Mortgage Loan Underwriter - To 70K - Phoenix, AZ - Job # 2268
The Symicor Group, United States
Job Description
Our bank client is seeking to fill a Mortgage Loan Underwriter role located in the Phoenix, AZ market. The successful candidate will review and evaluate information on mortgage loan documents to determine if the buyer, property, and loan conditions meet government standards.
This position comes with a generous salary of up to $70K and full benefits package. (This is a partially remote position in the state of Arizona).
Mortgage Loan Underwriter responsibilities include:
- Evaluating the entire credit package and collateral to ensure the position of a quality loan product.
- Approving or denying mortgage loans based on guidelines by performing the following duties.
- Confirming the accuracy of all income, indebtedness, ratios, loan-to-value, and any other calculations necessary in determining the final decision.
- Recommending loan to Mortgage Manager if the loan amount exceeds the authorized lending authority.
- Evaluating acceptability of loans to corporations that buy real estate loans on secondary mortgage markets, where existing mortgages are bought and sold by investors.
- Working closely with processing, closing, funding, and quality assurance to ensure the member is receiving a product that will be beneficial to the member.
- Clearing credit and property conditions placed on loan as required.
- Reviewing flood certifications and compares to appraisal.
- Recording loan rejections, specifying investor guidelines and basis for the declining application, such as insufficient cash reserves.
- Assembling documents in loan files, including acceptance or denial, and returns files to originating mortgage loan officer.
- Maintaining underwriting activity logs and provides weekly or monthly underwriting reports to Mortgage Lending Manager.
- Providing critical support to both processing and sales staff regarding loan guidelines, placement, and possible scenarios.
- Communicating to management associate issues that may require additional training or management intervention.
Requirements
Who Are You?You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.
You also bring the following skills and experience:
- Associate degree or specialized course of study or certification.
- Five or more years of underwriting experience with knowledge of FNMA/FHLMC guidelines.
- Knowledge of Fannie and Freddie mortgage loans.
- Ensuring compliance with applicable policies, laws, and regulations, including the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) compliance, USA Patriot Act, and Office of Foreign Assets Control (OFAC).
- Strong analytical ability with effective written and verbal communication skills required.
- Efficient use of Outlook, Word, and Excel applications.
- Excellent interpersonal skills.
Benefits
This position comes with a generous salary of up to $70K and full benefits package. (This is a partially remote position in the state of Arizona).