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Remote Underwriter-Legacy Home Loans

Panorama Mortgage Group,LLC
Dallas, TX
  • Expired: January 19, 2022. Applications are no longer accepted.

Job Summary:
Underwrites residential loans ensuring compliance with appropriate company, secondary market Investor standards and all applicable laws. The Underwriter will be responsible for examining loan documentation for accuracy and completeness; is involved in one or several types of mortgage lending including but not limited to conventional program loans. Must be able to underwrite wholesale and retail loans within the company and industry guidelines. The Underwriter will also be working with Loan Originators, Branch Managers and Processors to secure all required documents.
Underwrites loan Program Loans to verify for completeness, accuracy, and compliance.
Develops and maintains an up to date and sound knowledge of multiple loan product guidelines offered by the company, DU/LP guidelines, and risk assessment tools used to decision mortgage loans
Adherence to policies and procedures set forth by brand and Panorama Mortgage Group, LLC
Revises loans to new terms, identifies additional conditions as needed to insure a viable credit decision
Reviews and evaluates borrower(s) profile including but not limited to all income documentation, tax returns, credit reports, preliminary report, judgments, bankruptcy documents and appraisals
Analyzes and calculates income documentation such as personal and business income statements and ensures all necessary documentation is requested to support final loan decisions
Ensure loans meet the Ability to Repay (ATR) rules established by the Consumer Financial Protection Bureau (CFPB) by considering and documenting the following eight underwriting factors:
1. Borrower’s current or reasonably expected income or assets
2. Borrower’s current employment status.
3. Borrower’s monthly payment on the mortgage transaction.
4. Borrower’s monthly payment on any simultaneous loan.
5. Borrower’s monthly payment for mortgage-related obligations.
6. Borrower’s current debt obligations, alimony and child support.
7. Borrower’s monthly debt-to-income ratio or residual income.
8. Borrower’s credit history
9. Make adjustments to underwriting as necessary based on QC findings and keep QC informed of the changes.
Exercises good judgment, conducts reasonableness tests and issues quality decisions
Determines accuracy and completeness of files; ensures processes are consistent
Demonstrates proficiency in automated underwriting systems (DU, LP)
Maintains a sound knowledge of secondary market activity, practices, and business/industry practices as they impact underwriting quality and origination activity
Maintains pre- established service level standard of decisions within the time frame set by the company
Communicates regularly with sales team, processors and management
Consistently meet or exceed established minimum productivity and quality goals set forth by management
Responsible for timely response on audits of loan files underwritten prior to and after funding is obtained.
Review all documentation submitted in a file for compliance with product and investor guidelines, borrower validation, Ability to Repay and risk mitigation.
Calculate income and assets accurately and require sufficient documentation to support findings and decision. Follow AUS findings is a requirement with no exceptions. Adhere to overlays and/or guidelines as dictated by the private investors & agencies
Perform other duties as assigned.
Supervisory Responsibilities:
This position has no supervisory responsibilities.
Two to Four years underwriting experience in mortgage banking and/or training; or equivalent combination of education and experience.
The knowledge of the principles and theories
Three to five years of current frontline mortgage Underwriting required; DE highly desired
Appraisal review and tax return analysis skills required
Prior credit signing authority a plus
Experience with repurchase response and/or rebuttal review and response preparation
Secondary market experience a plus
Understanding of TILA, RESPA and Predatory Lending
Strong analytical and decision making/problem solving skills
Possess a keen eye for accuracy, attention to detail and ability to handle a high-volume work load
Excellent interpersonal, organizational, prioritization and time management skills
Proficient in computers including LOS systems, Microsoft Office and Excel. Ability to adapt/ learn/utilize multiple software programs. Experience with paperless environment preferred.
Ability to deliver effective results and to meet deadlines with minimal supervision
Self-starter, adapt to a changing environment and have the ability to communicate and work well with Investors and co-workers
Possess clear, concise and effective written and oral communication skills
Professional demeanor in appearance, interpersonal relations, work ethic and attitude
High School diploma or equivalent
Timely communication and response times according to department standards
Physical/Sensory Requirements:
Must be able to lift 25 pounds at a time
Bend, stoop and stretch as needed
Prolonged periods of sitting, standing and or ambulating (Employee has some control over the length of time)
Prolonged use of computers, telephone, and other standard office equipment which includes reading, writing, listening or speaking
Fluency in English language (written, oral, spoken); fluency in a second language desirable

Panorama Mortgage Group,LLC


Dallas, TX
75254 USA


Finance and Insurance

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