MORTGAGE LOAN UNDERWRITERS/DUE DILIGENCE PROFESSIONALS

MORTGAGE LOAN UNDERWRITERS/DUE DILIGENCE PROFESSIONALS

 

Job Functions:

-  Review loan application packages for completeness and accuracy.

-  Compare application information against system input; confirm data fields.  Identify underwriting/data discrepancies and other diligence issues.

-  Verify and validate income, assets and liability documentation to support underwriting decision.  Calculate and verify income structure (employment verification, tax returns, divorce decree, alimony, etc), verify funds to close (verification of deposits, gift funds, IRA, 401K, sale of assets, etc).

-  Review loans for compliance related items, i.e. TILA, ROR, and miscellaneous disclosures. 

-  Review and verify credit report (FICO pay history, debt validation).

-  Review other real estate owned (i.e., disposition of property, rental income).

 

Requirements:

-  At least one year of front-end or due-diligence underwriting experience.

-  Interpretation and application of lending documentation, credit reports and income/assets calculations.

-  Knowledge of the principles and regulations applicable to mortgage lending.

-  Understand tools and terminology relative to the appraisal process sufficient to perform collateral reviews.

-  Knowledge of scratch & dent, non-performing, and/or sub-prime loans is a plus! 

-  Possess ability to perform standard credit and income analysis.

-  Strong written and verbal skills.

-  College degree/training in finance/mortgage banking helpful.

-  Alt+A, Subprime, B/C Paper, and HELOC experience

-  Available for work immediately, and ability to maintain a flexible schedule.

-  Excellent PC skills and possess a high level of proficiency in Microsoft Office applications to include Excel, and Word

-  Demonstrate ability to work well with customers and clients

-  Demonstrate professional behavior and teamwork, punctual, dependable and adheres to company policies and procedures

 

Location:

This position requires a combination of local and travel assignments.

 

Please submit resume to:  Mortgage Data Management, Jerri Cech

  N56 W24879 North Corporate Circle #200

  Sussex  WI  53089

 

  OR


    Email:  Jerri@mdmc.com