(THIS IS A REMOTE POSITION)

POSITION SUMMARY

The Underwriter underwrites low-risk and standard risk mortgage insurance application files for acceptable risk in accordance with company and industry/investor guidelines.  The Underwriter’s review and loan decision are based on a prudent and comprehensive credit risk assessment consistent with policy requirements.  This position is remote however, the working hours are 8:00 am - 5:00 pm (PST).

JOB DUTIES & RESPONSIBILITIES

• Underwrite individual mortgage loan submissions within National MI , GSE, and established program approval guidelines. Productivity must meet department standards.
• Review, with a high degree of accuracy, loan scenario parameters, income and employment documentation, available assets, credit reports, AUS supported appraisal evaluation and full Appraisal and applicable ratios (i.e., Debt-to-income and Loan-to-value) to determine underwriting decision.  Detailed analysis of tax returns, and financial statements will be required in standard Risk reviews and risk decisions.
• Evaluate/Examine transactions and loan data elements for accuracy and completeness.
• Reconcile documents to ensure they are consistent and adhere to company and investor/industry guidelines.
• Evaluate loan submissions to identify red flags using fraud detection techniques or refer to management as appropriate.
• Determine recommendations for counteroffers to facilitate renegotiation of loan structure within risk management guidelines.
• Communicate directly with Underwriting Manager/Director to gather information to make appropriate decisions.
• Document rationale with   supporting comments behind credit risk decisions.
• Communicate timely and effectively with internal staff to maintain high level of customer service.
• Underwrite low-risk or standard risk loans within established company service level agreements including conditions or trailing documents.
• Communicate effectively with Customers, Sales Advisors, Solution Center Team, and other internal departments conveying accurate underwriting guideline and policy information in a timely manner.
• Perform ad hoc responsibilities, as needed.

SKILLS & KNOWLEDGE

• High school diploma or equivalent, with college education preferred.
• Minimum of four years mortgage underwriting experience.
• Minimum of one year of remote underwriting experience.
• MI Risk experience preferred.
• Proficient in Microsoft Office.
• Ability to understand and interpret Desktop Underwriter (DU) and Loan Prospector (LP) Findings.
• Ability to enforce credit policies while maintaining Lender relationships.
• Strong organizational, interpersonal, written and oral communications skills.
• Strong customer service skills and values.
• Maintains confidentiality of information and uses information appropriately.
• Team player with selfless attitude.
• Able to work independently, as well as in a team setting.

 

Base Salary Range: $67,800 - $86,400/year

 

*Posted Base Salary Range applies to current posting and may change in the future. The posted Base Salary Range may vary for key factors including, but not limited to, location, experience and skill set. Benefit eligibility includes healthcare, life and disability insurance, 401(k), monthly allowance, 20 days of PTO, 10 paid Holidays, and bonus and equity potential. Additional benefit offerings may be found at https://www.nationalmi.com/career-benefits/.

 

National MI is an Equal Employment Opportunity employer and is committed to a diverse workforce. We value and actively seek to recruit, develop, and retain individuals with varied backgrounds and experiences reflecting the full diversity of the communities that we serve. It is the policy of National MI to comply with all applicable laws concerning the employment of persons with disabilities.