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Job Details

Underwriter - Temporary Position

Job Summary

  • Company: BCI
  • Location: Rolling Meadows, Illinois (Rolling Meadows, IL)
  • Compensation: Commensurate with experience
  • Job Type: Full-Time, Temporary
  • Career Level: middle
  • Years of Experience: 5-10 years

Job Description

Dates: Start ASAP
Compensation: Depends on experience

Summary/Responsibilities:
Responsible for managing the client’s loan-level quality assurance by reviewing loan files, analyzing and reporting on significant loan quality trends, and initiating necessary actions to mitigate losses
Underwrite difficult/complex loans of $650,000+
Review financial statements/credit reports/debt ratios/loan to value
Evaluate mortgage loans, including high risk transactions involving jumbo loans/self-employed borrowers and high risk profile applicants
Ensure all transactions are properly documented to bank program standards or ensure exception situations are properly documented/authorized
Maintain current knowledge of all bank loan programs/underwriting guidelines for transactions processed by the real estate team
Contact customers to gather information to make appropriate decisions

Requirements:
5 + years of underwriting experience
Expert understanding of traditional mortgage origination/underwriting practices
In depth knowledge of real estate lending products/regulatory compliance/secondary market investor guidelines/quality control guidelines
Excellent analytical/problem solving/negotiation skills
Experience with residential first mortgage Freddie Mac and LP
Computer literate and strong familiarity with creditor financial analysis

Candidates interested in applying to this role should e-mail 96t234@brokeragejobs.com.

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