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Mortgage Compliance Underwriter in Windsor Heights, IA at Accounting Now

Date Posted: 7/23/2018

Job Snapshot

Job Description


SNI Companies has successfully placed hundreds of mortgage professionals with a premier national mortgage consulting firm. Our long-standing client is a 3rd party mortgage consulting firm that processes ONLY post-closed loans making business demands immune to the fluctuating market.
This client offers competitive hourly pay with overtime potential, flexible scheduling, industry security, and professional advancement opportunities. They have multiple openings available now with training classes scheduled every week due to significant growth.
Background, drug screening and skill testing required.
Position Overview:
The Mortgage Compliance Underwriter examines residential mortgages for regulation and compliance accuracy. Candidates will be adept with RESPA/TRID, credit guidelines, and underwriting. The role also utilizes general knowledge of various loans types such as Conventional, FHA, VA and USDA loans.
Essential Responsibilities:

  • Demonstrate thorough knowledge of mortgage industry credit guidelines and policies for VA, FHA, FNMA, FHLMC & USDA
  • Must possess a complete understanding of Fannie Mae's DU and Freddie Mac's LP systems
  • Demonstrate a high level of fluency of complex personal and business financial analysis to include credit, income, assets and compliance documentation
  • Knowledge must include: calculation and verification of income & assets, evaluation of credit reports, purchase contracts, appraisals, title commitments, and other loan pertinent documentation
  • Analyze tax returns and /or financial statements for Self-Employed Borrowers, Partnerships, S Corporations and/or C Corporations
  • Exhibit working knowledge of AUS analysis to determine applicable loan conditions
  • Exhibit working knowledge of appraisal evaluation to identify deficiencies therein
  • Record and articulate inconsistencies throughout documentation review
  • Perform pre-funding underwriting review of recently closed Correspondent mortgage loans to identify and set pre-funding conditions.



Suggested Requirements:

  • Current or previous signing authority of $500,000 or more preferred ($750,000 or higher for Jumbo)
  • Manual underwriting experience preferred
  • Minimum of 5 years' mortgage experience as a frontline underwriter or due diligence/back-end underwriter with emphasis on credit review
  • Excellent PC skills and possess high level of proficiency in Microsoft products
  • Demonstrate professional behavior and teamwork, punctual, dependable and adhere to company policies and procedures
  • Strong analytic ability, good judgment, strategic and multidimensional thinker
  • Strong commitment and dedication to the position and a Team Player

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