Remote Net Credit Jobs in Oregon (NOW HIRING)

Position Title: Underwriter Classification: Non-Exempt /Full-Time Location: Remote "Indecomm is an Equal Employment Opportunity Employer" Job Description :The underwriter will review regulatory compliance with disclosures, validate data used by an automated underwriting system to decision loans, and perform a comprehensive review of the appraisal report. The underwriter will determine if the loan meets underwriting guidelines, product guidelines, investor requirements and eligibility requirements and also analyze the credit report, all necessary income and asset documentation and title report. The underwriter will update information regarding the loan transaction in the loan origination system with the appropriate status and loan conditions.

In addition, the underwriter will review and clear conditions prior to closing. Must have 3 -5 years of recent frontline underwriting experience. Wholesale underwriting experience a plus.

Must have excellent customer service skills. Job Duties/Responsibilities: Perform a cursory review of the loan file for compliance with Federal disclosure requirements to include the Net Tangible Benefits worksheet.Validate the data used by the AUS to make a credit decision. This includes but is not limited to:Verify all loan term obligations were considered to qualifyThoroughly analyze the credit report for all current obligationsDetermine any borrower SSN or address issues; address fraud alertsAnalyze derogatory credit, including but not limited to collections, judgements, foreclosures, other public records to meet AUS/program guidesReview detailed Fraud reportDetermine income used to qualify the loan was calculated correctlyIncluding all income types with completing a self-employed analysis and/or wage earner/non-taxable income worksheet(s)Ensure assets used for the source of funds to close and for reserves are acceptable and accurateEstablish that documentation required by the AUS is in the file or becomes a condition of the loan approvalPerform a comprehensive review of the Purchase contracts, appraisal report and all supporting documentation

This includes but is not limited to:Verify the report was performed by a licensed/certified appraiser and meets client's and investor/agency requirements.Determine that the property meets investor guidelines.Ascertain that the appraiser has supported his/her opinion of market value.Establish that the appraisal report is complete and free of any inconsistencies and that the property is sufficient.Evaluate the application, supporting credit, income and asset documentation, the appraisal report and the contract of sale to uncover inconsistencies and potential misrepresentation in the loan file. Determine if the loan was submitted to underwriting in accordance with the program and terms registered or locked with Client's secondary marketing department. Resubmit the loan to Client's AUS, when validated data falls outside of AUS tolerance levels.Resubmit the loan to client's AUS, when validated data falls outside of AUS tolerance levels.Identify loan conditions that must be cleared prior to closing and/or at closing.Enter/correct data in LOS

Data includes the status and recommended conditions for the approval.Review and clear "prior to closing" conditions that have been identified as the underwriter's responsibility. Communicate as needed with Client's staff and customers.