Position Summary:

Job Responsibilities:

• You will make independent credit decisions that commit us to $20-$30 million of lending every month.
• Review loans and issue an underwriting decision in compliance with the relevant Agency, Sun West and Investor guidelines.
• Analyze the credit-worthiness, collateral, accuracy of Total Scorecard (DU/LP).
• Exclusively authorized to downgrade a loan to a Manual Underwrite, when required.
• Remain current on all federal and state regulations.

Requirements:

• VA / LAPP REQUIRED
• MUST HAVE DE (CHUMS I.D).
• Be up-to-date with all relevant mortgagee letters, specifically ones released since 01/2008.
• Be actively underwriting FHA loans for the past 24 months.
• A minimum of 3 Yrs. experience in FHA and Conventional Underwriting.
• Knowledge of Investor Guidelines, Product Delivery, and AUS engines is required.
• Experienced with DU and LP preferred.
• Excellent verbal and written communication skills are necessary.
• Customer service and detail-oriented, responsible and accurate.
• Calculate income accurately (per FHA / VA / Agency Guidelines), including but not limited to reviewing Tax Returns and any accompanying Tax Schedules.
• Verify assets required to close the loan, including but not limited to trailing funds, gift-funds, etc.
• Calculate the loan amount accurately in case of Rate and Term Refinance, Streamline Refinance, etc.
• Read and interpret the HUD 1 and can spot deficiencies, if any.
• Be aware of the following laws/regulations and know how to apply the same:
  • Mortgage Disclosure Improvement Act (MDIA).
  • RESPA Reforms - Appraisal Independence and HVCC.
• Have good/excellent Computer skills including but not limited to Web Browser, E-mail, Adobe Acrobat ® (Create PDF / Split PDF, etc.), Microsoft Office, and Google Apps.
• Have a good/excellent Typing skill/speed.
• Able to meet company set production volumes.
• Able to work additional hours as required.