Nature & Scope:

Positional Overview

Are you an experienced Mortgage Loan Underwriter seeking a direct hire opportunity where your expertise truly matters? Join our client’s dynamic team and play a critical role in re-underwriting previously closed mortgage loans, specifically commercial mortgages. You'll conduct in-depth due diligence on representation and warranty review assignments, ensuring borrower creditworthiness, strict compliance with underwriting and closing guidelines, and property acceptability as collateral. If you're detail-oriented and thrive on delivering accuracy in high-stakes reviews, this is your chance to make an impact while advancing your career in a supportive, results-driven environment.

Role & Responsibility:

Tasks That Will Lead To Your Success

• Complete predetermined testing associated with Representation and Warranties
• Prepare written documentation regarding results on testing
• Strong knowledge of residential mortgage underwriting; including income, asset, credit, and property underwriting; (consisting of recalculating income/assets, DTI, etc.)
• Analyze complex self-employed tax returns and financial documents
• Analyze and evaluate collateral through appraisals and other applicable evaluation tools
• Review fraud detection results used in underwriting
• Review and understand the Preliminary and Final Title Policy
• Thorough review and understanding of the mortgage process flow from origination to closing
• Strong knowledge of CFPB TRID QM/ATR and TILA rules and requirements
• Experience with Compliance Ease and Compliance Analyzer
• Assist in UAT testing of internal processing system updates
• Assist in the review of new deal documents when requested
• Maintain familiarity with mortgage industry regulations updates and underwriting guidelines
• Potential support to the Commercial Mortgage-Backed Securities operating advisor engagements.

Skills & Experience

Qualifications That Will Help You Thrive

• College Degree in business or related field
• 5-7 years of experience in the mortgage industry and commercial experience is highly preferred
• Minimum of 3-5 years of recent experience in mortgage underwriting
• Knowledge of applicable industry tools such as Core Logic, Lexis/ Nexis, AM Best, National Appraisal Registry, PACER, ComplianceEase
• Thorough understanding of mortgage lending, state and federal regulatory requirements including Reg Z, RESPA, Fair Lending, and TRID
• Understanding of secondary market requirements and underwriting policies, and procedures within required areas
• Experience with condominium and co-op reviews
• Loan closing experience
• Working knowledge of loan documentation requirements
• Working knowledge of the Title review process
• Experience with various mortgage products and loan programs
• Experience working with numerous originators and lenders a plus
• Experience with Conventional, Non-conventional, FHA, VA, and business purpose loans
• Experience with quality control auditing is a plus
• Experience with Commercial Mortgage loans in special servicing a plus