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.
5.Contact brokers, if needed, for additional information when required to finalize incomplete loan packages.
6. 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.
7.
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.
CONFORMING RATES
PRODUCT
RATES
APR
40 YR
6.625%
6.849%
30 YR
6.25%
6.357%
20 YR
6%
6.249%
15 YR
6%
6.25%
3/1 ARM
6.5%
6.849%
5/1 ARM
6.5%
6.649%
7/1 ARM
6.625%
6.749%
JUMBO RATES
40 YR
7.5%
7.849%
30 YR
7.375%
7.649%
20 YR
7.75%
7.949%
15 YR
7.75%
7.949%
3/1 ARM
7.75%
7.849%
5/1 ARM
7.875%
7.949%
MTA
1.9%
2.849%
BAD CREDIT
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