Underwriter (Loan Credit Advisor)

Freedom Mortgage
Arlington, VA
Oct 14, 2019
Oct 19, 2019
Accountant, IT
Full Time
Please Note: This is an on-site (not remote) opportunity and will work from our Arlington, VA office. Shift: 10:00 am - 7:00 pm The Loan Credit Advisor/Underwriter is responsible for reviewing loan applications in conjunction with Credit, Income, and Asset documentation to determine if loan is to be submitted to Call Center Operations. This position is responsible for performing duties such as calculating income, analyzing loan applications, assessing creditworthiness and the likelihood that a loan applicant will be able to repay the debt and analyzing the AUS /Guidelines as they pertain to the loan product. Will work alongside sales, providing guidance to Loan Advisors to ensure that the borrower is being put into the product that provides the most benefit given their individual profile. Product knowledge must include: expertise in processing and underwriting VA, FHA, Conventional and Non-QM loans. Job Functions may include: Co-Located within Sales . Works directly with Loan Advisor to provide clear direction as to what is needed from the borrower in order to have a completed loan application. Requests and reviews the appropriated credit, income and asset documentation, and reviews alongside the application for data integrity. Calculates income in accordance to agency/investor guidelines for all income sources. Reviews and updates liabilities in accordance to agency/investor guidelines. Creates a needs list to be distributed to sales, operations and borrowers, detailing the items required for processing of loan. Runs the corrected/completed loan terms thru the appropriate Automated Underwriting engine, recognizing when a manual downgrade is required .STIPS file. Recommends denial status for loans not meeting minimum standards. Works directly with Loan Advisor in re-structuring loans as necessary after documentation has been analyzed. This will include but not be limited to proposal to pay off additional debt and/or proposing new loan product(s). Provides feedback and training to Loan Advisor. Train employees involved in the process how to handle all products. Assigns file to self and reviews CIA info to confirm no issues. Sets PGR Trk item to be completed in Lakewood. Authorizes loan to be sent to Processor. Qualifications: To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job. Ability to work flexible hours as needed. Ability to function in an ever changing team environment. Demonstrate strong interpersonal, organizational, and time management skills. Ability to solve problems. MS Office proficient. Excellent customer service skills with strong attention to detail. Requires good analytical and math skills, strong oral and written communication skills, and outstanding computer skills. Education and/or Experience: High school diploma or general education degree (GED) required; Bachelor's degree preferred. 5 years related work experience in residential mortgage lending processing with underwriting experience. Current Mortgage Loan Processing knowledge. #CB Freedom Mortgage is a privately held, full-service residential mortgage lender licensed in all 50 states, Washington DC, Puerto Rico and the Virgin Islands. We are one of the largest and fastest-growing privately held mortgage companies in the country, as well as a top 5 residential lender in the USA. Freedom Mortgage currently services more than 225 billion dollars in loans. And we are continuing to grow! Freedom Mortgage is proud to be recognized by Inc. Magazine's, Inc. 5000 rankings for the fastest growing private firms in the nation for six consecutive years (2013-2018). Freedom Mortgage has over 4000 employees and offices nationwide. Locations include suburban Philadelphia (we have multiple sites in Southern New Jersey) and Fishers, IN, two regions where we were named Top Workplaces (The Indianapolis Star named Freedom Mortgage at Top Workplace four years in a row). We also have large operating centers in Melville, NY; Jacksonville, FL; San Dimas, CA; and Tempe, AZ; and Columbia, MD Freedom Mortgage team members enjoy our total rewards program, including excellent benefits, perks, business casual dress, rewards programs, training, development and career opportunities. Community spirit is one of our shared values and Team Freedom Cares is our philanthropic arm helping us get involved in the communities in which we operate. Learn more about us and apply! Freedom Mortgage Corporation is an Equal Opportunity Employer committed to workforce diversity. Qualified applicants will receive consideration without regard to age, race, color, religion, gender, sexual orientation, national origin, or their status as a protected veteran or an individual with disabilities. Local applicants encouraged to apply. Employment contingent upon successful completion of background investigation. Smoke-free workplace. Drug-free work environment. Excellent benefits package including medical, dental, vision and 401(k). All resumes are held in confidence. Only candidates whose profiles closely match requirements will be contacted during this search. LENDER NMLS ID:2767 Equal Opportunity Employer- Minorities/Females/Disabled/Veterans