Due Diligence Underwriter

Description:

About CBC Mortgage Agency

Voted as one of the top 20 places to work in Utah, and winner of Best Communication in the State of Utah. CBC Mortgage Agency (CBCMA) focuses on personal and professional development as the core value of the Company that has established a record of success and growth. Take your career to the next level in a comfortable workplace with an environment that encourages networking and team socializing. As well as great perks and benefits the position offers competitive wages, depending on experience, as well as full benefits, including medical, dental, and vision insurance coverage, short- and long-term disability, and a 401(k) plan retirement investment. In addition to these great benefits, we offer 10 company holidays a year and paid time off (PTO). If this is the opportunity that you’ve been waiting for, apply today!

ABOUT CEDAR BAND CORPORATION

We are a federally chartered tribal corporation wholly owned by the Cedar Band of Paiutes. Deeply rooted in our rich history, we provide industry-leading military and government contractor services, including construction management, technology, telecommunications, and staffing solutions, as well as mortgage industry, convenience store, and beverage distribution services to federal agencies and commercial industries. From our modest beginnings as a single IT company with one contract, we have grown to ten branded companies across the nation.

Headquartered in Cedar City, Utah, with regional offices and project sites in South Jordan, UT; Tooele, UT; Seattle, WA; Huntsville, AL; Fort Lee, VA; and Tobyhanna, PA, we employ over 100 employees, who are all committed to our vision to be an industry leader as a tribally-owned business that provides world-class service. In order to attract and retain this caliber of employees, we offer competitive compensation, excellent benefits, and a dynamic work environment based on open communication and honesty.

Summary/Objective

The Due Diligence Team is responsible for overseeing the due diligence audit review for the company’s correspondent channel and may also perform limited frontline underwriting under our retail and wholesale loan origination channels. The due diligence function serves as an audit review of correspondent submitted 1st and 2nd mortgage loans and investor conditions pre and post close including the subsequent follow up to clear conditions for purchase. The review includes multi-state, Conventional and FHA Correspondent loan packages for both purchases and refinance transactions.

Essential Functions

Reasonable accommodations may be made to enable individuals with disabilities to perform the

essential functions.

• Review credit, income, assets, collateral documentation per investor guidelines and CBCMA overlays for compliance with investor and Agency guidelines and may include review and determination of the validity of third-party audit conditions.
• Duties include:

• Utilizing internal checklists on Company’s proprietary system for the completion of audit reviews based on product type
• Ability to perform a minimum of 5 audit reviews a day according to Company’s defined audit review checklist
• Respond timely to clients in a clear, customer-centric manner
• Review and respond to documents uploaded to clear conditions
• Provide responses and support to Purchase Clearing team on validity of underwriting findings (3rd party due diligence and investor findings)
• Calculate income using traditional and non-traditional documentation to determine DTI ratios, and residual income figure when applicable
• Provide exceptional customer service to internal and external partners when trying to provide guidance on open conditions
• Other duties as may be assigned

Requirements:

Competencies

• Must have strong risk-based decision making and analytical skills.
• Requires strong, concise, and effective communication skills to support internal and external customer service needs.
• Must be detail orientated, organized, and work efficiently to promote timely pipeline management and accurate results.
• Professional attitude and appearance.
• Strong customer service skills.
• Effective interpersonal skills.
• Ability to be resourceful and proactive when issues arise.
• Excellent organizational skills.
• Excellent verbal communication skills.
• Excellent interpersonal and customer service skills.
• Basic understanding of administrative and clerical procedures and systems.
• Proficient with Microsoft Office Suite.

Work Environment

This position can be remote or CBCMA onsite location. Remote employees are required to be readily

available by telephone and video conference during normal business hours.

Physical Requirements:

• Prolonged periods of sitting at a desk.
• Must be able to lift up to 15 pounds at times.

Position Type/Expected Hours of Work

This is a full-time position, hours of work and days are Monday through Friday, 8 a.m. to 5 p.m. with

occasional evenings as job duties demand.

Travel

No travel expected.

Preferred Education and Experience

• High School Degree/GED.
• Minimum 2-years of position-related experience, preferably in mortgage with processing, post-close or Jr. underwriting.
• Must have knowledge of FNMA, FHA, and VA product guidelines.

Additional Eligibility Qualifications
None.

Work Authorization/Security Clearance

Must be authorized to legally work within the United States of America.

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.