Underwriter

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JOB DESCRIPTION

Job #: 11874
Status: Inactive / Filled
Title: Underwriter
Job Location: Philadelphia, PA
Base Compensation: $50,000 — $85,000
Total Compensation: $50,000 — $85,000
Is Employer Willing to Relocate?: No
Employment Type: Contract / Temporary
Job Categories: Commercial Lending - Real Estate; Finance; Mortgage Banking
Industries: Financial Services; Real Estate / Mortgage

WHY IS THIS A GREAT OPPORTUNITY?

Great opportunity in the mortgage industry with a large, well-known Financial Services firm.

JOB DESCRIPTION

Review closed loans for eligibility with respect to Selling Guide, DU Guide, and/or negotiated terms as defined by contracts with lender partners
Perform risk analysis and make decision regarding deficiencies identified during the review process
Identify transaction components that indicate a potential for fraud and perform sufficient investigative work to resolve issues that are identified
Accurately record data and review conclusions in QAS (Quality Assurance System)
Professionally communicate the results of file reviews both verbally and in written format to internal and external customers
Maintain a sound knowledge of guidelines, DU guidelines, and risk assessment tools used to decision mortgage loans
Maintain a sound knowledge of secondary market activity, practices, and business/industry practices as they impact underwriting quality and origination activities.

QUALIFICATIONS

8 plus years of underwriting experience required
Undergraduate degree strongly preferred.
Graduate degree in business, finance, accounting or related discipline preferred.
Understanding of traditional mortgage origination and underwriting practices
In-depth knowledge of Fannie Mae's underwriting and quality control guidelines.
Strong analytical, problem solving, and negotiation skills.
Effective written and verbal communication/presentation skills.
Intermediate user of MS Word and MS Excel, or comparable software packages
Strong organizational skills, teamwork, and results orientation
DO NOT WANT AUS (AUTOMATED UNDERWRITING SYSTEM) EXP
MANUAL UNDERWRITING EXP IS A MUST
Secondary Market Exp is ideal
Education: None
  
Total Years of Experience: 7-8+
  
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