Field Sales, Commercial Mortgage Loan Originator, NMLS
U.S. Bank
Senior Analyst, Underwriting Support, Consumer Direct
International Luxury Hotel Association
full-time
Posted on:
Origin: • 🇮🇳 India
Visit company websiteJob Level
Senior
About the role
- Review and analyze mortgage loan applications for eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines
- Examine all documentation and verify collateral acceptance to investor and company requirements
- Make independent underwriting decisions regarding acceptance and loan risk according to HUD, company, and investor guidelines
- Provide final approval underwriting for Conventional, Correspondent, FHA, VA, and Reverse mortgage loans
- Complete required paperwork and forms; sign off conditions in a timely manner
- Manage loans using all functions of Encompass
- Communicate underwriting decisions with processors and advisors and maintain customer service and cross-department communication
- Work with staff and management on escalated loans and recommend improvements to policies and practices
Requirements
- Bachelor’s degree or equivalent of fifteen years of education mandatory
- Minimum of 1 years of experience in Mortgage Underwriting with thorough knowledge of Financial and nonfinancial supporting documentation, Income calculations, Asset/ Liabilities & Appraisal verification, Credit report review.
- Knowledge about risk and compliance in Lending especially the FNMA & FHLMC Underwriting standards.
- Knowledge about Underwriting procedures of Conventional, Correspondent Lending, Reverse mortgage, FHA, VA (Government loans) underwriting
- Experience using Encompass loan origination system
- Ready to do any shifts including night shift as per Business unit requirements.
- Ready to travel to office for training and other learning work related activities as per Business unit requirements.
