Underwriter

1 day left

Employer
Loan Depot
Location
Columbia, MD
Posted
Jul 17, 2017
Closes
Jul 24, 2017
Function
Accountant, IT
Hours
Full Time
Underwriting . Columbia, Maryland Position at loanDepot General Purpose: Underwrite loans for successful transaction and sale. Essential Duties and Responsibilities: Underwrite Conventional, USDA and FHA loans within company, investor and industry guidelines. Maintain a current knowledge of loan programs. Analyze and issue credit decisions. Review and make informed decisions on financial statements, credit reports and applicable ratios (ie DTI and LTV). Evaluate/examine transactions to ensure accuracy and completeness. Ensure documents are consistent and Identify red flags on documentation. Assist with restructuring of loans based on lending guidelines. Gather information from agency material to make appropriate decisions. Assign and sign off on appropriate loan conditions. Assist Processing Department with problematic files to expedite submissions. Effectively be able to explain rationale behind credit decision to internal customers and/or auditors. Analyze risk appropriately by assessing property information including; purchase contract, escrow instructions, and preliminary title report. Answers program guideline and borrower qualification questions from loan consultants and processors. Communicate effectively with internal staff to maintain high level of customer service. Proficient in DU (Desktop Underwriter) and LP (Loan Prospector) Programs. Learn how to underwrite VA loans and acquire SARS certification. Calculate income from salary, self-employed and corporate W2s. Able to complete 4 - 6 loans per day. Adhere to department turnaround standard of 24 - 48 hours. Perform other related duties as assigned and required. Education and/or Experience/Licenses and/or Certificates: High school diploma or general education degree (GED ) 4 or more years of successful professional experience within the mortgage lending industry preferred. 1 -3 years of successful Conventional underwriting required. Valid and current FHA Direct Endorsement (DE) and VA certification perferred. Proficiency in DU (Desktop Underwriter) and LP (Loan Prospector) Programs PI98689638