Previous Job
Mortgage underwriters
Ref No.: 17-00232
Location: Orlando, Florida
Position Type:Contract
Start Date: 06/06/2017
-Mortgage underwriters are responsible in deciding to approve or deny client's mortgage loans according to relevant information being provided on loan applications.
-Verifies employment along with income information, provide reviews on credit history and compute the borrower's assets and collaterals.
-Ensure specifications of properties and terms of loans meet the requirements of the financial institution and with the government regulations.
-Once loan applications have been thoroughly evaluated and assessments have been made to determine the degree of risk, mortgage underwriters will then document the relevant reasons for the approval or disapproval of loans and add the following documentation into its loan file.
Specifics for the initial project:
Primarily First Mortgage Files to be reviewed
Will be responsible for recalculating income and/or debt, recalculate LTV (Loan-to-Value) based on available data or notes, identify/report discrepancies and verify the final declination reason as appropriate.
Will perform start to finish underwriting tasks for audit purposes.