Mortgage Underwriter Needed in Richmond, VA Job in Richmond 23294, Virginia Us
Richmond, VA 23294
Mortgage Underwriter Needed in Richmond, VA
Contract resource would need to have at least 1 year (12 months) of mortgage loan underwriting experience to be considered and/or 6+ years of mortgage loan processing or other related mortgage experience.
Working hours: Hours of operations: 7:00 am - 11:00 pm
Our client is one of the largest financial institutions in the Richmond area and is seeking a Mortgage Underwriter to add to one of their locations. Responsible for reviewing residential loans as a first line of defense against fraud to ensure risk factors are recognized and properly documented. Analyze credit reports in conjunction with appraisals, application data and company approved tools to identify inconsistencies. Communicates with Retail sales offices and Underwriting to mitigate risk and eliminate potential fraud. Place Underwriting conditions for unresolved fraud alerts and provide clear recommendations. Reviews and/or underwrites conventional loans, but on occasion may be responsible for FHA and VA loans. May support more experienced underwriters. May perform Pre-Qual Functions. Position is responsible for preparing loan files to submit to end investor or MI company based on the underwriting requirements at time of origination. Requires due diligence re-underwrite and identification of missing documents based on AUS findings or manual underwrites. Team mate will be required to contact LOB, appraiser, settlement agent or borrower to obtain missing credit documents or post close documents. Team mate will be required to identify and present to end investor compensating factors when necessary to prevent repurchases. Team mate will be required to work closely with the Repurchase and MI Rescind team in obtaining and reviewing additional missing documents and providing feedback on exceptions identified during re-underwrite. This position requires knowledge of mortgage processing, underwriting, and strong communication skills. Teammate must be able to work under strict deadlines. Team mate may be required to assist in training and be assigned to special projects.
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