Underwriter, Floater (Remote)

$45,000 - $63,000/Yr

Taylor Morrison - Tallahassee, FL

Full-time

Remote - Tallahassee, FL

Construction of Buildings

About the position

As a Proficiency / Floater Underwriter working for Taylor Morrison, you will be responsible for the thorough review of in-house loans and pre-submission reviews of externally underwritten loans, ensuring that all loans are underwritten according to agency and investor guidelines. This role promotes excellent customer service and involves collaboration with Management, Loan Consultants, Client Coordinators, and Closers. You will assume all responsibility for loan files submitted for second-level review, acting as a test case review for new and upskilling experienced Underwriters. This ensures adherence to policies and procedures, and that the quality of underwriting is sufficient to sell all loans on the Secondary Market. You will support solutions and training on deficiencies discovered by pre and post-review by Quality Control, Aggregators, and Government Insuring, including full file audit reviews completed by VA and FHA. In addition to your primary responsibilities, as a Proficiency / Floater Underwriter, you will provide coverage for team members who are on PTO, wellness time, or short-term absence, and assist with overflow during high volume initial submissions. You may potentially underwrite loan files that will be reassigned to a Production Underwriter for clearing conditions and final approval. You will manage the co-worker's pipeline, which may include reviewing loans that have been resubmitted and preparing them for final approval. A comprehensive knowledge of underwriting and qualifying guidelines for all FNMA & FHLMC, Non-Agency, FHA, VA & USDA loans is expected. You will be responsible for providing quality and consistent underwriting of mortgage loans, ensuring compliance with appropriate company standards, and assessing the potential risk of loan applicants by reviewing their credit and job history. High-quality customer service is essential, including timely review underwriting in a competitive timeframe. Other duties may be assigned as necessary.

Responsibilities

• Thoroughly review in-house loans and pre-submission reviews of externally underwritten loans.
• Assume responsibility for loan files submitted for 2nd level review as test case review for new and upskilling experienced Underwriters.
• Support solutions and training on deficiencies discovered by pre and post review by QC, Aggregators, and Government Insuring.
• Provide coverage for team members who are on PTO, wellness time, and/or short term absence.
• Assist with overflow during high volume initial submissions.
• Manage the co-worker's pipeline, including review of loans that have been resubmitted.
• Prepare loan files for final approval after review.
• Provide quality and consistent underwriting of mortgage loans to ensure compliance with company standards.
• Assess the potential risk of loan applicants, ensuring mortgage applications are complete and accurate.
• Provide high quality customer service, including timely review underwriting.

Requirements

• Minimum 5 years of experience in the mortgage/financial industry.
• Preferably 3 years' experience in training, loan file review and management of all training with underwriting department.
• 3 years' experience underwriting VA / FHA loans with full working knowledge of all guidelines.
• 3 years' experience in government manual underwriting.
• 5 years of full practical knowledge with Fannie Mae and Freddie Mac guidelines.
• 5 years front line production underwriting experience.
• 5 years experience with Automated Underwriting Software: {DU/LP}.
• Full working knowledge of appraisal requirements.
• Must fully understand complex loan transactions and be highly proficient in reviewing and analyzing all levels of individual and business income tax returns.
• Proficient in communicating areas that require additional training, weaknesses, and strengths.