Mortgage Loan Underwriter

Bank of England / Bank of England Mortgage

Mortgage Underwriter

Job Description

Typical business work hours are 8 : 00 A.M. to 5 : 00 P.M. Monday through Friday, this will depend on time-zone support needed and some over-time may be required. As a Mortgage Underwriter, you will be expected to demonstrate a sense of urgency, willingness to work closely with others, and be part of a team whose primary

focus is service to our internal and external customers.

Purpose :

The position is responsible for the underwriting of portfolio and secondary market loans that comply with Bank of England / Bank of England Mortgage loan policy and

investor guidelines. This position provides administrative support for the Residential Loan Underwriting Department which includes : reviewing mortgage files for accuracy and compliance, underwriting and presenting loans to senior management for approval, preparing files for loan closing, reviewing and analyzing reports, sending internal and intra-company correspondence, inputting data, and meeting all scheduling requirements. Other responsibilities include providing working direction to the loan officers and processors and complying with internal and external guidelines and requirements. This position is non-exempt.

Essential Functions / Duties :

• Perform loan file review and underwriting to determine compliance with investor guidelines, underwriting philosophy, policy and procedures. Ensure timeliness, accuracy and productivity levels established by management.
• Review sources of income and verifiable income amount in order to ascertain correct debt-to-income calculation. Assess the overall risk and credit quality of loans

based on transaction type, analysis of income, assets, credit and collateral.

information to render a loan decision, and effectively present loans to higher lending authorities.

was calculated correctly. Use of a financial calculator.

Essential Requirements :

O High School Diploma or GED equivalent required, some college preferred; BS degree desired.

O A minimum of three (3) years current Mortgage Underwriting work experience in Underwriting Conforming and / or Non-Conforming mortgage loans.

O Excellent Proficiency in computer skills with Microsoft Office / Word, Excel, Financial Calculator and Mortgage Loan Applications / Software) Encompass 360.

O Excellent customer service skills; written and oral communication skills and ability to demonstrate control, flexibility and maintain quality and high productivity

when dealing with changing work demand.

O Working knowledge of various fraud tools

O Working knowledge of mortgage insurance (MI) guidelines

O Possess strong analytical and decision making skills.

O Ability to multi-task and operate in a high-volume, fast-paced environment.

O FHA, FNMA, FHLMC, VA, and / or RD experience is preferred.

O Must be able to perform essential responsibilities with or without reasonable accommodation.