Underwriter II- Temporary

Overview

Join to apply for the Underwriter II- Temporary role at Cenlar FSB

Cenlar is the nation's leading mortgage loan subservicer. Our unique culture is defined by our core values of respect, trust, integrity and care. A promote-from-within philosophy, and opportunities for continuous professional growth make Cenlar a great place to launch or boost your career.

The Underwriter is responsible for performing a manual review of a complete assumption package, inclusive of all supporting documentation. The Underwriter will determine if the applicant qualifies to assume liability of the loan based on a credit review. This position will also be responsible for direct oversight of the Processors in the handling of the assumption file, escalating any concerns to management.

Responsibilities

• Provides oversight and acts as support to Processor in handling of file review and escalations through training and detailed advisement
• Manually underwrites all loan types in accordance with investor guidelines
• Ensures all origination guidelines, for federal / state regulations and investor requirements, are adhered to for underwriting review and decision
• Contacts business partners, third party vendors and investors with underwriting inquiries, as needed, to complete assumption process
• Files submission to investor for approval, if applicable
• Guides processors and provides reasonable and concise analysis and justification for conditions
• Manually reviews of the assumption file; inclusive of bank statements, W2 and other required documentation to complete determination
• Escalates any concerns identified in processing to Management
• Ensures compliance with timing of underwriting decisions, to be completed within 30 days of receipt of complete application
• Monitors investor guideline changes and leads the Processors through implementation while keeping management apprised of changes
• Responsible for the completion of OFAC checks on all approved files to ensure BSA compliance
• Completes system updates on FHA Connection post-closing
• Handles audit inquiries, as needed
• Communicates effectively with clients, vendors, and internal departments by phone and correspondence
• Assists in other areas and with the performance of other functions of the department
• Other duties as assigned
• Appropriately assess risk when business decisions are made, include but not limited to compliance and operational risk. Demonstrate consideration for Cenlar's reputation as well as our clients, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Partial Release Responsibilities

Qualifications

Loss Mitigation Underwriters and Repayment Team

It is critical that you have an understanding of the following :

Escrow Analysis

It is critical that you have an understanding of the following :

Total Rewards

At Cenlar, you'll receive an outstanding benefits package that includes paid medical, dental, and life insurance, 401(k), and tuition assistance as well as opportunities for training and professional advancement.

Cenlar is a drug-free workplace and an equal employment opportunity / affirmative action employer M / F / D / V / SO.

Pay Range Details

$50,716.00 - $77,596.00 Annually

The actual compensation offered will depend on factors including but not limited to the candidate's experience, qualifications, skills, and location. This range represents the reasonable minimum and maximum salary the company expects to pay for this position.

Seniority level

Employment type

Job function

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