DE Underwriter
The Judge Group Inc.

Chicago, Illinois

This job has expired.


Location: REMOTE
Salary: Competitive
Description:
We are seeking DE Underwriters

This position performs credit analysis of loan components for newly originated 1- 4 family residential loans, including applicants' credit, sources of income, types of property under purchase, type of loan, assets, stream of bank deposits, and debt ratios.

Major Responsibilities:

  • Analyzes collateral appraisal report for the property, income and credit of the borrower in order to determine if the applicant(s) meets the ability to repay rules and creditworthiness.
  • Examines mitigating factors to ensure that the property value supports securing the loan.
  • Evaluate applicant's employment history and ensure that all income used in qualifying is expected to continue for at least 3 years • Assess overtime, bonus and commissions used to qualify.
  • Analyze tax returns and profit & loss/balance sheets of self-employed applicants.
  • Review borrower's credit.
  • Review the manner in which obligations have been met and financial affairs managed.
  • Investigate derogatory credit.
  • Assess potential borrower's assets; ensure assets meet closing requirements, are derived from acceptable sources and the acceptable levels of reserves will remain after closing.
  • Verifies that the loan meets program and/or investor specifications/guidelines and that the borrower profile is appropriate for the program selected.
  • Decision completed loan applications within established policy limits.
  • Will approve within defined Company Confidential policy authority matrix or recommend to appropriate authority.
  • Also recommends declines and counteroffers to appropriate authority for review and sign off.
  • Acts as a mentor to Mortgage Loan personnel to improve their knowledge of policies and procedures, loan programs, investor guidelines.
  • Keeps abreast of changes to Company Confidential policies and procedures.
  • Keeps abreast of changes made by Company Confidential secondary market investors and changes in Federal regulations pertaining to mortgages.
  • Working knowledge of Company Confidential policies and procedures in order to avoid losses to the company.
  • Must have working knowledge of applicable federal regulations, including knowledge of the Bank's Anti-Money Laundering Compliance Program and related procedures.
  • Performs other duties as assigned
  • Represent Company Confidential in a professional manner by dressing professionally daily while in the office or when attending events.

Knowledge/Skills/Experience:

  • Must have excellent customer service skills, able to work in a team environment and proficient with computers.
  • Basic to Intermediate computer skills in Microsoft Office, including Word, Excel, and Outlook are required. Encompass experience preferred.
  • Excellent written and oral communication skills.
  • Analytical with good attention to detail.
  • Good judgment and the ability to work independently.
  • Good math skills.
  • Ability to multitask, work well under time constraints and within deadlines.
  • Must be a team player.

Minimum Requirements:

  • High School diploma or equivalent.
  • The ability to work remotely 100%.
  • Bachelor's Degree in Business, Finance or other related field a plus.
  • Five to Ten years of experience in underwriting conventional and FHA loans.
  • Active DE, LAPP and SAR Designation.
  • Proficiency in underwriting complex personal/business tax returns and financial statements.
  • Working knowledge of VA, Conventional, FHA, USDA, Bond, 203k loans, complex tax returns.

Contact: fwolfson@judge.com

This job and many more are available through The Judge Group. Find us on the web at www.judge.com


This job has expired.

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