Full-Time Senior Mortgage Underwriter (DE or SAR/LAPP)

The Underwriter position is very essential to building a successful mortgage team. The primary focus is to exceed our client’s expectations and deliver exceptional service. This position is crucial in the development of strong, lasting client relationships by delivering timely, accurate and detailed underwriting decisions. Representing our company in a positive, professional and compassionate manner is essential.

• A sense of urgency and importance is required at all times.
• A positive “can-do” approach to every file submitted is expected.
• The goal is to find a way to approve every loan.
• All new loan files are underwritten per the daily departmental standard set by Management.
• Underwriting turn time is to be no more than what is currently posted.
• All Conditions are to be reviewed within stated turn time for file.
• All Resubmissions are to be reviewed within posted turn times for conditions or new loan submission depending on reason for resubmission.
• All Funding Conditions are to be reviewed as they are presented, same day and within sufficient time to accommodate funding.
• Run or re-run DU/DO as necessary to complete underwriting review.

The Underwriting checklist must be completed and placed in every file reviewed. Encompass must be accurate and updated throughout the day to reflect the current disposition and decision date.

All conditions must be presented in a clear, specific and uncomplicated format and must be limited to items relating to the underwriting approval only. Multiple conditions should not be lumped together. Summit Funding’s operating system must be utilized at all times to communicate and generate all underwriting decisions.

All files considered for decline must be reviewed with the Operations Manager before the final decision is generated. Files are not to be sent to an investor for review or approval consideration without first being underwritten by a Summit Funding underwriter. The Underwriting Manager must approve all investor submissions.

Requirements:

• 5 years of current or recent experience underwriting residential home loans for a retail lender working with multiple states
• Must have either DE or LAPP/SAR, both highly preferred
• Comprehensive knowledge of Conventional loan program guidelines and a thorough understanding of automated underwriting engines.
• Solid Time Management skills and the ability to organize prioritize and perform multiple tasks simultaneously.
• High level of proficiency with mortgage loan processing and underwriting systems.

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