Single Family Loan Underwriter

The Single Family Underwriter assists with the success of the Agency's Single Family programs. Primary responsibilities include mortgage underwriting and analysis, review of loan closing documents and communication with the lender network for all Single Family Programs.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Perform underwriting file review and evaluate loan to determine compliance with Agency/Investor guidelines to include data validation, appropriate calculations of income, assets, debt to income, loan to values, review of credit report and collateral/appraisals.

Determine and communicate underwriting decision to the appropriate individuals

Clearly communicate with lenders regularly regarding status and items that are outstanding and assist in addressing questions

Evaluate and approve loan conditions

Interface with loan reservation system, inclusive of ensuring accuracy of data, dispositioning approved loans to "Underwriter Certified" and monitoring third party document deficiencies, etc.

Review closing documents for each loan and/or MCC to ensure accuracy prior to closing

Review funding/wire requests for down payment assistance loans prior to submission to the Financial Management Department

Assist with clearing post-closing deficiencies required to be cleared for loans to be purchased

Represent the Agency at homeownership events and promote Single Family Programs

Perform other duties as required

KNOWLEDGE AND QUALIFICATIONS:

Bachelor's Degree in Business or related major or equivalent years of experience required

5-7 years' experience of mortgage underwriting of FHA, VA, Freddie Mac and Fannie Mae loan products, knowledge of bond programs a plus

Understanding of mortgage concepts, practices and procedures

Ability to analyze and evaluate complex financial and asset statements, personal and business income tax returns

Demonstrate excellent organizational skills

Ability to pay strong attention to detail

Must be able to successfully and autonomously manage projects of a varied and complex nature

Must possess strong working knowledge of all aspects of Microsoft Office Suite, specifically Excel

Excellent communication skills both verbal and written

Ability to work proactively and operate accurately and efficiently in a fast-paced environment with variable deadlines

OTHER CHARACTRISTICS:

Ability to work proactively and operate accurately and efficiently in a fast-paced environment with variable deadlines

Maintain high ethical standards of integrity and quality

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