***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.

  • 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:

A recognized leader in global staffing and recruitment since 1980. Utilizing the latest cutting-edge technology to help us find candidates that no other search firm can find. We specialize in the hard to find and hard to fill positions. www.canonrecruiting.com

Posted 4 years ago

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