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Loan Underwriter

NJ - Toms River

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The primary responsibility is to underwrite mortgage loan applications and issue loan approval/commitment according to Family First Funding LLC requirements. The underwriter is to ensure loan packages are compliant, sellable, and insurable. The underwriter may also act as a mediator between FFF as lender and Investor; escalating to the Underwriting Manager when appropriate.

RESPONSIBILITIES INCLUDE:

1. Underwriter duties shall include without limitation:

  • Underwrite Conventional & Jumbo Loans in accordance with FFF overlays, policies, and procedures outlined by Director of Operations
  • Underwrite Conventional & Jumbo Loans in accordance with all agency guidelines and Investor Overlays
  • Perform industry-standard underwriting activities (e.g. reviewing Income, assets, title, appraisal, loan application, etc.)
  • Access all risk factors of loan and ensure it meets guidelines
  • Report to Manager in regard to protocol and file escalation
  • Check for accuracy of all incoming loan information for file and report discrepancies
  • Ensure that all of the tax, title, insurance and closing documentation is in place
  • Interface borrowers, loan processors, loan officers and underwriting in an effective manner
  • Review the appraisal to make sure it is accurate and thorough, so that the home is truly worth at least the purchase price on purchases and value on refinances
  • Maintain, understand and follow lender / Agency / Investor guidelines at all times
  • Underwriters to make sure all of the loan factors meet particular loan guidelines
  • Maintain dates in loan origination system pertaining to underwriting (as applicable)
  • Submit mortgage loans to automated underwriting systems for approval within investor guidelines
  • Assure all FINAL numbers and information is updated in file and system prior to issuing a clearance to close
  • Ensure file compliance prior to closing being requested
  • All other duties as defined by Employer from time to time

Benefits:

Medical, Dental, Vision, Company Paid Life Insurance, 401K (company match up to 2%)


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