Mortgage Underwriter
Caliber Home Loans
Remote
Posted ago
Caliber Home Loans

The Remote Underwriter is responsible for reviewing all loan applications for compliance with underwriting, investor, government, and FNMA/FHLMC guidelines.

Responsibilities

Reviews/analyzes loan files submitted for borrowers to ensure file meets loan program requirements. Includes individual analysis of:

  • Loan application
  • Credit profile/report(s)
  • Debt and assets
  • Income/financial statements
  • Loan values/loan-to-value ratios
  • Appraisal reports
  • Collateral and supporting documentation

Other responsibilities include:

  • Identifies/calculates loan risk of loss
  • Conditions files for missing/supporting documentation
  • Revisits loans to review and clear conditions
  • Approves, counters or denies loan file
  • Escalates fraud files to Credit Manager/Risk Management team
  • Respond within SLA to all loan specific audits/findings

This position is considered a non-loan originator position, this means participants may not engage in activities of a loan originator, including: communicating directly with borrowers about credit qualification or loan terms, including pricing concessions or other transaction-specific terms or conditions.

Qualifications

  • High School Diploma or equivalent required; 4-year college degree preferred.
  • Minimum 3 years of residential mortgage underwriting experience.
  • Experience working with Fannie Mae Desktop Underwriter and Freddie Mac Loan Prospector.
  • Knowledge of FHA, FNMA and FHLMC policies and guidelines.
  • Knowledge of mortgage loan processing, compliance, investor products and underwriting guidelines.
  • Knowledge of mortgage insurance (MI) guidelines.
  • Working knowledge of various fraud tools.
  • VA/LAPP, FHA DE (CHUMS), and SAR preferred.

Compensation
$90,000+ per year
About Caliber Home Loans

Caliber Home Loans, Inc. is one of the nation's fastest-growing direct mortgage lenders.

Caliber benefits and perks will WOW you!

Our benefits package includes comprehensive medical, dental, and vision insurance, short-term and long-term disability, 401(k),10 employer-paid holidays, as well as numerous employee discount programs.

We are proud to be a military-friendly employer and provide paid leave during military assignments for employees who serve in the Guard or Reserve.

Caliber is an equal opportunity employer.

Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled

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