***There are two Underwriter Levels available in Westlake Village, CA depending on experience and qualifications***

Role Overview:
  • The Auditor role is a complex role that requires a detail manual underwriter. Candidates must have the manual underwriting background and some audit experience; candidates with underwriting background alone will not acclimate to this role. Candidate must be able to work within a constant changing environment.
  • This position is responsible for analyzing and responding to claims of a breach of representations and warranties of the Bank’s residential mortgage contracts for all counter parties, including GSE’s & other government entities, private investors, bond insurers, and mortgage insurers, and asserting claims against counter-parties who sold residential mortgages to the Bank where the Bank believes they have breached the representations and warranties of the contracts (“R&W claims”)
  • Candidates must have solid underwriting experience, not merely a processing and/or mortgage sales background.

Responsibilities:
  • Assesses the credibility and accuracy of evidence provided in support of the R&W claim
  • Provides written appeals in those instances where the allegation does not meet the requirements of a breach of the respective mortgage contracts
  • Reviews individual mortgage origination/post origination documentation and performs database research to obtain information needed to analyze the claim
  • May be asked to assess if the loan was originated consistent with applicable underwriting practices and loan program guidelines
  • Assesses whether an alleged breach is material when applicable under the terms of the respective mortgage contracts
  • Analyzes origination documents and determines whether any inconsistencies may be indicative of potential mortgage fraud
  • Recalculates the numeric loan parameters where applicable to the allegation of a breach
  • Respond to mortgage insurance claim denials; appealing to have insurance coverage put back on the loan
  • Meet daily quota of 3.5 appeals per day; excellent writing ability and communication is essential
.
Required Skills:
  • Must have a background in residential mortgage loan underwriting, compliance, forensic underwriting, mortgage loan repurchases, quality control audit reviews or loan origination
  • 3-5 years experience with a mortgage bank, brokerage or related financial institution
  • Experience with manual residential mortgage underwriting techniques beyond reliance on automated underwriting systems and a firm understanding of loan program guidelines
  • Familiarity with DU, LP and other AUS systems
  • Must possess strong written and oral communication skills and be able to demonstrate proficiency in developing and articulating persuasive arguments
  • Computer proficiency in MS Word, Excel, Outlook and databases
  • Ideal Candidate Profile: Extroverted, flexible personality, team player that can also work independently, previous legal experience a plus but must have Underwriting experience

About Canon Recruiting Group:

Canon Recruiting Group, Inc. provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, Canon Recruiting Group, Inc. complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

Posted date: 4 years ago

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