What are the responsibilities and job description for the Conventional and Non-QM Underwriter position at SummitHR?
Key responsibilities include but are not limited to:
- Underwrite mortgage loan files for agency compliance and investor guidelines
- Verify and analyze all necessary financial information and documentation; ensure that loan files contain all necessary credit and legal documents.
- Approve or approve with conditions loan submission after careful consideration and explore possible alternatives before resorting to a suspense or denial.
- Assess the risk to the company and our investors to ensure salability of the loan after closing
- Perform thorough analysis of applicant's income and expense data, asset documentation, credit reports, and property valuations in order to affirm borrower qualifies for loan.
- 5 years of experience underwriting FNMA, FHLMC, and Non-Conforming mortgages is a plus
- Re-reviewing files, signing off on conditions, and moving files to clear to close
- Work closely with operations staff while identifying opportunities to mentor and coach them increasing their knowledge and efficiency
