Consumer Loan Underwriter 3
Consumer Loan Underwriter 3 - DE Underwriter
Responsible for reviewing, analyzing, approving and underwriting large, unusual or complex individual consumer requests and products within company and industry guidelines. Dependent on division and complexity of underwriting, functions may include: - Reviewing financial statements, credit reports, and applicable ratios (i.e. debt ratios, loan-to-value) - Examining transactions to ensure accuracy and completeness - Ensuring that documents are consistent and uphold to company and industry guidelines - Implementing fraud detection techniques, performing compliance reviews - Assisting with re-negotiations of loans based on lending guidelines - Explaining rationale behind credit decisions Basic Qualifications: 4+ years underwriting experience. Minimum Qualifications: * 4+ years mortgage underwriting experience with current government loan underwriting experience * Thorough understanding of underwriting policies and procedures, as well as investor guidelines and regulatory updates including knowledge of FHA, VA, FNMA, and FMLMC guidelines and standards with DE designation required * Familiar with LP and DU underwriting * Familiarity with review and understanding of complex tax documentation * High degree of attention to detail * Proactive and timely communication to customers and business partners on loan decisions and underwriting guidelines * Superior internal and external customer service skills, interpersonal and communication skills * Strong organizational skills * Ability to work in a flexible and production oriented environment Preferred Skills: * VA/Lapp designation highly preferred.