Underwriter (Non-QM)
This position is responsible for the timely and accurate analysis and evaluation of loan applications based on a borrower’s credit, employment, income, financial data and asset profile, along with the appraisal report, and investor guidelines. An underwriter makes sound decisions that mitigate risk to the company, adhere to quality standards, and maximize the borrower’s chances of obtaining and sustaining homeownership. At UHM, we understand diversity comes in many different forms. It’s our commitment to improve inclusion in the workplace through programs and policies that establish a positive and inclusive environment where every Partner, regardless of their background, can grow and excel. We value diversity, educate on equity, and create inclusive partner opportunities to ensure that you know #UBelongAtUHM! DUTIES & RESPONSIBILITIES
- Responsible for underwriting 3+ new loans per day while minimizing any risk to the company by thoroughly analyzing a borrower’s income, credit, assets, ratios and collateral to ensure compliance with our investors, agencies, HUD, VA, USDA or HFA’s, as applicable.
- Maintain 24-48 hour turn times.
- Responsible for clearing UTC conditions within 24 hours.
- Responsible for preparing loans for risk committee.
- Responsible for making counter offers on loans that do not conform to products under which they were originated.
- Responsible for remaining updated on all investor, agency, FHA, VA, UHM guideline changes along with any overlays.
- Ensure the accuracy of all necessary criteria for specific loan types, products, rates, applicable documentation, and data.
- Maintain Quality Control ratings within company standards.
- Attend appropriate seminars, and live and recorded courses to keep abreast of current market trends and developments.
- Sit in on roundtables when needed.
- Provide training support to the sales force as needed.
- Responsible for listening in on departmental huddles.
- Assist loan officers with scenarios and explain any conditions that are not clear to them.
- Assist in the development of junior underwriters and processors.
EDUCATION & EXPERIENCE
- 3-5 years of experience as an Underwriter and complete knowledge of the mortgage business
- Experience with FHA/ VA/ USDA/ Agency loans
- Direct Endorsement (DE) required
- LAPP/ SAR preferred
- Encompass experience preferred
- Bachelor’s degree preferred or equivalent work experience
SKILLS REQUIRED
- Strong analytical skills, especially in credit and risk, along with decision-making skills
- Effective interpersonal skills and technical report writing skills
- Attention to detail
- Knowledge of Encompass LOS
- Shows work commitment
- Personal organization
- Adaptability and flexibility
- Ability to multi-task and meet strict deadlines
- Fosters teamwork
- Uses sound judgment
- Comfortable using financial/ quantitative data
This employer participates in E-Verify. If hired, the employer will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S. Union Home Mortgage Corp. provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. Apply tot his job Apply To this Job