Mortgage Lending Underwriter Job at Valon Mortgage

Job Description

The Mortgage Underwriter will be responsible for, but not limited to, the underwriting of residential loans through post-closing sale/insurance, ensuring compliance with appropriate company and investor guidelines. A Mortgage Underwriter will be responsible for examining loan documentation for accuracy and completeness while working with loan originators, processors, or production staff to secure all required documents. Valon currently originates conventional and FHA loans, and underwriters can expect to be involved in both programs, with the possibility of additional programs being added in the future. You may be required to work with more senior mortgage underwriters or the underwriting manager on loan exceptions, having the authority to withdraw and decline loans.

Job Responsibility

Analyze borrowers' credit, income, assets, collateral, and capacity to ensure creditworthiness
Review complex tax returns and income calculations
Review loans, mentor, and train new hires
Maintain a working knowledge of secondary market underwriting guidelines, private investor, and private mortgage insurance guidelines
Review new loans and clear conditions on resubmissions within SLA
Respond to audits and perform quality control reviews on mortgage files
Maintain a focus on enhancing customer service skills and knowledge
Ensure KPIs are met as set forth by the underwriting manager
Maintain the quality and data integrity of all loan files
Able to comply with the policies and procedures outlined in the Company Handbook
Ability to multitask in a high-volume environment
Continuous focus on the customer experience
Ability to work independently
Strong attention to detail and effective problem-solving skills
Other duties as assigned

Requirements

5+ years of conventional mortgage underwriting experience
3+ years of FHA DE underwriting experience (TOTAL Scorecard and Manual)
3+ years of using Encompass LOS (ICE Technology/EllieMae)
Deep knowledge of Fannie Mae/DU, Freddie Mac/LPA, and FHA guidelines and automated underwriting systems
Ability to critically examine credit, income, assets, title, and appraisals for adherence to company, investor, and GSE underwriting guidelines
Understanding of relevant mortgage industry federal regulation, including RESPA, TILA, ECOA, TRID, CFPB, etc.
Minimum education requirement: High school diploma or GED equivalent required

Nice to have

10+ years of mortgage underwriting experience
5+ years of FHA DE experience
Bachelor’s degree or equivalent work experience
Strong communicator with excellent writing skills
High integrity with strong ethical values
Team player with the ability to work effectively with a variety of team members

What we offer

competitive salary and 401 (k) plan
comprehensive medical, dental, & vision benefits
in-office snacks and drinks, and Bagel Fridays
pre-tax deductions for public transportation, rideshare services, and parking expenses
Company-wide orientation and other learning & development opportunities
17 days paid time off, sick days, and 11 company holidays
12 weeks off for both birthing and non-birthing parents - fully paid

Valon Mortgage - All Job Offers

Select Country

Mortgage Lending Underwriter

Job Description

Job Responsibility

Requirements

Nice to have

What we offer

Looking for more opportunities?

Mortgage Lending Underwriter

Mortgage Underwriter

Mortgage Underwriter

Mortgage Underwriter

Mortgage Underwriter

Mortgage Underwriter

Mortgage Underwriter

Mortgage Retail Sales Consultant (SAFE)

Community Mortgage Bank Sales Consultant (SAFE)

Our AI answers in your language