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Government

DE Government Underwriter

DE Government Underwriter As a member of our Wholesale DE Underwriting team will

2019-06-19 2020
Freedom Mortgage
Position: Underwriter Salary: Unspecified Type: Full Time Location: Fishers, IN
As a member of our Wholesale DE Underwriting team will be responsible for underwriting residential loans for our
Wholesale department ensuring compliance with appropriate company, secondary market investor standards and all
applicable laws. The DE Underwriter will be responsible for examining loan documentation for accuracy and completeness.
Must be able to underwrite loans within the company and industry guidelines. The DE Underwriter will also be working with
Regional Managers, Account Executives, Broker’s Loan Officers and Processors to secure all required documents.
Essential Job Functions:
Underwrites FHA loans to verify for completeness, accuracy, and compliance
Develops and maintains an up to date and sound knowledge of multiple loan product guidelines offered by the company,
DU/LP guidelines, and risk assessment tools used to decision mortgage loans
Reworks loans to new terms, identifies additional conditions as needed to insure a viable credit decision
Reviews and evaluates borrower(s) profile including but not limited to all income documentation, tax returns, credit reports,
preliminary report, judgments, bankruptcy documents and appraisals
Analyzes and calculates income documentation such as personal and business income statements and ensures all
necessary documentation is requested to support final loan decisions
Exercises good judgment, conducts reasonableness tests and issues quality decisions
Determines accuracy and completeness of files; ensures processes are consistent
Demonstrates proficiency in automated underwriting systems (DU, LP)
Maintains a sound knowledge of secondary market activity, practices, and business/industry practices as they impact
underwriting quality and origination activity
Maintains pre-established service level standard of decisions within a time frame set by the company
Communicates regularly with sales team, processors and management
Assists in the preparation of repurchase responses and/or rebuttal reviews
Ability to function in a fast paced ever-changing environment.
Supervisory Responsibilities:
This job has no supervisory responsibilities " />
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Position Description:
(Work Locations: Fishers, IN; Phoenix, AZ, Orlando, FL, and Remote)
As a member of our Wholesale DE Underwriting team will be responsible for underwriting residential loans for our
Wholesale department ensuring compliance with appropriate company, secondary market investor standards and all
applicable laws. The DE Underwriter will be responsible for examining loan documentation for accuracy and completeness.
Must be able to underwrite loans within the company and industry guidelines. The DE Underwriter will also be working with
Regional Managers, Account Executives, Broker’s Loan Officers and Processors to secure all required documents.
Essential Job Functions:
Underwrites FHA loans to verify for completeness, accuracy, and compliance
Develops and maintains an up to date and sound knowledge of multiple loan product guidelines offered by the company,
DU/LP guidelines, and risk assessment tools used to decision mortgage loans
Reworks loans to new terms, identifies additional conditions as needed to insure a viable credit decision
Reviews and evaluates borrower(s) profile including but not limited to all income documentation, tax returns, credit reports,
preliminary report, judgments, bankruptcy documents and appraisals
Analyzes and calculates income documentation such as personal and business income statements and ensures all
necessary documentation is requested to support final loan decisions
Exercises good judgment, conducts reasonableness tests and issues quality decisions
Determines accuracy and completeness of files; ensures processes are consistent
Demonstrates proficiency in automated underwriting systems (DU, LP)
Maintains a sound knowledge of secondary market activity, practices, and business/industry practices as they impact
underwriting quality and origination activity
Maintains pre-established service level standard of decisions within a time frame set by the company
Communicates regularly with sales team, processors and management
Assists in the preparation of repurchase responses and/or rebuttal reviews
Ability to function in a fast paced ever-changing environment.
Supervisory Responsibilities:
This job has no supervisory responsibilities
Qualifications:
To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The
requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable
accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.
DE certification required
Appraisal review and tax return analysis skills required
Experience with repurchase response and/or rebuttal review and response preparation
Secondary market experience a plus
Understanding of TRID, RESPA and Predatory Lending
Strong analytical and decision making/problem solving skills
Possess a keen eye for accuracy, attention to detail and ability to handle a high volume work load
Excellent interpersonal, organizational, prioritization and time management skills
Proficient in computers including LOS systems, Microsoft Office and Excel. Ability to adapt/ learn/utilize multiple software
programs. Experience with paperless environment preferred.
Ability to type/use a keyboard with sufficient speed and accuracy to meet job demand
Ability to deliver effective results and to meet deadlines with minimal supervision
Self-starter, adapt to a changing environment and have the ability to communicate and work well with Investors and co-
workers
Possess clear, concise and effective written and oral communication skills
Professional demeanor in appearance, interpersonal relations, work ethic and attitude
Education and/or Experience:
High School Diploma or GED required
Minimum 5 years of current frontline mortgage DE Underwriting experience required
Language Skills:
Ability to read and comprehend instructions, correspondence, memos, and work place policies. Ability to analyze, interpret
general business periodicals, professional journals, procedures and governmental regulations. Ability to
write professional correspondences. Ability to write routine business reports. Ability to speak effectively with other
employees and/or customers. Ability to present formal information in one-on-one and small group situations to
customers, students, parents and/or other employees. Ability to present information and respond to questions from groups
of administrators, managers, employees, customers and/or the general public.
Mathematical Skills:
Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and
solid geometry and trigonometry. Ability to apply concepts such as fractions, percentages, ratios, and
proportions to practical situations.
Reasoning Ability:
Ability to carry out detailed written and/or verbal instructions. Ability to solve problems involving concrete variables in
standardized situations. Ability to define problems, collect data, establish facts, and draw valid
conclusions.
Certificates, Licenses, Registrations:
ACTIVE CHUMS ID DE required
Customer Service Relationships:
Anticipates customer needs and regularly motivates or influences others to deliver customer service excellence. May
troubleshoot highly sensitive or confidential issues. Personally ensures problem resolution. Identifies barriers to effective
customer service and sets customer service standards. Establishes a customer feedback system and holds self-accountable
for customer service excellence within the department.
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully
perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with
disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required
to sit and talk or hear. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; and reach
with hands and arms. The employee must occasionally lift and/or move up to 25 pounds.
Work Environment:
The work environment characteristics described here are representative of those an employee encounters while
performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with
disabilities to perform the essential functions. The noise level in the work environment is usually moderate.
Freedom Mortgage is a privately held, full-service residential mortgage lender licensed in all 50 states, Washington D.C.,
Puerto Rico and the Virgin Islands. We are one of the largest and fastest-growing privately held mortgage companies in the
country, as well as a top 5 residential lender in the USA. Freedom Mortgage currently services more than 225 billion dollars
in loans. And we are continuing to grow! Freedom Mortgage is proud to be recognized by Inc. Magazine’s, Inc. 5000
rankings for the fastest growing private firms in the nation for six consecutive years (2013-2018).
Freedom Mortgage has over 4000 employees and offices nationwide. Locations include suburban Philadelphia (we have
multiple sites in Southern New Jersey) and Fishers, IN, two regions where we were named Top Workplaces (The Indianapolis
Star named Freedom Mortgage at Top Workplace four years in a row). We also have large operating centers in Melville, NY;
Jacksonville, FL; San Dimas, CA; and Tempe, AZ; and Columbia, MD
Freedom Mortgage team members enjoy our total rewards program, including excellent benefits, perks, business casual
dress, rewards programs, training, development and career opportunities. Community spirit is one of our shared values and
Team Freedom Cares is our philanthropic arm helping us get involved in the communities in which we operate. Learn more
about us and apply!
Freedom Mortgage Corporation is an Equal Opportunity Employer committed to workforce diversity. Qualified applicants
will receive consideration without regard to age, race, color, religion, gender, sexual orientation, national origin, or their
status as a protected veteran or an individual with disabilities. Local applicants encouraged to apply. Employment
contingent upon successful completion of background investigation. Smoke-free workplace. Drug-free work environment.
Excellent benefits package including medical, dental, vision and 401(k). All resumes are held in confidence. Only
candidates whose profiles closely match requirements will be contacted during this search. LENDER NMLS ID:2767
Apply
This job is no longer available, please consider other positions.

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