Senior Loan Processor - Jr. Underwriter

CrossCountry Mortgage, Inc.
Upper Marlboro, MD
May 03, 2018
May 21, 2018
Accountant, IT
Full Time
The Junior Underwriter will be responsible for examining loan documentation for accuracy and completeness, working with originators to secure all required documents and other activities as assigned by performing the following duties. Responsibilities:Assist Underwriters on reviewing new loan files to ensure loan meets agency and program criteria with a minimum standard.Assist Underwriters on reviewing transmittal & Form 1003 to make sure it is accurate and complete, compare to findings to verify that all information matches.Assist Underwriters on reviewing credit reports and compare to liabilities on Form 1003Assist Underwriters on verifying the investor guidelines for outstanding derogatory items and requirement payment or satisfaction if needed. Request updated mortgage history if needed.Assist Underwriters on calculating income using documentation required per agency, questioning any substantial changes in income.Assist Underwriters on reviewing assets statements to compare to required assets. Require documentation and source for any recent large deposits.Assist Underwriters on review title to verify borrower has ownership on a refinance transaction and that the seller has ownership for purchase transactionCheck that chain of title meets investor requirementsAssist Underwriters on Verifying there are no unpaid liens or judgments and that all mortgage liens are paid off through the transactionCompare tax figures to Form 1003Assist Underwriters on review appraisal to ensure the value is supported and that the appraiser has provided complete accurate appraisalOrder value review on loans considered high-riskAssist Underwriters on reviewing file to make sure that it complies with applicable regulatory, state and federal requirementsAssist Underwriters on Calculating net tangible benefit for states that require this testAssist Underwriters on Verifying the rate lock matches the underwriting file with the correct program, loan-to-value, credit score and pre-payment penaltyAssist Underwriters on Reviewing final conditions turned in for Underwriting Final Approval within 24 hours.Maintain current and fluid knowledge of investor and agency guidelinesAssist Underwriters on Approving loan with proper documentation or recommend further action.Provide feedback to managers regarding effectiveness and success of training programs.Assist underwriting on uploading documentation to 3rd parties-including Agencies-USDA, VA, PMI Companies, and/or Correspondents.Assist managing underwriter's pipelines-UW Active Pipeline, Action Recommendation, Suspend, Counteroffer.Any other duties as assigned. Required Qualifications:Bachelor's degree, or equivalent combination of education and experienceA minimum of 3 years of recent mortgage processing/underwriting experience.Strong working knowledge of ATR/QM requirementsEncompass LOS experience a plusStrong computer skills; proficient in Microsoft Word, Excel and OutlookKnowledge of compliance and disclosure requirementsThis job description is intended to convey information essential to understanding the scope of the job and the general nature and level of work performed by job holders within this job. However, this job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities or working conditions associated with the position.CrossCountry Mortgage, Inc. (NMLS3029) is an Equal Opportunity Employer committed to workforce diversity. Qualified applicants will receive consideration without regard to race, religion, creed, color, orientation, gender, age, national origin, veteran status, disability status, marital status, sexual orientation, gender identity, or gender expression.IND123*CB**

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