Underwriter

Underwriter

Location

Middletown, RI Hybrid optional based on manager's discretion (Hybrid is considered 3 days in the office)

Department

Underwriting

Reports To

Underwriting Team Leader

FLSA Status

Non-Exempt (eligible for approved overtime)

Salary Range

$31.00 - $36.00 per hour depending on experience

Business Unit

Credit Operations

Physical Demands & Work Environment

Work Environment : Office or Home

Possible Work Hazards : Minimal

Physical Demands : Light

While performing duties of job, employee is occasionally required to stand; walk; sit; use hands to finger, handle, or feel objects, tools, or controls;

reach with hands and arms; talk and hear. Employee must occasionally lift and / or move up to 5 pounds. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Embrace Home Loans is an Equal Opportunity and ADA compliant employer, committed to diversity in the workplace.

Job Description Disclaimer :

This job description is a general description of essential jobfunctions. It is not intended as an employment contract, nor is it intended to describe all duties someone in this position may perform.

All employees are expected to perform tasks as assigned by supervisory personnel, regardless of job title or routine job duties.

Disclaimer for Connecticut Applicants :

The applicant is not required to disclose the existence of any erased criminal history record information, erased criminal history record information are records pertaining to a finding of delinquency or that a child was a member of a family with service needs, an adjudication as a youthful offender, a criminal charge that has been dismissed or nolled, a criminal charge for which the person has been found not guilty or a conviction for which the person received an absolute pardon or criminal records that are erased pursuant to statute or by other operation of law, and

Any person with erased criminal history record information shall be deemed to have never been arrested within the meaning of the general statutes with respect to the proceedings so erased and may so swear under oath.

Work Location Information :

Embrace supports hybrid work where business needs allow, but is rebuilding a community that looks forward to collaboration within an office setting.

All remote work, if allowed, must be performed in a state in which Embrace is registered to do business or presently open to payroll withholding, unemployment insurance as well as workers compensation.

Those states are as follows : Alabama, Arizona, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Massachusetts, Maryland, Maine, Minnesota, Missouri, North Carolina, New Hampshire, New Jersey, New York, Ohio, Oregon, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and West Virginia.

Even if remote work is permitted, some presence in an office may be necessary based on needs, the nature of work, or in support of corporate sponsored events designed to build community.

If your position requires an MLO license, you must be employed within commutable distance of an Embrace office (no home offices) and open to reporting to the office location when required.

Job Summary

This position requires that candidates already be certified to underwrite 5 out of 6 following loan types : Conforming, FHS DE Designation, VA LAPP and VA SAR designations or must obtain VA within 1 year, recent VA underwriting experience within last 2 years, Jumbo and Beyond.

Lastly, candidates must have a proven track record of exceptional customer service, demonstrated ability to provide leadership to teammates in team leader’s absence, and commitment to honoring Embrace’s values in the workplace.

Responsibilities & Activities

The role will be responsible for Underwriting functions including :

• Underwrite residential mortgage loans in accordance with VA / HUD and internal guidelines ensuring compliance with company and investor standards.
• Analyze files to ensure loans meet all program and product requirements for designated investor / agency.
• Review and analyze the loan application and supporting documents in order to determine if the borrower is capable of paying back the mortgage.
• Request additional information as needed on all documents to help determine loan risk.
• Counsel sales on potential counteroffers and communicating loan decisions to sales teams.
• Meet all departmental goals for productivity, quality, corporate service level commitments and adherence to all fair lending practices.
• Remain current on all product / investor guidelines as well as company policies and procedures.
• Effectively manage daily and weekly / monthly review goals.
• Communicate and document reasons for approval or rejection of loans so clients and loan officers are well-informed of decisions.

Required Competencies

Mortgage Industry Knowledge Familiarity and exposure with home loans and residential mortgages such as Conforming, FHS DE designation, VA LAPP, VA SAR designations and VA conventional loans.

At least 2 years of mortgage underwriting experience or mortgage lending experience required.

• Customer and Personal Service Exposure to meeting quality standards for services in order to uphold the company’s exceptional customer service reputation.
• Mathematical Skills - Ability to do equations and arithmetic at a middle school grade level in order to avoid costly economic errors on behalf of Embrace Home Loans.
• Information Gathering Analyze and collect borrower financial information, documentation and records in order to identify and prevent financial risks to the company.
• Time Management Manage loan pipeline to ensure that deadlines are met on or before due date in order to keep the pipeline flowing properly.
• Microsoft Office Suite Proficiency navigating and using Outlook, Word and Excel in order to attend virtual meetings, create appointments with clients and record or manipulate customer data.
• Collaboration / Communication Work alongside internal team members such as loan originators, loan processors and closing officers to provide a constant flow of communication regarding the loan application status.
• Strong Ethics - Comply with federal regulations and Fair Housing Act requirements, in addition to Embrace Home Loans’ specific guidelines and practices.
30+ days ago