Credit Risk Underwriter

POSITION SUMMARY:

The Credit Risk Underwriter position is critical in supporting overall tasks, projects and direction of the Risk Management department.  The position is vital in supporting Underwriting, Quality Assurance, Operations, and Origination managers and associates.

PRIMARY DUTIES AND RESPONSIBILITIES:

Assist the VP of Credit Risk Management in the day to day services provided by the department.

Specific duties include but are not limited to independently performing:

• Assist underwriters, loan originators in correctly calculating difficult and complicated income asset, credit, appraisal scenarios on loans in process.
• Assist underwriters, loan originators in assessing questionable occupancy and loan type scenarios on loans in process
• Assist loan originators with loan scenarios prior to submission to underwriting
• Underwriting research and response to FHA and VA single loan deficiency letters and assist QA in research and response to investors request for repurchase and Lennar Mortgage audit exceptions for potential non-quality loans.
• Stay abreast of industry guidelines, policies, trends, practices, regulations, procedures; and disseminate such information for review throughout the company
• Review and grade new hire underwriters in their test case process
• Assist with condo approvals
• Assist with Bond/DPA program reviews, updates and approvals
• Back up support for loan review/status calls
• Assist with implementation of underwriting information transfer over to our internal knowledge repository

PHYSICAL REQUIREMENTS:

Requires the ability to operate a personal computer, fax machines, copier, scanner, climb stairs, bend, stoop, reach, lift, move and carry materials and supplies weighing 20 pounds or less.  Finger dexterity is required to operate a computer keyboard.

ADDITIONAL REQUIREMENTS:

• Key to the application of the company’s quality initiative as it relates to a broad spectrum of Real Estate Mortgage Underwriting Guidelines.
• 5 years minimum underwriting experience
• Prefer fully designated conventional/FHA/VA. Will consider a candidate with extensive knowledge of FNMA/FHLMC guidelines, willing to train and obtain designations
• Must possess effective verbal and written communication skills, and the ability to interact with and influence management and staff at all levels
• It is imperative this underwriter be viewed with confidence, respect and trust, and is timely in following through on tasks.
• Must work with a sense of urgency and possess the ability to multi-task and address and resolve assorted concurrent issues.