Job TItle : Mortgage Underwriter US.

Work Location : Pasay City, 

Work Type : Hybrid

POSITION SUMMARY: 

The Underwriter reviews, conditions, and underwrites mortgage loans in accordance with established policies and procedures and appropriate guidelines; examines all documentation for accuracy and completeness.

JOB FUNCTIONS AND RESPONSIBILITIES

1. Review and analyze the mortgage loan application to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines to minimize risk factors Review all required loan data, reports, and inspections to insure the collateral is acceptable to investor and the company

2. Responsible for making independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines.

3. Provides final approval underwriting of mortgage loans – Conventional, Correspondent, FHA,VA, Reverse.

4. Completes all required paperwork and forms in a timely and accurate manner; prepares required forms

5. Sign off conditions in a timely manner set by management

6. Work with staff and management to find solutions on escalated loans. May be requested to make recommendations for improving Internal Audit’s policies and practices

7. Manage loans by using all functions of Encompass

8. Effectively communicate underwriting decisions with processors and advisors

9. Maintain high level of customer service and communication with other departments

10. Other duties as assigned

EDUCATION / EXPERIENCE

1. Bachelor’s degree or equivalent of fifteen years of education mandatory

2. Minimum of 1 years of experience in Mortgage Underwriting with thorough knowledge of Financial and nonfinancial supporting documentation, Income calculations, Asset/ Liabilities & Appraisal verification, Credit report review.

3. Knowledge about risk and compliance in Lending especially the FNMA & FHLMC Underwriting standards.

4. Knowledge about Underwriting procedures of Conventional, Correspondent Lending, Reverse mortgage, FHA, VA (Government loans) underwriting 

WORK SCHEDULE OR TRAVEL REQUIREMENTS 

Ready to do any shifts as per Business unit requirements

Ready to travel office for training and other as per Business unit requirements

COMPANY SUMMARY

The company is one of the largest financial institutions and is intensely focused on hiring, developing, and retaining the best talent in the industry! Our commitment to Diversity & Inclusion ensures that we are an organization that creates, promotes and sustains an inclusive work environment in which diversity, inclusiveness and respect are integral parts of our culture and work environment.