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UNDERWRITER (Stonegate Mortgage)
Ref No.: 16-07824
Location: Oak Brook, Illinois
  • ESSENTIAL FUNCTIONS AND RESPONSIBILITIES:
    To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
    ESSENTIAL FUNCTIONS
    • Examine loan documentation to ensure accuracy and completeness.
    • Analyze the risk of a loan transaction and provide justification and compensating factors to support loan decision.
    • Review LTV, credit report, applications, etc. to ensure that each loan meets company standards for sale into secondary market.
    • Evaluate income documentation to determine acceptable risk of an applicant based on analysis of W2's, pay stubs, personal and business tax returns.
    • Determine level of qualification for a loan applicant and render decision on applicant's ability to repay.
    • Utilize expertise and underwriting knowledge to render sound, common sense decisions based on analysis of loan parameters and documentation.
    • Ensure that the validation of AUS information is accurate and finalize credit risk decision within engine.
    • Input all required information into Harland E3 system.
    • Perform all processes necessary to review loan within the SGM - Imaging file storage system.
    • Perform Fraud review with relation to Interthinx Fraud Guard generated reports.
    • Perform Early Check DU function to check loan parameters of 1003 export against DU findings.
    • Perform FHMLC LQA function to check loan parameters of 1003 export against LP findings.
    • Complete loan lock reconciliation process in order to ensure that loan parameters meet all lock requirements and all data matches per data integrity requirements.
    • Order Mortgage Insurance, as applicable, via the E3 interface connection.
    • Sign and execute all documentation necessary to complete the underwriting of a loan file to forward to the closing department.
    • Record loan rejections, specifying investor and institution guidelines and basis for declining application, to include Mortgage Advisor notification and compliance with HMDA reporting.
    • Manage all daily conditions due within the OLIE system, keeping to service level agreements for turn times.
    • Communicate with Underwriting Team Lead to advise of any sales processing issues.
    • Maintain excellent customer service skills constantly attempting to enhance the customer service experience with all internal and external customers.
    • Provide timely responses to all voicemail and email communications.
    • Perform all other duties as requested or assigned.
    OTHER FUNCTIONS
    • Desire to take personal responsibility to complete tasks and solve problems.
    • Ability to perform tasks and complete projects with minimal supervision.
    • Represent Stonegate Mortgage Corporation in a professional manner by dressing professionally daily while in the office or when attending events.
    • Practice Stonegate Mortgage Corporation Core Values:
      • We are accountable for results and we deliver.
      • We act with integrity and show respect.
      • We are passionate about our business.
      • We are accessible.
      • We adapt to and create change in pursuit of our success.
    EDUCATION AND/OR EXPERIENCE
    To perform this job successfully, an individual must have the following education and/or experience:
    • Must possess a High School Diploma.
    • Must possess the following designations: FHA DE/CHUMS.
    • Five years of manual/traditional underwriting experience.
    • Must possess a thorough knowledge of Stonegate Mortgage Corporation's product mix, appraisals, tax returns, disclosure compliance, and AUS underwriting engines.
    • NMLS Licensing may be required.
    KNOWLEDGE, SKILLS, AND ABILITIES
    The requirements listed below are representative of the knowledge, skills, and/or abilities required to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
    • Ability to think logically in order to analyze situations and make sound decisions.
    • Flexibility in decision making with strong problem solving skills.
    • Ability to implement an effective daily time management routine.
    • Ability to handle multiple tasks simultaneously.
    • Customer service driven; responsive to client issues and concerns.
ControlID: 14.234.89 SHR