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DE Underwriter (Prospect Mortgage)
Ref No.: 16-08171
Location: Winter Park, Florida
Major Functions :
Underwrite and apply needed conditions to mortgage applications to assure borrower meets program/product specifications. Communicate the decision (approval, suspense, denial) to the appropriate individuals within the firm while upholding fair lending practices of Prospect. Responsible for productivity targets, and ensure quality and customer satisfaction.
The Senior Level Underwriter position underwrites both Conventional and FHA loans.
Risk Analysis: Evaluate risk of each loan and ensure quality and salability of the loan. This includes conducting reasonableness tests and exercising good judgment on ratios or guidelines. Analyze counter offers for compliance and acceptability.
  • Validate the accuracy and completeness of underwritten loans for compliance with specified Investor Guidelines
  • Review and evaluate credit packages
  • Review and evaluate appraisals
  • Review and evaluate Asset documentation
  • Review and evaluate condo-documentation
  • Monitor and track Conditions for compliance in accordance with Underwriter Guidelines
  • Monitor status of all Conditions
  • Order PMI
  • Clear Conditions that are within scope of job
Customer Service/Communication:
  • Work to provide a superior customer service experience to close borrowers loans within reasonable timelines.
  • Regularly communicate loan status verbally and/or in writing to the Loan Officer, Borrower and branch, as applicable and in accordance with the policy.
  • Work with credit to resolve conditions
Job Type: Full-time
Job Location:
  • Winter Park, FL
Required education:
  • High school or equivalent
Required experience:
  • FHA, VA, Conventional Underwriting: 5 years
Required license or certification:
  • Direct Endorsement Underwriter
ControlID: 14.234.89 SHR