Total number of openings: 10
The National Underwriting Center (NUC) manages Client's loan-level quality assurance by reviewing loan files, analyzing and reporting on significant loan quality trends, and initiating necessary action's) to mitigate losses.
Review closed loans for eligibility with respect to Client s Selling Guide, DU Guide, and/or negotiated terms as defined by contracts with Client s lender partners
Perform risk analysis and make decision regarding deficiencies identified during the review process
Identify transaction components that indicate a potential for fraud and perform sufficient investigative work to resolve issues that are identified
Accurately record data and review conclusions in QAS (Quality Assurance System)
Professionally communicate the results of file reviews both verbally and in written format to internal and external customers
Maintain a sound knowledge of Client guidelines, DU guidelines, and risk assessment tools used to decision mortgage loans
Maintain a sound knowledge of secondary market activity, practices, and business/industry practices as they impact underwriting quality and origination activity
Undergraduate degree strongly preferred. Graduate degree in business, finance, accounting or related discipline preferred.
Prefer a minimum of 10 years of underwriting experience.
Understanding of traditional mortgage origination and underwriting practices
In-depth knowledge of Client s underwriting and quality control guidelines; Strong analytical, problem solving, and negotiation skills.
Effective written and verbal communication/presentation skills.
Intermediate user of MS Word and MS Excel, or comparable software packages
Strong organizational skills, teamwork, and results orientation
MANUAL UNDERWRITING EXP IS A MUST - 'AUS/DU' only Underwriters need not apply
Secondary Market Exp is ideal
Need to know Client and Freddie Mac guidelines
SUB-PRIME OR ALT A only Underwriters need not apply
Targeting contractors with strong manual underwriting skills and large company experience.
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