Conventional Underwriter

Title Grade: I (Junior) or II (Senior)

Reports to:

Underwriting Manager

Department:
Credit
Status:
Full-Time

FLSA Status:
Non-exempt
Pay Grade:
Salary (DOE)

Our Credit Team is the primary player in making sure that our loans meet company, investor, industry, and regulatory standards. Underwriters are a wealth of knowledge on loan transactions, and the reason that Gold Star has become an industry leader in service and quality. Mortgage Underwriters pride themselves not only on paying close attention to detail, but also in serving as a resource for questions, scenarios, and to help ensure that our clients receive the “white glove treatment” of the industry.

We seek individuals who have a strong desire to challenge themselves in a fast-paced, high energy atmosphere, and who have the resourcefulness to stand out among the best.

• Carefully review loan applications, including all loan related documents and disclosures, including but not limited to: loan approval, 1003, URAR, income and asset information, reserves, tax information, GFE/TIL/LE/CD, and enter data completely and accurately into Gold Star’s LOS
• Underwrite loans and review loan conditions for final approval, and provide explanation where appropriate for rationale behind credit decisions
• Meet daily production goals for new underwrites and conditions
• Where possible, identify and recommend alternative loan structures to find viable solutions for credit applicants
• Utilize DO/DU/LP and other automated underwriting systems, properly verify and calculate income, assets, employment, and other pertinent loan information
• Stay abreast of changing company policy, mortgage regulations, laws, and generally accepted industry best practices, and be willing to take initiative to train and stay informed
• Field calls related to loan level questions, scenarios, and conditions, as well as provide thorough, detail oriented responses in a timely manner
• For Senior Underwriters: underwrite and condition difficult files with atypical credit profiles
• Complete other duties as assigned

• High School Diploma or equivalent required
• At least three (3) years of prior experience in underwriting or risk assessment required
• Have a strong knowledge of all fair lending laws, net tangible benefit requirements, and laws for decisioning loan applications such as Truth in Lending, Equal Credit Opportunity, and their associated regulations
• Solid understanding of lender/borrower paid compensation, TILA, RESPA guidelines and TRID
• Direct Endorsement required for FHA loans and SAR for VA (Staff Appraisal Reviewer)
• Strong understanding of investor and agency underwriting guidelines
• Must have exceptional attention to detail and strong organizational skills
• Must be dependable with meeting deadlines and managing time
• Have an ability to work independently on multiple files simultaneously
• Possess strong oral and written communication skills

• Two year degree or vocational certification, preferably in finance, mathematics, or accounting, required;
  Bachelor’s degree strongly preferred
• At least five (5) years of prior experience in underwriting or risk assessment preferred
• Knowledge of Encompass 360, Lexis Nexis, Core Logic, Mavent, and other fraud detection/ prevention systems preferred

The environment is characteristic of an office setting. Must be able to execute complex tasks on time sensitive transactions, and be able to work flexible hours including some evenings (after 6:00pm) and weekends.