Mortgage Underwriter
Digital Risk, LLC. - Boca Raton, FL

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Job Description Position Overview

The Underwriters primary responsibilities include reviewing mortgage files submitted to Underwriting. This position requires calculating income, analyzing debt and assets, and may include completing an in-depth review of the completed appraisal and title. Additional responsibilities include entering data into the a loan operating system, utilizing an automated underwriting system and applying manual underwriting skills to determine approval and conditions for Final Approval.

Essential Job Functions
  • Review Income Documentation and Calculate to ensure ratios are acceptable per guideline requirements
  • Perform in-depth analysis of credit report to ensure all liabilities are accounted for and appear on the 1003 per guideline requirements
  • Perform in-depth analysis of credit report to ensure any name and/or address variations are captured and Letters of Explanation are conditioned for as needed per guideline requirements
  • Perform in-depth analysis of assets to ensure all necessary documentation is received and recorded per guideline requirements
  • Perform in-depth research to document critical credit documentation is accurate (income, employment, occupancy, credit, assets, valuation, contract, HUD-1, interested party involvement)
  • Complete Excel Generated 1008 with Income/Asset/Debt information
  • Resubmit loan through AUS and review to capture any new conditions, requirements or approval changes based on updated findings
  • Final Approve, Suspend or Approve Loan with Conditions based on file review and updated AUS findings using auto generated and free form conditions as needed
  • Handle incoming calls and contact with Correspondents and other contacts in a polite and professional demeanor

Qualifications Requirements
  • Current Credit Guideline Knowledge
  • Minimum of one year of Underwriting experience within past 3 years
  • Proficient in automated underwriting tools and manual underwriting referrals
  • Detail Oriented
  • Basic Computer Knowledge required in Excel, Word and Outlook
  • Able to work well within designated timeframes for completion of work
  • Must be flexible and able to work in a fast paced environment

Additional Information Digital Risk is an Equal Employment Opportunity/Affirmative Action Employer and maintains a Drug-Free Workplace.

NOTE: This job description is not intended to be all-inclusive. Employee may perform other related duties as negotiated to meet the ongoing needs of the organization