Underwriter

$74,880 - $74,880/Yr

Mphasis - Jacksonville, FL

posted 4 months ago

Full-time - Mid Level
Remote - Jacksonville, FL
5,001-10,000 employees
Professional, Scientific, and Technical Services

About the position

The Underwriter position at Mphasis is a critical role within the organization, primarily focused on reviewing mortgage files submitted for underwriting. This position is essential to ensure that all mortgage applications are processed accurately and efficiently, adhering to the company's guidelines and standards. The Underwriter will be responsible for calculating income, analyzing debt and assets, and conducting thorough reviews of completed appraisals and titles. This role requires a strong sense of urgency and the ability to work collaboratively within a team environment, while also maintaining excellent organizational, communication, and computer skills. In this role, the Underwriter will utilize the client's loan operating system and automated underwriting systems to determine loan approvals and clear conditions for final approval. The Underwriter will also be tasked with identifying and resolving any red flags or alerts that may arise during the underwriting process. Additionally, the Underwriter will issue loan decisions, review conditions for compliance, and assist processors and loan officers in understanding underwriting decisions and conditions. This position is vital to the overall success of the mortgage processing team and requires a detail-oriented individual who can manage their time effectively in a fast-paced environment.

Responsibilities

  • Underwrite loans in accordance with guidelines; utilizing AUS or manual underwrites
  • Utilize client's loan operating system
  • Evaluate and ensure overall loan documents are accurate, complete, and compliant
  • Ability to identify and/or clear red flag or alerts
  • Issue loan decision and condition file accordingly
  • Review and approve conditions for compliance and completion of loan file
  • Ability to interpret and apply client overlays and investor guideline requirements
  • Resolve pre and post-closing issues as they relate to underwriting
  • Assist Processors/Loan Officers in understanding underwriting decisions and conditions

Requirements

  • Minimum 3+ years current conventional mortgage loan underwriting experience
  • Strong knowledge of income calculations, tax returns, reading credit reports, identifying red flags
  • Basic knowledge of appraisal and ineligible properties
  • Thorough working knowledge of GSE underwriting guidelines, manual and automated underwriting engines (DU/LP)
  • Strong analytic, interpersonal, and verbal and written communication skills
  • Detail-oriented with strong ability to time manage
  • Ability to work in a flexible and production-oriented environment
  • Must be willing and able to work as part of a team
  • Strong capability to work in multiple systems - paperless environment
  • NMLS-MLO Licensure preferred but not required

Nice-to-haves

  • NMLS-MLO Licensure

Benefits

  • 401(k)
  • Dental insurance
  • Health insurance
  • Life insurance
  • Paid time off
  • Vision insurance
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