Scenario Support

Position Summary:

Brainstorm “What If’” scenarios and inquiries to assist Operations Team. Restructure a problematic loan, recommending alternative product/Investors, and offering suitable credit decisions to keep clients and production staff satisfied. Responsible for all conforming and high-balances loans for both DU/Fannie Mae and LP/Freddie Mac underwriting; ability to underwrite loans using most AUS systems such as DO/DU/Fannie Mae, LP/FHLMC. Experience with most MI Company’s guidelines; MGIC, Genworth, AIG, PMI. Evaluated and analyzed complex business tax returns, partnership and corporation for all submitted loan files.

Responsibilities:

• Analyze Bank statements for income
• Review DSCR loans and other Non-QM income types
• Respond to scenario questions posed by Loan Officers and processors.
• Provide income calculation for loan officers to ensure the income utilized in prequalification is accurate
• Review and decision credit, income, asset and property documentation on designated loans for compliance and investor guidelines.
• Identify and work through alternatives with higher level Underwriter or Supervisor for loans that fall outside of guidelines
• Demonstrate the ability to translate underwriting guidelines with application of mitigating factors, when applicable, to ensure proper salability to investors
• Communicate both in writing and orally with investors, and loan officers, and processors
• Research and comprehend complex investor guidelines.
• Recommend alternative loan structures when appropriate.
• Consistently meet established productivity and quality measurements on a consistent basis
• Review tax returns for self-employed borrowers and determine viable income.
• Provide accurate and correct written correspondence to internal customers.
• Adhere to department turnaround standard of 24 hours.
• Other duties may be assigned.

Qualifications:

• Must have strong customer service skills, excellent communication skills (verbal and written)
• Ability to review and interpret multiple investor guidelines
• Familiar with Non-QM income types
• Must demonstrate strong attention to detail, strong analytical skills and sound decision-making ability
• Must demonstrate interpersonal skills with the ability to interact with other departments and third parties in a professional manner
• Must demonstrate the ability to manage multiple priorities and meet deadlines in a fast paced, high volume work environment with proven follow up and organizational skills required

• Superior knowledge of and experience with property and credit underwriting requirements of FNMA, FHLMC, FHA and VA, as well as other loan programs and private mortgage insurance companies.
• Excellent written and oral communication skills.
• Superior analytical, organizational and problem-solving abilities.
• Ability to work independently, analyze data, take and recommend appropriate actions with minimal supervision.
• Capability of working in a fast-paced environment, under pressure and meet time-sensitive deadlines, all while maintaining a high level of professionalism.

Desired Education/Experience:

• High School diploma or equivalent.
• Five or more years' mortgage underwriting experience.
• Current experience underwriting VA mortgage loans.
• Direct Endorsement (DE) and/or LAPP/SAR certifications.

Work Authorization: Must be able to verify identity and employment eligibility to work in the U.S.

Other Duties: This job profile is not intended to be an all-inclusive list of job duties and responsibilities, as one may perform additional related duties as assigned in order to meet the needs of the organization.

Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Must be able to lift up to ten pounds. Primary functions require sufficient physical ability and mobility to work in an office setting; to stand or sit for prolonged periods of time; to occasionally stoop, bend, kneel, crouch, reach, and twist; to lift, carry, push, and/or pull light to moderate amounts of weight; to operate office equipment requiring repetitive hand movement and fine coordination including use of a keyboard; and to verbally communicate to exchange information. VISION: See in the normal visual range with or without correction. HEARING: Hear in the normal audio range with or without correction.

[EOE/M/F/D/V. Drug-free workplace.]

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