Mortgage Underwriter Indianapolis IN

Mortgage Underwriter

Ampcus Inc
Indianapolis IN
Job Type: Full Time
Posting Date: 7/31/2020

Job Role Process Lead -Underwriter Location Atlanta, GA Duration Fulltime Qualifications The Underwriter will review all loan documents and data in a loan file with the goal of rendering an Underwriting decision based on the loan characteristics including but not limited to Borrowerrsquos ability to repay (income, employment and assets), borrowerrsquos credit history and the collateral (property). UWrsquos are granted Lending Authority based on their experience and their performance on initial test cases. Once Lending Authority is received, they underwrite loans in accordance with regulatory requirements, Investor guidelines and Truist overlays. Underwriter responsibilities include but are not limited to the following Some responsibilities will include The ideal candidate will have over Three to Four years of experience independently underwriting residential mortgage loans, expert analytical skills with DU LP experience Underwrites mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk or loss. Responsible for ensuring all documentation meets program and AUS requirements Reviews and validates income and asset documentation Reviews AUS findings Issues underwriting decision and notifications of clear to close Reviews all credit documentation Reviews and approves all Trusts Ensure adherence to any client overlays Mortgage Insurance certs Issues Denials and 2nd tier manager reviews Suspend file if credit decisions are unable to be rendered Typically reports to a supervisor or manager. Qualifications Basic High School Diploma or GED equivalent At least 4 years of relevant work experience Preferred May require a bachelor's degree in area of specialty and 0-2 years of experience in the field or in a related area Familiar with standard mortgage concepts, practices, and procedures within a particular field. Should have working knowledge with any Mortgage loan origination application. Preferably, BKFS application ndash Empower, MSP Relies on limited experience and judgment to plan and accomplish goals Performs a variety of tasks. Excellent mathematical and statistical aptitude. A certain degree of creativity and latitude as expected