Position Summary
The responsibilities for the Collateral Underwriter will include the appraisal review of residential 1-to-4-unit properties on a national level, to ensure all appraisal reports conform to USPAP and other regulatory compliance standards.
Specific Duties and Responsibilities
- Review and analyze appraisal reports to ensure compliance with FNMA, FHLMC, FHA, VA, and Lender investor guidelines, policies and procedures.
- Request revisions from the AMC, as needed.
- Provide technical assistance and support to internal Lender staff and respond to appraisal related questions and concerns.
- Perform analysis and reconciliation of complex appraisal reports and effectively communicate results.
- Provide effective and timely communication of appraisal correction requests to Lender Staff and AMCs.
Preferred Qualifications and Experience
- A minimum of 3-5 years of mortgage loan underwriting including the review of residential appraisal reports.
- Ability to operate in a production environment involving minimum quotas
- Thorough understanding and familiarity with FNMA/FHA/VA guidelines and a complete knowledge of loan products
- Ability to maintain quality control standards while maintaining production expectations defined by the company
- Ability to exhibit professional verbal and written communication skills via email, mobile devices, and in person utilizing proper spelling, composition, and grammar
- Ability to multi-task, prioritize responsibilities, and work well under pressure with minimal supervision
Company Description
Orion Lending is a Nationwide Mortgage Banker founded by proven industry leaders who bring a legacy of success and ambition to the Mortgage Banking industry.
Orion Lending was named after the Orion constellation which is located on the celestial equator and prominently visible throughout the world. This constellation is named after a huntsman in Greek mythology whom Zeus placed among the stars as the constellation of Orion.
At Orion Lending we combine innovative technology, a wide array of products and competitive pricing to assist our network of brokers in growing and developing their referral business and clientele.