Contract Due Diligence Underwriter

What You're Great At:

You are someone who enjoys digging in to ensure loan files are accurate and compliant with regulatory standards. You understand what's needed to properly investigate inconsistencies in loan files to protect against fraud, negligence, errors, and omissions. Specifically, you bring:

Strong working knowledge and experience in the LauraMac Due Diligence software system
5+ years of current experience in underwriting, preferably with prior experience in Quality Control
Minimum 1-year Due Diligence experience at a mortgage lending institution
Familiarity with best practices for post-close quality control on newly and seasoned originated mortgages
Strong knowledge of Fannie Mae/Freddie Mac guidelines, QM/ATR
Proficiency in Non-QM loan processes and requirements
A deep understanding of DSCR/business purpose loans
The ability to work with multiple investor guidelines and overlays
Strong ability to properly calculate income across a variety of earning types, from wage earners to business/self-employed income
Strong appraisal review skills
Excellent analytical and communication skills
Proficiency in pipeline management with the ability to multitask in a high-volume environment
The ability to work independently as well as contribute in a team environment

What You'll Do:

Review mortgage loan files to ensure the accuracy of the information and verify the presence of all required documents
Perform due diligence review of the residential mortgage loan application and documentation as submitted to ensure loans meet specific investor/product guidelines and AUS requirements as applicable
Analyze borrower's credit profile, collateral, and capacity to repay the proposed mortgage obligation, including accurately calculating income and ensuring the borrower's ability to repay
Properly calculate and analyze loan-to-value ratios and debt carried
Analyze purchase contracts, title commitments, and other loan-pertinent documentation
Enter review results into the company's proprietary software
Execute risk analysis and make decisions regarding deficiencies identified during the review process, recommending resolution
Stay current on all agency, state, and multiple investor guidelines
Participate in ongoing training as the industry evolves
Manage time efficiently and prioritize workloads to meet minimum daily production goals
Clear QA feedback and perform within department audit standards
Adhere to the company's Core Values
Other duties as assigned by manager