DE UNDERWRITER

We are seeking to fill the role of DE Underwriter. The ideal candidate enjoys collaborating with clients, industry partners and internal teams to maximize outcomes for homeowners.

• Responsible for the oversight and processing of assumptions.
• Responsible for reviewing all documentation, performing analysis, and making sound decisions on loan assumption applications.
• Review and audit files for compliance with agency, portfolio, government, and investor guidelines
• Conduct detailed financial analyses of credit, income, and asset qualifications.
• Evaluate appraisal reports, preliminary title reports, and other property reports.
• Review disclosures to assure compliance with appropriate guidelines.
• Answer scenario and qualification questions from staff.
• Communicate with various investors regarding investor guidelines and inquiries.
• Perform a variety of mortgage loan assumption documentation duties as required.
• Completes all underwriting functions in accordance with various program requirements, company standards, and related legal and regulatory requirements.
• Maintains knowledge of underwriting requirements and policies as well as investor and government agency guidelines.
• Maintains understanding of writing overlays such as bond loans.
• Experience with post-closing review process.
• All other duties as assigned.

• High School Diploma or equivalent required.
• Current FHA DE Underwriter designation/CHUMS ID.
• 5+ years of mortgage banking experience specific to underwriting; technical history with FHLMC,FNMA, FHA, VA, or equivalent mortgage products.
• Knowledge of release of liability, in-depth knowledge of disclosure requirements for qualifying and non-qualifying assumptions, and knowledge of underwriting overlays for products such as bond loans.
• Must be up-to-date on current knowledge of government and conventional guidelines.
• Proficient in BKFS MSP, FNMA/FHLMC online systems, and AllRegs.
• Proficient in Microsoft Office (Word and Excel), Outlook and general PC applications.
• Ability to work independently in a fast-paced environment.

• Ability to multi-task while maintaining accuracy.

Desired Skills and Qualifications
• Bachelor’s degree in business or related field

Essential Functions

Basic job duties an employee must be able to perform with, or without, reasonable accommodation.

• Critical Thinking - Use logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
• Reading Comprehension – Understand written sentences and paragraphs in work related documents
• English Language – Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
• Speaking – Communicate verbally with others to convey information effectively.
• Active Learning – Understand the implications of new information for both current and future problem-solving and decision-making.
• Active Listening – Give full attention to what other people are saying, take time to understand the points being made, ask questions for clarity, and don’t interrupt at inappropriate times.
• Instructing – Teach others how to do something.
• Judgment and Decision Making – Consider the relative costs and benefits of potential actions to choose the most appropriate one.
• Time Management – Manage one's own time and the time of others.
• Writing – Communicate effectively in writing as appropriate for the needs of the audience.
• Complex Problem Solving – Identify complex problems and review related information to develop and evaluate options and implement solutions.
• Deductive Reasoning – Able to apply general rules to specific problems to produce answers that make sense.
• Problem Sensitivity – Able to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
• Written Comprehension – Able to read and understand information and ideas presented in writing.
• Inductive Reasoning – Able to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
• Information Ordering – Able to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
• Near Vision – Able to see details at close range (within a few feet of the observer).
• Oral Comprehension – Able to listen and understand information and ideas presented through spoken words and sentences.
• Oral Expression – Able to communicate information and ideas verbally so others will understand.
• Speech Recognition – Able to identify and understand the speech of another person.
• Speech Clarity – Able to speak clearly so others can understand you.

Work Conditions 

Able to attend work and be productive during normal business hours and to work early, late or weekend hours as needed for successful job performance. Overtime required as necessary.

Physical Demands

• Sitting up to 90% of the time
• Walking and standing up to 10% of the time
• Occasional lifting, stooping, kneeling, crouching, and reaching

Equal Employment Opportunity

LoanCare, its affiliates and subsidiaries, is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, disability, protected veteran status, national origin, sexual orientation, gender identity or expression (including transgender status), genetic information or any other characteristic protected by applicable law.

 Who We Are

LoanCare is a top national provider in mortgage loan subservicing. For 40 years, LoanCare has been servicing loans for banks, credit unions, independent mortgage companies, and portfolio investors. LoanCare is part of Fidelity National Financial (NYSE: FNF), a Fortune 500 company and leading provider of title insurance and transaction services to the real estate and mortgage industries. For more information, visit loancare.com.