We’re looking for a Residential Mortgage Underwriter ( FHA/DE & VA /SARR/LAPP). Local to Northern Virginia. No Remote.
Job Summary:
- Evaluate risk, review collateral and make appropriate loan decisions based on established underwriting guidelines, information and documentation provided in the loan file
- Calculate income, debt to income, loan to value and review appraisals
- Communicate the decision (approval, suspense, denial) to the appropriate individuals
- Reviewed, analyzed, and evaluated complex financial and asset statements, personal and business income tax returns for high net worth borrowers
- Evaluate credit packages and collateral for residential mortgage loans to ensure an investment quality loan product
- Verify accuracy of all calculations
- Determine and document loan conditions and communicate requirements and decisions to appropriate parties (account manager and/or loan officer / mortgage broker), both verbally and in writing
JOB REQUIREMENTS
Preferred Skills & Experience
- Minimum of 15+ years’ of residential underwriting experience ensuring compliance with corporate and investor standards including Fannie Mae and Freddie Mac
- FHA/DE & VA /SARR/LAPP
