHA, USDA and VA residential loans ensuring they comply with FNMA, FHLMC, Investor and Government agency guidelines
- Analyze employment profile, credit worthiness, asset documentation and other pertinent information
- Analyze property characteristics and all other information pertinent to credit and property decision
- Respond to product questions and scenarios with suitable answers
- Ensure compliance with underwriter standards
- Assist in training new underwriters
- Provide prompt and quality customer service to both internally and externally by explaining credit decision and offering alternative options when necessary
- Maintains quality, and production standards
- Adheres to set turnaround times for reviewing new submissions as well as resubmissions.
- Other duties as assigned
EDUCATION AND/OR EXPERIENCE
- Bachelor’s Degree in business, banking, or finance
- 2-5 years of recent underwriting experience in the mortgage industry.
- Proficiency in conventional, FHA and VA loans; experience with CHFA, USDA and 203k is a plus
- Basic understanding of underwriting requirements, governmental and agency requirements, terminology, and automated processing systems
- Computer proficiency, particularly with Microsoft Office Suite
- Experience with mortgage software, such as Calyx Point, Encompass, Data Track or Empower
- DE, CHUMS, VA/SAR Required