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AD Mortgage LLC · 1 day ago

Senior Underwriter

Troy, MI

Full-time

Onsite

Senior Level

A&D Mortgage LLC has been helping clients achieve their homeownership dreams for over 20 years. They are seeking a Senior Underwriter to review loan applications, ensure compliance with guidelines, and make sound underwriting decisions while maintaining company standards.

AccountingBankingCommercial LendingFinanceFinancial ServicesLendingPersonal Finance

Growth Opportunities

Responsibilities

Reviews all items and conditions provided by borrowers and ensures they meet the required guidelines by utilizing internal and external (e.g., agency) policies and procedures [e.g., automated underwriting systems such as Desktop Underwriter (DU)]

Knowledge of FANNIE / FREDDIE is a must

Wholesale / Correspondent experience is preferred

Non-QM and VA experience are preferred

Ensures that Company operating standards are met for underwriting and compliance by utilizing internal and external (e.g., agency) policies and procedures

Reviews applications and all pertinent disclosures to ensure compliance with all Federal, State, and investor requirements are met and upheld

Monitors property appraisal process to ensure the value of a property is accurately presented

Analyzes documentation such as credit, income, assets, and appraisals to make sound underwriting decisions based on this analysis by using an internal checklist

Analyzes loan applications to identify any risk issues and/or potential misrepresentation

Reviews documentation and ensures documents are properly classified and organized

Makes quality underwriting decisions while maintaining Company turn-time expectations

Reviews and clears conditions on all loans to ensure a complete loan package prior to closing

Utilizes proprietary and online tools [e.g., Lexis/Nexis, Real Quest, Mortgage Electronic Registration System (MERS), AVM’s, etc.] to help combat fraudulent activity and ensure quality loan decisions

Have the ability to rework loans to new terms, and identify additional conditions as needed

Must be able to provide quick and accurate answers on multiple loan project guidelines

Engages specific strategies (e.g., determines appropriate individuals to resolve escalated customer issues, etc.) to resolve customer questions and concerns

Continually reviews underwriting environment, and suggests improvement opportunities to management

Acts as a recognized subject matter expert within the Company and partners with management on underwriting-related issues by providing analytical support, and counseling advice for their functional areas

Qualification

Fannie Mae knowledgeFreddie Mac knowledgeGovernment loan underwritingMicrosoft ExcelCustomer serviceAttention to detailEffective communication

Required

Intermediate knowledge in Microsoft Word, Excel and Outlook

Expert knowledge of conventional and/or government loan underwriting and selling guidelines (e.g., Fannie Mae, Freddie Mac, FHA, VA, etc.)

Exceptional customer service

Excellent attention to detail

Ability to communicate effectively with all levels

Ability to positively project the Company and department

Preferred

Wholesale / Correspondent experience

Non-QM and VA experience

Benefits

PTO/Sick Days

Comprehensive medical, dental, vision benefits

Paid volunteer hours

Life Insurance, Short-term Disability, and Long term Disability

Health Savings Account

401k

Paid training and career development

Career Growth: As part of a growing and evolving company, you will have ample opportunities to develop your career, take on new challenges, and make a significant impact.

Work-Life Balance

Inclusive Culture: We are committed to fostering a diverse and inclusive workplace where all employees feel valued and empowered. We celebrate unique perspectives and believe diversity drives innovation.

Cutting-Edge Technology: Access state-of-the-art learning tools and technologies to enhance your own professional development and that of the entire organization.