First Community Mortgage, a growing leader in mortgage industry, is looking for experienced Mortgage DE Underwriters.First Community Mortgage offers a competitive salary based on experience in the industry. Benefits include medical, dental and vision along with company paid life insurance and Long Term Disability. Optional Life insurance and Short Term Disability are also available. Paid Time Off after 90 days! Review, examine and underwrite loans to ensure soundness, business value and compliance with FCM and investor standards. Assess loan attributes and documentation for soundness and accuracy. Review, evaluate and synthesize data to ascertain loan viability and identify risk issues and potential fraud. Evaluate debt ratio, loan-to-value ratios, credit score, property valuation and various other factors. Determine and document loan conditions and communicate requirements and/or decisions. Assist in identifying, recommending and/or negotiating alternative loan requirements, funding and/or loan-structuring solutions. Provide input on new and/or existing Underwriting processes, procedures and/or approaches. Independently conducting full and comprehensive evaluations of a variety of complex, high-risk Mortgage-Loan applications. Apply specialized knowledge to the interpretation of loan and Underwriting criteria and the determination of Underwriting decisions and final courses- of-action. Identify and recommend alternatives regarding loan-structuring and -financing solutions. Review and analyze special conditions, loan deficiencies and exception-requests to determine appropriate courses-of-action. Assess Underwriting-program effectiveness and, as appropriate, making recommendations for improvement. Coach field personnel and Brokers on technical Underwriting issues, problems and/or questions. Regularly exercise discretion and independent judgment in addressing critical business-matters that have a significant financial impact on First Community Mortgage.
High School Diploma/GED5 plus years mortgage experience with 3 years as an Underwriter with DE and VA SAR designation required. Thorough understanding of underwriting policies and procedures, as well as investor guidelines and regulatory updates including knowledge of FHA, VA, FNMA, and FMLMC guidelines and standards. Able to multi task in a fast paced environment