US Mortgage Underwriter

Job Description

The Mortgage QC Underwriter is responsible for rendering QC on closed loan files. He has to check that credit decisions
on incoming applications consistent with underwriting policies, underwriting mortgage commitments, and verifying
supporting documentation as submitted by applicants.

• Analyze income & employment, credit strength, property appraisal, check over debt to income (DTI)
  and Loan to Value (LTV) and all other information pertinent to the credit decision process on each
  mortgage application, as presented by the applicant.
• Underwriter to validate that a prospective mortgagor’s loan application adheres to the lenders,
  Investors (Freddie or Fannie Mae’s) and guidelines of applicable government agencies to approve
  the loan.
• Analyzing the risk involved in approving a loan to determine whether or not it is acceptable to the
  lender.
• Mark errors for any deficiencies observed on the loan
• Verify accuracy of supporting employment documents, source of down payment/reserves, appraisal
  value and property title commitment received.
• Review of legal documents, if present, to ensure the accuracy & completeness.
• Identify the mortgage insurance requirement (MI) and follow the MI guidelines, if applicable.

Additional responsibilities for the Mortgage Underwriter include:

 Maintaining service level standards
 Assisting in new-hire trainings
 Perform internal Quality check, providing floor support and feedback to other staff
 Responding to all emails efficiently
 Adhering to all underwriting deadlines

Person Specification
Knowledge/Experience:
 Minimum 6-12 years of conventional mortgage underwriting/QA/QC experience
 Knowledge of full loan cycle (from beginning to end)
 Strong understanding of Desktop Underwriter (DU) and Loan Prospector (LP)
Competencies/Skills:
 Strong communication skills, verbal and written
 Strong analytical skills
 Demonstrated ability to resolve complicated issues as they arise
 Proven organizational skills and demonstrated ability to prioritize and multi-task
Skills. Able to work through multiple computer programs and multi-computer monitors
 Flexible (Willingness to work in night shift),
 Knowledge of MS Office
 Positive and flexible attitude
 Attention to detail
 Customer focused
 Good Team Player/Strong Interpersonal skills

Qualifications:
Essential: Graduates with as minimum of 24-36 months of US Mortgage Underwriting experience.
Desirable: Exposure to the FNMA and FHLMC guidelines would be an added advantage. Exposure and knowledge of
MI guidelines.