Position title
Senior Underwriter DE/SAR approved
Description

Nationwide Lender is seeking an approved DE UW, requires a minimum of 3 years experience in a high volume senior underwriting position. The ideal candidate must have current Direct Endorsement underwriting experience with complete knowledge of HUD underwriting requirements and must have at least three years of current FHA underwriting experience.
The ideal candidate must have the ability to communicate with management, underwriters, loan officers and support staff to ensure processing is handled timely and accurately.

Responsibilities
  • Underwrite residential mortgage loans in accordance with Jumbo, FNMA, FHLMC, FHA and VA internal guidelines ensuring compliance with company and investor standards
  • Manage individual pipeline on a daily basis by completing new underwriting reviews, condition reviews and other underwriting tasks within established turn times
  • Review and analyze borrower profiles, credit reports, title reports, income documentation and assets, including complex business returns and financials
  • Assess and respond to fraud indicators
  • Determine eligibility for private mortgage insurance
  • Demonstrate proficiency in automated underwriting applications and ability to assess results
  • Structure loans according to lender requirements and credit quality
  • Review appraisals for accurate property valuation
  • Discuss marginal loans with Underwriting Team lead and Sales Manager before suspending or declining file
  • Communicate with Underwriting Team lead to advise of any sales, processing or customer service issues
  • Communicate with processing and sales to provide updates, clarification on outstanding conditions and deficiencies identified on loans, and to assist in interpreting underwriting guidelines
  • Review appraisals for accurate property valuation
  • Discuss marginal loans with Underwriting Team lead and Sales Manager before suspending or declining file
  • Responsible for auditing files to ensure compliance with government and investor guidelines
  • Determine credit worthiness of borrower
  • Prioritize files among new submissions, docs and funding
  • Work closely with loan officers and other professionals to ensure file pull through
Qualifications
  • DE, VA SAR & FHA CHUM REQUIRED
  • Loan quality and risk management expertise
  • Knowledge of Jumbo, FNMA, FHLMC, FHA and VA guidelines. USDA experience helpful
  • Proficiency with DU and LP, FHA Connection and VA Portal
  • Strong working knowledge of LendingQB preferred
  • Excellent interpersonal, written and verbal communication skills
  • Self-starter, self-reliant, dependable, ability to work within and meet specific time constraints
  • Flexibility in decision making with strong problem solving skills
  • Customer service driven, responsiveness to client and team member issues and concerns

About Us:
Obsidian is a licensed direct lender in over 17 states with over 7 locations and is one of the fastest growing direct lenders in the country. OFS is a direct lender with over 100 producing loan officer. Each loan officer produces 3 to 5 deals month. 90% of our business is purchase business and there is never an affect in our business when rates rise.

Job Benefits

No Benefits

Employment Type
Full Time - Part Time
Beginning of employment
Monday
Duration of employment
Friday
Industry
Mortgage Lending
Job Location
Remote work from: USA
Working Hours
9AM-5PM
Base Salary
$ 35,000 - $ 45,000
Date posted
May 31, 2020
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Position: Senior Underwriter DE/SAR approved

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