Underwriter

General Summary  

The Senior Underwriter reviews and underwrites mortgage files, inclusive of FHA, VA, USDA, Jumbo and conventional loans, to underwriting
guidelines and will identify, analyze, and balance transactional, borrower, and property-related risks and offsets to arrive at a decision. The Senior
Underwriter will be assigned an approved credit authority based on designations and will review loans within their credit authority. The Senior
Underwriter also assists other team members providing consistency in credit quality and decisions, process flow, customer service and risk control
as well as timely and accurate decisions to help meet production goals and perform within department audit standards.

Duties and Responsibilities  

The primary job duties and responsibilities of this position include but are not limited to:  

• Prioritize, receive & review loan file packages for accuracy and completeness, according to the guidelines established by the Envoy, Fannie Mae, Investors, and Federal/State Regulations within 48 hours of receipt or the current posted SLA for the applicable transaction
• Review all documentation submitted as part of the mortgage application process to validate completeness and accuracy
• Advise origination staff on underwriting questions and loan salability, and work to achieve closing deadlines
• Examine and analyze borrower employment information, credit strength, property characteristics, assets, liabilities, income and debt and other information pertinent to the credit decision, on each mortgage application
• Evaluate and review appraisal reports and collateral issues related to the subject property to determine property meets required guidelines
• Upload and file applicable documents into Imaging system
• Order mortgage insurance; all required fraud guard tools
• Recalculate & re-verify supporting documentation and complete audit checklists before submitting for UW 2nd level review, as applicable
• Advise if any underwriting problems and recommend corrective action to loan production personnel impacting Pre-Approval decision
• Communicate with appropriate parties, both verbally and in writing, regarding the loan decision and requirements
• Review final conditions and approve or reject conditions as applicable, within prescribed authority, notifying branch personnel of status
• Review loans for second signature when credit authority level allows
• Consult with the Processing to ensure all underwriting conditions are met prior to issuing Clear to Close Approval or when declining a Loan