Picture yourself building a successful career at United Guaranty working alongside other talented, highly motivated individuals committed to reaching our goal of becoming the #1 insurance provider and changing the way Americans think about, purchase and use insurance. We believe that our success depends on building a world class team. If you would like to be a part of our team, we invite you to consider putting your talents to work with the Underwriting department.
As an Underwriter, you will be responsible for underwriting through analyzing mortgage loans for both mortgage insurance risk and investor compliance, exercising appropriate judgment and authority in interpreting and making sound, knowledgeable risk and underwriting decisions based on eligibility criteria, mortgage insurance underwriting guidelines and investor program guidelines. Candidate should be an enthusiastic and self-motivated team player with great attention to detail.
This position reports to the Team Leader-Underwriting and will be based in the Bellevue, WA office. This position interfaces with Sales, Customer Service, Lenders and Servicing groups.
*Stay abreast of current high risk trends in the mortgage industry and effectively evaluate and interpret various fraud management tools. Make the right loan level risk decisions that are objective, consistent and informed on each loan decision. Adhere to published productivity expectations and customer service level agreements.
*Analyze multiple layers of risk and compensating factors prior to making a recommendation to Regional Underwriting Manager as required on higher risk loans that warrant secondary review.
*Maintain a commitment to providing excellent customer service by being innovative, responsive and risk solution experts; always considering alternatives and possible counter-offers that would enable a more favorable underwriting decision and advantageous rate.
*Advise customers of decisions by providing timely resolution of customer inquiries and effectively communicating United Guaranty’s underwriting guidelines and policies. Effectively negotiate and resolve customer conflicts with sensitivity and flexibility. Develop and build harmonious lender relationships.
*Review loan file conditions (trailing docs) within service standards as required. Adhere to productivity and efficiency expectations and customer service level agreements
*Be an ongoing source of front-line underwriting field intelligence to the Company on emerging risk issues, customer intimacy, ease of use and innovation; and continuously expanding and enriching underwriting expertise through taking initiative at seeking out advanced underwriting educational opportunities.
The Ideal Candidate Should Have:
*3 years conventional loan underwriting experience with strong credit, collateral and risk analysis background.
*Conventional loan underwriting experience with strong credit, collateral and risk analysis background.
*Experience underwriting jumbo loans and self-employed borrower loans
*Mortgage insurance underwriting background (preferred).
*Knowledge of required computer skills (Windows, Word, Excel, Lotus Notes).
*Demonstrated proficiency in underwriting related technology applications (DU, LP, Lender specific AUS) and clear understanding of importance in protecting confidential and non-public information.
*Knowledge of internet based applications; and resourceful research skills.
*Strong organizational skills; capable of working independently and multi-tasking.
*Effective verbal and written communication and problem solving skills.
*Strong customer service skills.
*Ability to work in, and effectively adjust to, a rapidly changing environment.
About United Guaranty
United Guaranty Corporation and its subsidiaries provide innovative, quality risk solutions that help mortgage lenders remain competitive while generating a profitable and responsible book of business for their stakeholders. Products include first-lien private mortgage insurance – most notably Performance Premium,® our industry-leading risk-based pricing option – and a suite of loan analysis and risk management tools. Distribution channels include national and regional mortgage bankers, credit unions and community banks, and builder-owned and Internet-sourced lenders. United Guaranty was established in Greensboro, North Carolina, in 1963 and has been a company of American International Group, Inc. (AIG) since 1981.