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DE Underwriter

Feasterville Trevose, PA

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Description

RemX has partnered with a large mortgage company in Philadelphia, PA to assist in their search for a DE Underwriter for a contract-to-hire opportunity. Qualified candidates must have a direct endorsement certification from HUD. Please submit your resume for immediate consideration.

DE Underwriter Job Description:

  • Evaluate real estate appraisal to ensure proper guidelines are followed and final value is properly determined.
  • Calculate debt-to-income ratios on loan applicants.
  • Review all Marital/Separation Agreements, Divorce Decree, Child Support or Alimony documentation, Equitable Distributions and Installment land contracts
  • Prepare the loan approval for all loans prior to submitting file to processing.
  • Review and determine all required disclosures are in every file.
  • Review credit reports to determine all accounts are present on the loan application and make corrections in byte, then submit back through Automated Underwriting System (AUS) for updated finding.  
  • Review and analyze paystubs, W-2’s, personal or business tax returns and request any additional documentation required to determine the income.  Make necessary changes in system then submit back through Automated Underwriting System for updated finding.    
  • Explain reasons for denial and explore options for members when loans are denied.
  • Respond to Internal and External Quality Control Audits.
  • Determine correct loan level price adjustments on Conventional Loans
  • Assist with the review of loan files to determine if the loan can be approved or if additional documentation is required to render a decision.

Job Requirements

DE Underwriter Requirements:

  • Advanced knowledge of current Federal National Mortgage Association and PMI Guidelines
  • At least five years of experience in mortgage lending. 
  • Active CHUMS ID
  • Considerable judgment is required.  Must analyzed complicated factual situations, apply functional principles and develop solutions.
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