Address
Form of workReporting to the Regional Underwriting Manager of the company. You're also contributing to our success and our reputation as a leader in the Industry with your skills and expertise. For this you are appreciated, acknowledged, and rewarded.
We believe that if you hold on to great people, everyone wins. Just more proof that a career with Prospect Mortgage, isn't just a good idea. It's a smart move.
Underwriter III is responsible for underwriting salable and ethical loans Compliance with Investor Guidelines, Agency, FHA, VA. Signing authority up to agency loan limits Underwriting Underwrite ethical and salable loans o Evaluate risk and ensure quality of each loan o Conduct reasonableness tests at each step of the process of Exercise judgment about ratios and Guideline compliance in light of other off-setting circumstances o Identify loans for exceptions Work with Mortgage Banking and Secondary Markets to resolve Conditions o Approve loans or return file Determine other methods/documentation to meet Investor Guidelines o Establish Conditions to meet Investor Guidelines o Negotiate with Problem solving with Loan Officers o Analyze counter-offers for compliance and acceptability Monitor and track Conditions for compliance with Underwriter Guidelines o Monitor status of all Conditions o Order PMI o Clear Conditions that are within scope of job Determine accuracy and completeness of underwritten loans for compliance with specified Investor Guidelines o Review and evaluate credit packages o Review and evaluate appraisals o Review and evaluate Asset documentation o Review and evaluate condo-documentation Loan Officers Work with Loan Officers to restructure a problematic loan o Recommend alternative products/Investors Develop and maintain relationships with Loan Officers and Processing Teams Respond promptly to all loan officers Miscellaneous Update and maintain knowledge of loan products and related Investor Guidelines Train and provide mentoring to Jr. Underwriters Notify QC of integrity issues Review exceptions and assist in clearing or resolving issues Maintain contact with internal and external customers on loan status and Conditions Work planning Ensure compliance with Company Policies Demonstrate and encourage integrity and alignment with Company Vision, Mission and Values Other duties as assigned Responding to QC reviews Responding to Investor Deficiencies Responding to all emails daily Working directly with Escalation Manager for exception, Competent risk-assessment skills Knowledge of mortgage processing documents, procedures and practices Knowledge of underwriting and Investor Guidelines Customer service skills Negotiation skills Stress management skills Creative problem solving skills and conflict resolution skills Relationship building skills; training and mentoring skills PC Skills (MS Office, LOS, automated underwriting system) Analytical and mathematical skills and applications Strong communication skills (verbal, written, listening) Attention to detail; multi-tasking skills; excellent time-management skills Ability to work independently with minimal supervision Flexibility and adaptability in a fluid and rapidly changing environment Willingness to do more than basic job requirements as needed IV.
Education, Training and Experience required: a. Special courses/licenses needed: Direct Endorsement (DE) b. Formal education required.
High School diploma or GED, or equivalent skills and knowledge for basic analytical and math skills c. Prior experience needed: Minimum 2-3 years' experience as Jr. Underwriter/ Sr.
Processor Minimum 5-10 years' experience as an Underwriter d. How many weeks, months, or years of experience is required to do the job satisfactorily (both on-the-job and prior experience): 5 years Benefits: Competitive compensation, 3 weeks of PTO, 2 floaters & 8 paid holidays per year, 401(k)/Medical/Dental/Vision & Life insurance. Visit www.myprospectmtg.com and www.mysterlingpartners.com for additional company information.
Our company is an Equal Opportunity Employer. M/F/D/V.
