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Government Underwriter 2

Company: Flagstar Bank FSB
Location: El Paso
Posted on: May 3, 2021

Job Description:

Position TitleGovernment Underwriter 2LocationWork From Home El Paso, TXJob SummaryUnderwrites basic to moderately complex levels of mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk or loss. Responsible for collateral evaluation for most property types including multifamily and condos. Well-versed in standard concepts, practices, and procedures of residential underwriting and is able to ensure that loan meets FHA and VA insurability. Able to apply elements of manual underwriting, primarily reliant on automated underwriting to make a sound credit decision. This level of underwriter is expected to accurately identify risk factors along with the presence of compensating factors that mitigate risk to the bank, adding supporting comments and documentation accordingly. Excellent quality is required, while working in a fast paced production environment.Employee may be required to work overtime based on business need.Job Responsibilities:Properly applies Flagstar, investor and compliance/regulatory guidelines while underwriting basic to moderately complex loan transactions. Places the proper conditions on a loan. Formulates clear, concise and actionable conditions. Ability to underwrite automated (AUS) loans while applying sound judgment and decisions.Review and clear conditions based on Flagstar and investor guidelines within a designated time frame.Provide professional and knowledgeable assistance and communication to customers and internal groups. Follow-up with customers in a timely and in an actionable format.Mentors underwriter levels 1 and assists them with complex loan files, as needed.Other duties may be assigned at the discretion of management.Ensures compliance with applicable federal, state and local laws and regulations. Completes all required compliance training. Maintains knowledge of and adhere to Flagstar's internal compliance policies and procedures. Takes responsibility to keep up to date with changing regulations and policies.Job Requirements:High School Diploma, GED, or foreign equivalent required.FHA - DE (Direct Endorsement) certification required.Basic-Intermediate Residential Underwriting.More than three years of government underwriting experience.Extreme attention to detail and organization.Strong email etiquette.Ability to build relationships with customers, sales and internal groups.Ability to analyze moderately complex income, assets, credit and collateral.Proven decision-making skills.Displays initiative and drive for results.Able to work independently.Strong problem-solving, analytical and resolution skills.Good written and oral communication skills.Basic to intermediate to advanced technical/functional skills are required.Experience with Desktop Underwriting and Loan Prospector (Total Scorecard).Able to perform duties within prescribed productivity timelines while maintaining high quality.Utilizes proper listening skills to identify and resolve issues quickly.Able to maintain high production and quality.For internal use only: Job Band F-Hrly

Keywords: Flagstar Bank FSB, El Paso , Government Underwriter 2, Other , El Paso, Texas

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