Residential Underwriter

Nature & Scope:Positional OverviewAre you an experienced Mortgage Loan Underwriter seeking a direct hire opportunity where your expertise truly matters? Join our client's dynamic team and play a critical role in re-underwriting previously closed mortgage loans. You'll conduct in-depth due diligence on representation and warranty review assignments, ensuring borrower creditworthiness, strict compliance with underwriting and closing guidelines, and property acceptability as collateral. If you're detail-oriented and thrive on delivering accuracy in high-stakes reviews, this is your chance to make an impact while advancing your career in a supportive, results-driven environment.Role & Responsibility:Tasks That Will Lead To Your SuccessComplete predetermined testing associated with Representation and WarrantiesPrepare written documentation regarding results on testingStrong knowledge of residential mortgage underwriting; including income, asset, credit, and property underwriting; (consisting of recalculating income/assets, DTI, etc.)Analyze complex self-employed tax returns and financial documentsAnalyze and evaluate collateral through appraisals and other applicable evaluation toolsReview fraud detection results used in underwritingReview and understand the Preliminary and Final Title PolicyThorough review and understanding of the mortgage process flow from origination to closingStrong knowledge of CFPB TRID QM/ATR and TILA rules and requirementsExperience with Compliance Ease and Compliance AnalyzerAssist in UAT testing of internal processing system updatesAssist in the review of new deal documents when requestedMaintain familiarity with mortgage industry regulations updates and underwriting guidelinesPotential support to the Commercial Mortgage-Backed Securities operating advisor engagements.Skills & ExperienceQualifications That Will Help You ThriveCollege Degree in business or related field5-7 years of experience in the mortgage industryMinimum of 3-5 years of recent experience in mortgage underwritingExperience with Commercial Mortgage loans in special servicing a plusKnowledge of applicable industry tools such as Core Logic, Lexis/ Nexis, AM Best, National Appraisal Registry, PACER, ComplianceEaseThorough understanding of mortgage lending, state and federal regulatory requirements including Reg Z, RESPA, Fair Lending, and TRIDUnderstanding of secondary market requirements and underwriting policies, and procedures within required areasExperience with condominium and co-op reviewsLoan closing experienceWorking knowledge of loan documentation requirementsWorking knowledge of the Title review processExperience with various mortgage products and loan programsExperience working with numerous originators and lenders a plusExperience with Conventional, Non-conventional, FHA, VA, and business purpose loansExperience with quality control auditing is a plus

Created: 2025-03-07