Remote DE Mortgage Underwriter

A bit about us:Founded in Texas in 1998 we set the gold standard for mortgage banking excellence.From prequalification through and after closing, our experienced team of professionals is dedicated to providing you with a smooth and successful home purchase transaction. An equal housing lender, able to proudly serve our diverse community with an equally diverse range of residential mortgage products including VA FHA Conventional for primary, secondary and investment properties Nonconforming - Jumbo Refinances - Rate & Term, Cash-Out and VA IRRRL "Out of the Box" portfolio productsWe are experts at matching our clients with the loan program that best suits their individual needs. Your mortgage transaction is handled entirely in-house by employees who live and work in the communities we serve.Why join us?Our customers are not just loan numbers and service is not just part of our name. We are wholly committed to a performance standard of personal, quality service from the moment you begin to search for your dream home until the keys are in your hand.Job DetailsThe Underwriter is responsible for validating income, asset and collateral documents including self-employed tax returns. The Underwriter may be involved in one or several types of mortgage lending (conventional, government-backed, etc.). Lending authority to include conventional, government, and jumbo loan programs. Excellent phone and communication skills and a value of providing superior customer service to internal and external customers required.POSITION REQUIREMENTSEssential Responsibilities: Evaluates loan applications for risks and various criteria such as investor requirements, accuracy, consistency and completeness Review new loan files to ensure loan meets investor and program criteria. Minimum standard of 15-20 loans per month and a turn time of 24 hours required Review transmittal & 1003 to make sure it is accurate and complete, compare to findings to verify that all information matches Review credit report and compare to liabilities on 1003. Verify the investor guidelines for outstanding derogatory items and requirement payment or satisfaction if needed. Request updated mortgage history if needed Calculate income using documentation required per investor, questioning any large changes in income Review assets statements to compare to required assets. Require documentation and source for any recent large deposits Review title to verify our borrower has ownership on a refinance transaction and that the seller has ownership for purchase transaction. Check that chain of title meets investor requirements. Verify there are no unpaid liens or judgement and that all mortgage liens being paid off through the transaction. Compare tax figures to 1003 Review appraisal to ensure the value is supported and that the appraiser has provided complete accurate appraisal. Order value review on loans considered high risk Review file to make sure compliance has been met; regulatory, state compliance and federal (patriot act) Calculate net tangible benefit for those states that require this test Verify that the rate lock matches the underwriting file with the correct program, LTV, credit score and pre-payment penalty Review final conditions turned in for Underwriting Final Approval within 24 hours Review a minimum number of files per day of 6-8, to include new submissions, re-submissions & final conditions Maintain current and fluid knowledge of investor and agency guidelines Approves loan with proper documentation or recommends further action Communicates effectively and engages proactively with loan originators, processors, branch managers, funders and post-closers in regards to loan decisions, assignment of loan conditions, investor guidelines/documentation requirements and possible loan scenarios Applies knowledge of underwriting and pre-underwriting to best serve loan applicant and investor needs Performs other related duties as assignedJob Requirements: Bachelor's Degree or equivalent combination of education and experience 5+ years of recent Mortgage Underwriting Experience (FHA, VA and Conventional) with strong agency guideline knowledge DE, SAR and LAPP certifications are a plus Strong working knowledge of ATR/QM Requirements Encompass LOS experience is a plus Ability to work in a fast paced, fluid environment and be held to minimum production standards High integrity and outstanding work ethic required Strong computer skills; proficient in Microsoft Word, Excel and Outlook Must have proficient written and verbal communication skills Knowledge of compliance and disclosure requirements Knowledge of closing, post-closing & quality control responsibilitiesJob Type: Full-timePay: $26.00 - $46.00 per hourBenefits: 401(k) 401(k) matching Dental insurance Disability insurance Flexible spending account Health insurance Life insurance Vision insuranceSchedule: Monday to FridayEducation: Bachelor's (Preferred)Experience: Underwriting: 5 years (Preferred)Work Location: One locationWork Remotely: YES_OCCASIONALLY