Credit Risk Underwriting Associate

Company: Boutique Recruiting
Location: Saint Paul
Posted on: April 3, 2021

Job Description:

We are seeking a Credit Risk Underwriting Associate to join a thriving mortgage company located in Minnesota. This is a 100% remote position! This person will be responsible for underwriting legal collateral, credit, property and compliance documents, P&L statements, purchase and prepare for securitization viable mortgage transactions within established timeframes. The ideal candidate will possess strong underwriting, compliance and analytical skills with the ability to address credit risk issues with both external and internal counterparts. Must have 3+ years of experience. Apply now for consideration!

Accountabilities

• Underwrite and/or audit legal collateral, credit, property and compliance documents to ensure loans meet guidelines and represent an acceptable level of risk for purchase. Strong underwriting knowledge of tax returns both business and personal and P&L statements a necessity. Knowledge of bank statement income determination a definite plus.
• Review of third party Diligence Provider data and reports to ensure loans meet guidelines and represent an acceptable level of risk for purchase.
• Review for accuracy of 3rd party data and collect missing data elements and/or documents as applicable, to successfully review, purchase and securitize viable mortgage transactions within established timeframes.
• Research underwriting issues, conditions, and/or concerns and present finding to address with diligence firms, sellers and internal partners.
• Review underwriting exception requests, determine compensating factors and present findings
• Willingness to work with Operational team on any other duties necessary to acquire assets or as assigned by management.
  
  Required Skills/ Abilities
  
  • Minimum of 3 years current mortgage underwriting experience with experience manually underwriting income based on bank statements, Tax Returns, P&L statements
  • In depth knowledge of mortgage underwriting, mortgage product guidelines and the mortgage production process
  • Knowledge of business purpose loan transactions a plus
  • Current knowledge of state and federal compliance and regulatory environment
  • Working knowledge of Microsoft Office suite with high degree of comfort with excel and review of spreadsheet data
  • Experience working with 3rd party providers a plus
  • Strong oral and written communication skills
  • Ability to work both independently and collaboratively within a small team environment.
    
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Keywords: Boutique Recruiting, St. Paul , Credit Risk Underwriting Associate, Other , Saint Paul, Minnesota