Underwriter
We are currently looking for an Underwriter to join our team at our Corporate Headquarters. As an Underwriter with Equity United, you will be responsible for the following:
- Receive and review loan applications and associated documentation to insure thoroughness and accuracy and follow prescribed guidelines. Rework loans to new terms or identifies additional conditions as needed. Verify loan-to-value ratios, completeness of application information and credit reports.
- Analyze credit reports and associated documentation, analyze appraisals, accurately calculate debt ratio, qualifiy and classify loans according to Company guidelines.
- Approve, decline and/or recommend loans within established credit guidelines and approval authority limits.
- Maintain acceptable turnaround times for applications submitted for pre-approval and on funding packages submitted for purchase.
- Contact brokers, if needed, for additional information when required to finalize incomplete loan packages.
- Maintain working knowledge of products, services and regulatory requirements, lending environment, regional variances, standard loan calculations and credit policies. Review current procedures and guidelines and recommend new processes as needed.
- Interact with Quality Control, Compliance, processing and Funding for problem resolution, risk evaluation and compliance concerns, as needed.
Qualified applicants will possess the following:
- A Certified Underwriter’s License.
- One year minimum experience in conforming underwriting such as LP, DU, and any other related programs. Minimum of three years in mortgage lending industry (including tax return and financial statement analysis, loan processing/funding). Thorough knowledge of consumer lending regulatory requirements; familiarity with interpreting and analyzing tax returns, real estate appraisals, title reports, credit bureaus and loan applications.
- Above average skills in the following areas: planning, organizing, problem solving, and communicating (written/oral).
| Medical Coverage |
Equity United Mortgage Corporation offers a Blue Cross / Blue Shield PPO. Employees may choose to add family members at their cost. |
| Dental Coverage |
Equity United offers a Dental Plan at Employee Cost. |
| Vision Coverage |
Equity United offers a Vision Plan at Employee Cost. |
| Direct Deposit |
Available. |
| Retirement Plan |
Equity United offers all eligible employees participation in our Legg Mason Simple IRA Plan on the first of the month following one year of employment. |
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Net branch
As an experienced loan originator, using our resources, size and strength, you can finally take charge of your financial future. As a loan originator with your present company, you are probably providing all of your own lead generation, doing all of your own processing and selecting which lender to submit your loan to. Essentially, you are doing the work of three people but are probably earning only one-third of the pay. Equity United offers you the opportunity to take control of your financial future, to stop making other people rich and start earning the money you deserve. Unlike a typical net branch, we do not require that you have an office, invest in equipment, or pay a large deposit. As a Equity United Net Branch, you earn all of the broker fees and all of the yield spread premiums, minus a small per loan fee. You are responsible for originating, advertising and selecting which lender to submit your loan to--probably exactly what you are doing now, but we process the loan!
Equity United will provide you with a list of our approved investors to make your submission easier. Don't see the investor you want, let us know, we can be approved with anyone. You may originate FHA/VA, Conventional, Jumbo, Sub-Prime, Commercial, Over-Equity loans, and any other types of loans our investor's offer.
By becoming a Equity United Net Branch, you are able to originate loans in any state that your branch is licensed. All Net Branches are able to take advantage of our group health and retirement benefits as well as marketing and technology support. To sum it all up, a Equity United Net Branch is relieved of the financial and regulatory headaches of owning their own businesses but are at the same time, able to enjoy the financial perks of being self employed.
To find out more on being in control and in charge of your financial future, just click the links on the navigation bar to the left, beginning with "The Company" or call us directly at (866) 828-1500.
To become a net branch one must have a minimum two years mortgage experience. As a net branch you can open up any where in the United States that a city is not taken by another net branch affiliated with Equity United. You are in full control of the operation. Everything that makes a business run from hiring and firing to paying the rent and bills of the branch office. It is a very simple process to become a net branch, and less stressful on you. Equity United will handle payroll, benefits, retirement plans, processing of loans, underwriting of loans, and closing of loans. All you need to do as a net branch is to advertise to bring in the business. To find more information out about our net branch opportunity please call our toll free number at (866) 828-1500.
| Example on How a Net Branch Gives You A Career Or Life |
| Loan Officer |
Net Branch |
| 6 Deals – your regular paycheck from commission |
Your regular money from commission Plus a BMW |
| 9 Deals – your regular paycheck from commission |
Your regular money from commission Plus a BMW, and a new house. |
| 11 Deals – your regular paycheck from commission |
Your regular money from commission Plus a BMW, and a new house. and a summer home. |
| 15 Deals – your regular paycheck from commission |
Your regular money from commission Plus a BMW, a new house, a summer home, a boat and two children on college. |
| Based off a Monthly Originating of Loans. |
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| Medical Coverage |
Equity United Mortgage Corporation offers a Blue Cross / Blue Shield PPO. Employees may choose to add family members at their cost. |
| Dental Coverage |
Equity United offers a Dental Plan at Employee Cost. |
| Vision Coverage |
Equity United offers a Vision Plan at Employee Cost. |
| Direct Deposit |
Available. |
| Retirement Plan |
Equity United offers all eligible employees participation in our Legg Mason Simple IRA Plan on the first of the month following one year of employment. |
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Corporate recruiter
As a corporate recruiter we will expect you to find the top mortgage industry candidates out there. Once you have done that I you are responsible to interview them and weed out only the best. You will also be responsible for making sure all employee benefits are correct.
Benefits the same.
Compliance attorney
As a compliance attorney we expect you to go through every file to make sure we stayed in compliance on every file in every state we are licensed. You also will be responsible for writing legal letters and other business legal problems.
Benefits the same.
New Purchase Programs:
Owning the American Dream can now become a reality!
The mortgage consultants at Equity United are here to help you with your loan needs. We have a wide variety of loan products to match your overall financial plan.
Our specialty is matching your needs with the right loan. Whether you are looking for a more traditional fixed rate loan or a special financing program more tailored to fit your needs, Equity United will find it.
Whether this is your first home, second, or investment property our loan officers are here to make your dreams come true and get you the right loan to meet your needs!
Equity United will find you the loan to match your dream home.
- 30 Year
- 15 Year
- Adjustable Rate
Click here to fill out our contact form and a mortgage consultant will contact you within one business day.
Refinance Programs:
Rates are up. Rates are down. Home values increase. Your mortgage decreases. What do you do?
The mortgage consultants at Equity United are here to help you with your loan needs. We have a wide variety of loan products to match your overall financial plan.
Let Equity United find the perfect refinancing solutions. Let us tailor your loan to:
- Reduce your interest rate
- Pay off credit card debt
- Pay off outstanding loans
- Pay for college
- Improve your home
- Invest your equity
Our specialty is matching your needs with the right loan. Whether you are looking for more a traditional fixed rate loan or a special financing program more tailored to fit your needs, Equity United will find it.
Remember, when you refinance, it's not just the lower rate that you want. It's the loan that meets all of your needs!
Click here to fill out our contact form and a mortgage consultant will contact you within one business day. |
