Equity Underwriter

TEKsystems is seeking qualified candidates to be considered Appraisal/Equity Underwriter positions with a local Fortune 100 Credit Union!

This will be a Hybrid position, requiring at least 2 days per week in office in Winchester, VA.

Schedule: Monday - Friday, 8:00AM - 4:30PM

Basic Purpose:

To underwrite Conventional and Equity loan appraisal reports. To apply the established guidelines of Navy Federal, secondary market investors, and regulatory agencies to determine the acceptability and marketability of the property, and ensure the collateral is sufficient to secure the requested loan

Responsibilities:

• Manages a pipeline of appraisals; remains aware of pending due dates; monitors and acts upon appraisal updates and new assignments to ensure member service expectations are met
• Communicates to production staff, appraisers, and appraisal vendors any changes, revisions, or corrections that occur after initial delivery of the appraisal; ensures timely follow up
• Responds to inquiries from production staff and other business units concerning appraisals in review and advanced underwriting issues; addresses and documents issues in systems
• Reviews and decisions appraisal reports; determines and adds conditions to loan file in systems; issues counter offers and denials
• Reviews and considers effects of contracts related to property, such as age restrictions, HOAs, private water/septic/roads, etc.
• Conducts a thorough examination of all components of the appraisal report, including supplemental appraisal forms, ensuring that deficiencies, repairs, or special requirements have been notated
• Determines the acceptability and marketability of the property to ensure the collateral is sufficient to secure the loan
• Communicates professionally, proactively, and confidently with appraisers, appraisal vendors, and business partner
• Prepares highly detailed communications to appraisers and appraisal vendors in accordance with Appraiser Independence and other regulatory requirements
• Assists in the ongoing maintenance of online underwriting manuals
• Exercises judgment and discretion to analyze and solve more complex or unusual problems; assesses issues; may modify processes and procedures and develop alternate courses of action to complete work

Qualifications:

• Open to individuals with at least 2 years Senior Processing experience
• Significant underwriting experience to include appraisal only and/or full credit, FHA, VA, Equity, and/or Conventional loans
• Demonstrated in-depth knowledge of underwriting principles, secondary market (FNMA and FHLMC) and/or government (FHA/VA) guidelines, and relevant regulatory requirements
• Strong organization skills and ability to handle multiple tasks simultaneously with a high degree of accuracy in a high volume, fast paced environment
• Strong verbal, written, and interpersonal communication skills to include experience counseling, negotiating, or explaining decisions to members and vendors
• Current or prior conventional appraisal review experience, SAR/LAPP, and/or DE authority

About TEKsystems:

We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.

The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.