Responsible for examining, evaluating and underwriting mortgage loss mitigation applications for both portfolio and investor loans. Authority to approve or deny investor workout and modification applicants. Informs applicant of loan denial or acceptance. Ability to recommend and approve alternative programs for Fannie Mae and Freddie Mac loans. Calls applicant or other persons to resolve discrepancies in provided documentation or submission processes. Prepares trial and workout and modification documentation. Reports loans to investors.
Underwrite Workout Compliance Applications. Miscellaneous requests, direct Member Service
Member contact, questions, Problem resolution. Review conditions, Compliance follow up and review pipeline
Knowledge of: Fannie Mae & Freddie Mac guide lines for loss mitigation underwriting
Strong analytical skills
Ability to trouble-shoot
High level of professionalism
Contact with applicant to resolve discrepancies and/or advise of loan status
Follows up on outstanding conditions
Associates Degree or higher.
One to three years underwriting experience required.
Must have knowledge of secondary market (Fannie Mae) and Desktop Underwriter.
Ability to analyze and evaluate credit reports, residential appraisals, financial statements and tax returns.
Knowledge of State and Federal Lending Regulations.
Bethpage Federal Credit Union - 7 months ago