What are the responsibilities and job description for the Mortgage Underwriter position at Equity Resources, Inc?
Description
POSITION SUMMARY:
The primary functions of the Underwriter are to approve saleable loans with the information provided by the next day; underwrite all loans under FNMA, FHLMC, and FHA (may include USDA & VA) loan programs and maintain knowledge of investor programs and overlays and communicate any changes to staff.
Specific duties may include, but are not limited to:
- making underwriting decisions on loans based on quality assurance and risk taking into consideration the 4 C’s of Underwriting: Capacity, Credit, Collateral, and Cash;
- maintaining a zero-tolerance policy for fraud;
- providing high quality service to all Mortgage Specialists;
- providing 24 hour turn times on all files submitted;
- maintaining knowledge of investor overlays;
- maintaining in depth knowledge of all loan programs covered under FNMA, FHLMC, and FHA; preferably including USDA & VA loan programs;
- analyzing and reporting on loan quality issues and monitor corrective actions;
- provide timely updates to Mortgage Specialists with all underwriting changes pertinent to them;
- follow the high standards of ethics of Equity Resources, Inc. in making decisions;
- adapting to changing circumstances and adjusting daily priorities as needed; and
- maintaining a high level of confidentiality at all times.
Requirements
- Bachelor’s Degree in Business, Finance, or related field preferred (or equivalent combination of Education and experience); minimum HS diploma or equivalent.
- External candidates must have a minimum of 2 years’ DE Underwriting experience with conventional and FHA loans; USDA/VA experience a plus.
- Demonstrated proficiency with computer systems and software programs including Microsoft Word, Excel, and Outlook required; experience with electronic mortgage processing systems required (Encompass preferred).
- Strong written and verbal communication skills
- Ability to read and comprehend complicated instructions, short correspondence, memos and to use good grammar.
- Ability to think independently and solve issues and problems without intervention.
- Ability to effectively communicate to co-workers and all outside vendors and lenders.
- Ability to apply common sense understanding to carry out detailed written or oral instructions.
- Ability to handle high stress and manage the need for overtime based on work load per day.
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is frequently required to sit; talk; and hear as well as use hands to manipulate keyboard. The employee is occasionally required to stand; walk; reach with hands and arms; and stoop; kneel; or crouch. Specific vision abilities required by this job include close vision, distance vision, and depth perception.
Office Hours: 40 hour work week plus overtime as necessary.
Generally, Monday through Friday 8:30 a.m. through 5:00 p.m.
Position can be remote, hybrid, or in-office. Candidates local to Newark, OH would be asked to work a hybrid schedule.
Equity Resources is an equal opportunity employer. It does not discriminate against applicants or employees on the basis of race, color, religion, creed, national origin, ancestry, disability that can be reasonably accommodated without undue hardship, sex, sexual orientation, gender identity, age, citizenship, marital or veteran status, or any other legally protected status.
