Single Family Underwriter

Description:

The Single-Family Underwriter assists with the success of the Agency’s Single-Family programs. Primary responsibilities include mortgage underwriting and analysis, review of loan closing documents and communication with the lender network for all Single-Family Programs.

Requirements:

ESSENTIAL DUTIES & RESPONSIBILITIES:

• Perform underwriting file review and evaluate loan to determine compliance with Agency/Investor guidelines to include data validation, appropriate calculations of income, assets, debt to income, loan to values, review of credit report and collateral/appraisals.
• Determine and communicate underwriting decision to the appropriate individuals
• Clearly communicate with lenders regularly regarding status and items that are outstanding and assist in addressing questions
• Evaluate and approve loan conditions
• Interface with loan reservation system, inclusive of ensuring accuracy of data, dispositioning approved loans to “Underwriter Certified” and monitoring third party document deficiencies, etc.
• Review closing documents for each loan and/or MCC to ensure accuracy prior to closing
• Review funding/wire requests for down payment assistance loans prior to submission to the Financial Management Department
• Assist with clearing post-closing deficiencies required to be cleared for loans to be purchased
• Represent the Agency at homeownership events and promote Single Family Programs
• Perform other duties as required

KNOWLEDGE AND QUALIFICATIONS:

• Bachelor’s Degree in business or finance or equivalent years of experience is required
• 3 -5 years’ experience of mortgage underwriting of FHA, VA, Freddie Mac and Fannie Mae loan products, knowledge of bond programs a plus
• Understanding of mortgage concepts, practices and procedures
• Ability to analyze and evaluate complex financial and asset statements, personal and business income tax returns
• Demonstrate excellent organizational skills
• Ability to pay strong attention to detail
• Must be able to successfully and autonomously manage projects of a varied and complex nature
• Must possess strong working knowledge of all aspects of Microsoft Office Suite, specifically Excel
• Excellent communication skills both verbal and written
• Ability to work proactively and operate accurately and efficiently in a fast-paced environment with variable deadlines

OTHER CHARACTERISTICS:

• Ability to work proactively and operate accurately and efficiently in a fast-paced environment with variable deadlines
• Maintain high ethical standards of integrity and quality