Job Posting for DE Underwriter at PHH Mortgage Site
Job Description
The Underwriter reviews, conditions and underwrites mortgage loans in accordance with established policies and procedures and appropriate guidelines; examines all documentation for accuracy and completeness.
Job Functions and Responsibilities:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Examples below:
Review and analyze the mortgage loan application to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines to minimize risk factors
Review all required loan data, reports, and inspections to insure the collateral is acceptable to investor, company, and FHA guidelines
Responsible for making independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines.
Provides final approval underwriting of mortgage loans.
Completes all required paperwork and forms in a timely and accurate manner; prepares required forms
Sign off conditions in a timely manner set by management
Work with staff and management to find solutions on escalated loans
May be requested to make recommendations for improving Internal Audit’s policies and practices
Manage loans by using all functions of Encompass
Effectively communicate underwriting decisions with processors and advisors
Maintain high level of customer service and communication with other departments
Other duties as assigned
QUALIFICATIONS:
To perform this job successfully, an individual must have the following education and/or experience:
Two to four years related experience or equivalent, DE Underwriter required
Must have mortgage industry experience.
Thorough working knowledge of real estate documentation, policies, compliance, and procedures
High level of proficiency with mortgage loan processing and underwriting systems
Commitment to excellence and high standards
Excellent written and oral communication skills
Strong organizational, problem-solving, and analytical skills
Ability to manage priorities and workflow
Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm
Acute attention to detail
Proficient on computer programs required for position
Excellent customer service skills
Proven ability to handle multiple projects and meet deadlines
Good judgment with the ability to make timely and sound decisions
Ability to effectively present information and respond to questions
Salary.com Estimation for DE Underwriter in Mount Laurel, NJ
$74,167 to $97,527
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