Previous Job
UNDERWRITER (Stonegate Mortgage)
Ref No.: 16-08551
Location: Indianapolis, Indiana
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.
· 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.
· Authority to approve loans up to $650,000.00
· 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 BlitzDoc 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
· 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 Manager to advise of any branch processing issues.
· Work with production staff to maximize production levels without inappropriate risks.
· Maintain excellent customer service skills constantly attempting to enhance the customer service experience with all internal and external customers.
· Perform all other duties as requested or assigned.
To perform this job successfully, an individual must have the following education and/or
· High School Diploma.
· Must possess the following designations: FHA DE/CHUMS.
· 7+ years' of manual/traditional underwriting experience.
· Thorough knowledge of Stonegate Mortgage Corporation's product mix, appraisals, tax returns, disclosure compliance, and AUS underwriting engines.
· Experience in underwriting DE, VA SAR, VA LAPP, FHA, VA, USDA, Agency, High
Balance Agency, and Jumbo Level 1.
· Experience in underwriting 203k, 203k(s) and Homestyle.
· Mortgage industry and/or Financial Services experience is a plus.
· NMLS Licensing may be required

ControlID: 14.234.89 SHR