Carrington Mortgage Services

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Sr. Wholesale Underwriter

at Carrington Mortgage Services

Posted: 9/28/2019
Job Reference #: 8285
Categories: Insurance
Keywords: underwriting

Job Description

  • Job LocationsUS-TX-Plano
    Job ID
    2019-8285
    Position Category
    Operations
    Company
    Carrington Property Services, LLC
    Position Type
    Regular
  • Overview

    Why Carrington?

    • Competitive Base Pay plus Monthly Incentive
    • 2 Weeks-Vacation
    • Advancement Opportunities
    • Strength and Stability
    • Diverse Product Mix. Ability to go down to a 550 FHA Fico
    • Full Medical Benefits

    Visit www.carringtonhomeloans.com to learn more about us!

    Responsibilities

    The Senior Non QM Wholesale Underwriter will underwrite loans in accordance with Company and Investor guidelines following company’s policies and procedures under general supervision. Makes sound underwriting decisions and ensures that all decisions meet legal and policy requirements. Perform all duties in accordance with the company’s policies and procedures, all US state and federal laws and regulations, wherein the company operates.

    ESSENTIAL DUTIES AND RESPONSIBILITIES:

    • Performs a thorough analysis to ensure the quality of each loan and to determine compliance with Company and Investor guidelines.
    • Performs a thorough analysis of collateral to ensure property meets investor guidelines and the appraisal quality and completeness is acceptable.
    • Applies and interprets company underwriting guidelines and makes sound credit decision.
    • Completes credit, analysis of income, analysis of property, ensures proper audits are completed and verifies consistency of loan file information.
    • Identifies risk factors within each loan and utilizes resources, tools and documentation to detect red flags and clear inconsistencies.
    • Reviews and evaluates credit information on mortgage loan documents to determine acceptability for specific loan programs.
    • Determines any conditions, stipulations or pre-funding requirements.
    • Reviews and clears underwriting conditions, stipulations or pre-funding requirements received.
    • Communicates with clients, sales teams and operations teams to resolve outstanding issues as they arise.
    • Assists departmental support staff when necessary.
    • Resolves and responds to post closing credit exceptions received from investors and auditors when required on loans underwritten.
    • Maintains ongoing knowledge of investor guidelines, updates and trends as applicable to underwriting position.
    • Completes second signature underwriting review on loan files underwritten by junior underwriters and within designated authority as needed.
    • Performs other duties as assigned.

    Qualifications

    • A thorough knowledge of mortgage loan underwriting.
    • Maintains highly confidential information concerning loan applicants.
    • Requires high level of organizational skills and ability to work on several tasks simultaneously.
    • Constant contact with Loan Officers and internal office staff.
    • Significant coordination of various duties required.
    • Office machines such as computer, copiers, fax machines and the telephone.
    • Ability to communicate effectively both verbally and in writing.
    • Ability to handle detailed assignments.
    • Strong customer service skills.
    • Ability to organize and prioritize workload and meet deadlines.
    • Excellent computer skills and working knowledge of Microsoft Office products.

    EDUCATION, EXPERIENCE AND/OR LICENSES:

    • 5+ years of non QM mortgage underwriting work experience.
    • Paperless Loan Origination System experience preferred.
    • DU and LP experience required.
    • Experience working in a paperless environment preferred.

    EEO/AAP Employer

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