About the opportunity
The Homeward Mortgage Team is responsible for conducting the financial review and approval of every customer that works with Homeward. We're focused on bringing financial innovations to life and delivering a seamlessly integrated mortgage experience. We are the newest team at Homeward and are looking for subject matter experts and business people with an entrepreneur's mindset and ability to get stuff done.
As part of the team, you'll be ensuring that we work with high-qualified customers meeting Homeward's eligibility criteria. Your role is to support the optimization of our mortgage underwriting policies and procedures to ensure we originate high-quality loans that conform to investor and internal requirements. This position will challenge your ability to establish and implement complex operational processes while working cross-functionally with other critical teams including product, engineering, and customer experience among others.
Note: This role has 4 available shifts Friday-Tuesday, Tuesday-Saturday, Sunday-Thursday, or Friday-Monday(hours extended). Please be prepared to talk through which shift you prefer.
Responsibilities will include:
Review and analyze the mortgage loan application to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines to minimize risk factors.
Review all required loan data, reports, and inspections to ensure the customer is acceptable to the investor and the company.
Make independent decisions regarding acceptance and risk of loans according to FNMA/FHLMC, company, and investor guidelines.
Core underwriting experience is a must. Good working knowledge of all 4 C's of Underwriting. (i.e. Credit. Capacity, Collateral and Capital).
Review the borrower's profile including credit, income, assets, collateral, compliance, employment, and other lending risks such as interested party involvement.
Sign off on conditions in a timely manner set by management.
Work with staff and management to find solutions on escalated loans.
Make recommendations for improving internal audit's policies and procedures, as requested.Manage your individual pipeline by using all functions of Encompass.
Effectively communicate underwriting decisions with processors, loan advisors and other members of the company.
Maintain a high level of customer service and communication with other departments
Contribute to the ground-up build out of our mortgage origination process.
Collaborate with internal teams to creatively solution for challenging underwriting scenarios
Review escalation and exception requests
Shape Homeward's transaction eligibility requirements and related underwriting processes
About you:
3+ years of experience underwriting FNMA, FHLMC, FHA, VA, and Non-Conforming (Jumbo) mortgages, wholesale underwriting experience a plus
FHA and VA designations also a plus
Expert knowledge of Desktop Underwriter (DU) and purchase mortgage underwriting
Strong written and verbal communication skills
Ability to thrive in a fast-paced, high production environment
The drive to build something new
