Howard Hanna Real Estate Services - Pittsburgh, PA
posted 4 months ago
The Mortgage Underwriter position at HHMS in Pittsburgh, PA, is a critical role responsible for the prudent underwriting of all Conventional, FHA, and VA loans originated by the company. The underwriter will ensure that all parties involved in the loan process are kept informed of the prevailing policies and procedures related to Conventional, FHA, and VA compliance. This role requires maintaining up-to-date knowledge of the relevant policies and procedures, as well as reviewing quality control findings to ensure adherence to guidelines. In this position, the underwriter will conduct thorough analyses of loan files to determine compliance with company standards and the specific guidelines for Conventional, FHA, and VA loans. This includes evaluating the entire credit package and collateral to ensure that the loans meet the investment quality standards set by the company. The underwriter will also be responsible for checking the accuracy of calculations, determining compensating factors for borderline cases, and analyzing loan packages for any signs of fraudulent documentation or misrepresentation. Additionally, the underwriter will assist in training new originators and processors on the guidelines for Conventional, FHA, and VA loans. Staying informed about changes and updates in appraisal and credit underwriting is essential, as the underwriter will need to communicate these updates to appropriate staff and management. The role demands maintaining a productivity level of 5 to 10 loans per day, adhering to a 24 to 48-hour underwriting turnaround time, and providing timely responses to post-closing reviews and audits. The underwriter will also maintain activity logs and provide monthly reports on underwriting activities, ensuring effective communication of loan decisions to all relevant parties.