Underwriter, Wholesale, Senior

Wholesale Underwriter

Come join our amazing team and work remote! The Wholesale Underwriter will underwrite loans in accordance with the company and investor guidelines following company policies and procedures under general supervision. Makes sound underwriting decisions and ensures that all decisions meet legal and policy requirements. Perform all duties in accordance with the company's policies and procedures, all US state and federal laws and regulations, wherein the company operates. The target pay range for this position is $100,000.00 to $115,000.00 plus monthly incentive plan.

What You'll Do :

• Performs a thorough analysis to ensure the quality of each loan and to determine compliance with company and investor guidelines.
• Performs a thorough analysis of collateral to ensure property meets investor guidelines and the appraisal quality and completeness is acceptable.
• Applies and interprets company underwriting guidelines and makes sound credit decisions.
• Completes credit, analysis of income, analysis of property, ensures proper audits are completed and verifies consistency of loan file information.
• Identifies risk factors within each loan and utilizes resources, tools, and documentation to detect red flags and clear inconsistencies.
• Reviews and evaluates credit information on mortgage loan documents to determine acceptability for specific loan programs.
• Determines any conditions, stipulations, or pre-funding requirements.
• Reviews and clears underwriting conditions, stipulations, or pre-funding requirements received.
• Communicates with clients, sales teams, and operations teams to resolve outstanding issues as they arise.
• Assists departmental support staff when necessary.
• Resolves and responds to post-closing credit exceptions received from investors and auditors when required on loans underwritten.
• Maintains ongoing knowledge of investor guidelines, updates, and trends as applicable to underwriting position.
• Completes second signature underwriting review on loan files underwritten by junior underwriters and within designated authority as needed.

A thorough knowledge of mortgage loan underwriting. Maintains highly confidential information concerning loan applicants. Requires high-level organizational skills and ability to work on several tasks simultaneously. Constant contact with loan officers and internal office staff. Significant coordination of various duties required. Office machines such as computer, copiers, fax machines, and the telephone. Ability to communicate effectively both verbally and in writing. Ability to handle detailed assignments.

What You'll Need :

Our company, Carrington Mortgage Services-Wholesale Lending, is part of The Carrington Companies. We provide third-party originators, mortgage brokers, and financial institutions with access to government and conventional loan programs, as well as low credit score home financing and low down payment options. We hope you'll consider joining our growing team of uniquely talented professionals as we transform residential real estate.

What Is The Value Proposition To Joining The Team?

What We Offer :

Carrington is an equal opportunity employer. It is the policy of the company that applicants be considered for positions for which they qualify without regard to race, color, religion, sex, national origin, ancestry, age, marital status, sexual orientation, protected veterans status, physical or mental disability or any other legally protected category. Carrington will make reasonable accommodations for known physical or mental limitations of a qualified applicant or employee with a disability unless the accommodation will impose an undue hardship on the company.