Jr. Mortgage Underwriter

Job Description

The Jr. Mortgage Underwriter is responsible for the evaluation of the borrower(s) overall creditworthiness. These operations include, but are not limited to, evaluating the mortgage loan application and documents provided by the customer in a timely manner, ensure loans adhere to investor and agency guidelines, managing personal pipeline and ensuring all applications are within SLA, and responding and providing status information to all other internal interested parties. The Jr. Mortgage Underwriter is responsible for rendering loan decisions based on investor and agency guidelines and overlays.

Essential Functions:

• Daily pipeline management and maintaining SLA
• Meet all quality metrics as communicated by management
• Proficient in all investor and company guidelines
• Ensures adherence to policies, guidelines and procedures as well as compliance regulations (HMDA, TILA, RESPA, HOEPA, FCRA and ECOA) and credit guidelines
• Assist with renegotiation of loans based on credit guidelines about
• Analyze customer's loan-to-value ratio, debt-to-income ratio, credit report, application, wage earner income and assets, source(s) of down payment funds, and supporting documentation to identify potential fraud or misrepresentation
• Review of Funding Conditions from the Post-closing department
• Revisits loans to review and clear conditions for the underwriters
• Monitor the underwriting scenario’s email, respond or escalate as applicable
• May sign off on underwriting conditions within authority (lending authority to be approved by Management)
• Escalates fraud issues or red flags to Sr. Underwriter
• Ensures achievement and maintenance of performance standards to keep loans flowing into appropriate loan operations queues
• Coordinates with other Mortgage Loan Operations contacts to ensure work distribution and pipeline managers provide optimal service level agreements
• Communicates, demonstrates and inspires others to incorporate Opendoor’s vision and core values in daily activities

Specific Skills Required:

• Thorough understanding of Conventional (Fannie Mae, Freddie Mac) underwriting guidelines
• Strong analytical skills with the ability to make lending decisions and translate guidelines
• Ability to work independently and as a team; ability to garner support and collaborate with others
• Detailed knowledge of overall mortgage lending processes, including processing, underwriting and closing
• Strong written and verbal communication skills
• Ability to prioritize multiple tasks in a deadline-driven environment; strong sense of urgency
• Ability to work collaboratively and supportively with management to achieve business objectives

Experience/Education:

• One (1) years of Conventional Underwriting experience or 3-5 years' of Loan Processing experience required
• Experience clearing conditions associated with lower level underwriting conditions
• Bachelor’s degree or equivalent experience from which comparable knowledge and abilities can be acquired
• High school or G.E.D. equivalent required

More About Us Want to learn more about us and how we are revolutionizing the home buying and selling process? Learn more about us on our website, check out our profile on The Muse to learn more about our culture from our team members, or read our blog posts to hear about the work we are doing. We Offer the Following Benefits and Perks: - Full medical, dental, and vision with optional 70% coverage for dependents - Flexible vacation policy - Educational budget to invest in your career development and growth - Fitness/Commuter Benefit stipend - Generous parental leave - Paid time off to volunteer Please note that these benefits and perks are available only to Full Time team members and do not apply to contract roles. Opendoor values Openness Our team celebrates our diverse backgrounds. We believe that being open about who we are and what we do allows us to be better. Individuals seeking employment at Opendoor are considered without regards to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation, gender identity or other protected status under all applicable laws, regulations, and ordinances. Apply for this job