Underwriters - US Mortgage

Key Responsibilities:
Loan Evaluation: Review and assess mortgage loan applications, including credit reports, income verification, property appraisals, and other documentation to determine borrower eligibility for approval.
Risk Assessment: Analyze financial stability, creditworthiness, and the risk associated with each loan application. Make informed decisions based on underwriting guidelines, industry standards, and company policies.
Compliance & Regulation: Ensure that all underwriting decisions adhere to local, state, and federal lending regulations, including RESPA, TILA, and FHA/VA guidelines, as well as internal company standards.
Decision Making: Approve, deny, or provide conditions for mortgage loans based on risk assessment and regulatory requirements. Communicate decisions to the loan officers and clients effectively.
Document Management: Review, organize, and maintain accurate and complete loan files. Ensure all necessary documentation is received, validated, and compliant with internal and regulatory standards.
Communication: Work closely with loan officers, brokers, clients, and other stakeholders to clarify issues, request additional information, and explain underwriting decisions.
Loan Conditions: Identify conditions required to approve the loan, such as additional documentation, explanations of credit issues, or appraisal concerns, and communicate those to the appropriate parties.
Customer Service: Provide timely and professional responses to internal and external stakeholders regarding loan status, additional documentation, or clarification of requirements.
Quality Control: Conduct audits and quality checks to ensure loans are processed and underwritten accurately, minimizing risk and ensuring compliance with all applicable policies and procedures.
Technology Utilization: Use underwriting software and automated systems (e.g., AUS like DU or LP) to assist in the decision-making process, improving efficiency and ensuring accuracy.