Shellpoint Mortgage Servicing

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Mortgage Underwriter (Remote)

at Shellpoint Mortgage Servicing

Posted: 10/30/2020
Job Status: Full Time
Job Reference #: job_20200807040535_YYZEUBN7BIFECY3Y
Keywords: credit

Job Description

Primary Function

The main focus of this role is to perform underwriting of conventional and /or FHA/VA  mortgage loans including a detailed review of the residential mortgage loan application and documentation as submitted to ensure loans meet underwriting guidelines as established by NewRez and its investors.  This is a remote position.

Principal Duties

  • Approves or rejects residential loans within prescribed authority
  • Analyzes borrower’s credit profile, collateral and capacity to repay the proposed mortgage obligation
  • Ensures loans meet NewRez, agency and government guidelines
  • Accurately calculates borrower’s income and debt-to-income ratios based on acceptable NewRez and agency practices
  • Documents lending decisions and completes required screens in the loan origination system that include accurate completion of the 1008 as well as adding and/or creating applicable conditions on the loan approval
  • Run, reads and interprets automated underwriting decision results from both Desktop Underwriter and Loan Prospector
  • Reviews conditions submitted on loans and sign off on conditions where appropriate
  • Keeps informed of current and acceptable underwriting practices
  • Communicates loans decisions to clients/internal departments in a timely fashion and ensures compliance deadlines are met with regards to pre-disclosures, approval letters, denial notices, and counteroffers.
  • Works closely with processing and/or account management to answer specific loan questions, to answer specific conditions or documentation requested and to resolve problems
  • Maintains and cultivates an effective working relationship with internal and external customers
  • Prioritizes work queue to ensure service level agreements are met
  • Consistently meets or exceeds established minimum productivity and quality goals
  • Provides quality control responses in a timely manner
  • Acts as a role model of the company’s values, acting in an ethical and professional manner at all times
  • Embraces company culture

Education and Experience Requirements

  • Minimum 4 years of residential loan underwriting experience
  • Strong processing background preferable
  • High school diploma required
  • Bachelors Degree preferred

Knowledge, Skill, and Ability Requirements

  • Strong analytical skills
  • Ability to make risk based lending decisions supported with relevant data and research
  • Detail oriented
  • Knowledgeable with MS Office
  • Excellent Customer Service skills
  • Excellent verbal and written communication skills
  • Great organizational skills

Application Instructions

Please click on the link below to apply for this position. A new window will open and direct you to apply at our corporate careers page. We look forward to hearing from you!