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Mortgage Underwriter, Government

Nationwide Mortgage Bankers in Cleveland, OH, USA

Benefits Offered

401K, Dental, Life, Medical, Vision

Employment Type

Full-Time

Why Work Here?

“Opportunity for advancement in a thriving company”

The DE Underwriter’s primary responsibility is to review and analyze applications for residential mortgage loans (government and conventional). The Mortgage Underwriter will be responsible for reviewing third party reports such as credit reports and appraisals, reviewing and calculating income, reviewing asset documentation, and following up on outstanding loan conditions, clearing files to close, and ensuring compliance with all applicable lending regulations.

The Underwriter will also responsible for the review of conforming and non-conforming mortgage as well as equity loan applications to determine compliance with applicable state and federal regulations, investor guidelines and credit union standards. Review and analyze submitted loans for capacity, capital, character and condition while upholding fair lending practices. This includes ensuring that loan requests meet program and product specifications or counteroffer to a product and/or program when appropriate. Communicate decision (approval, counteroffer, suspense, denial) to applicable individuals within the department. Manage application turn time by executing credit decision according to the measurement set by department manager; meet targets. Support Underwriters, Processors and Home Loan Advisers as needed with scenarios and loan structuring.

Principal Responsibilities:

  • Analyze loan packages to deliver valid credit decisions
  • Perform timely reviews of conditions submitted
  • Discuss and review conditions with loan officer, processors, team leaders or managers
  • Recommend restructuring of loans to comply with guidelines
  • Manage and execute multiple priorities and tasks effectively in a high pressure environment
  • Resolve post-closing underwriting issues
  • Maintain a thorough understanding of state and federal laws and regulations related to credit union compliance including bank secrecy and anti-money laundering laws appropriate to the position.

Skills/Attributes:

  • Ability to assess layered risk
  • Strong written and verbal communication skills

Education/Experience:

  • Direct Endorsement (DE) Required
  • 5+ years Underwriting experience
  • Experience with FHA/ VA/ Agency loans
  • Knowledge of agency & secondary market investor guidelines and overlays
  • Knowledge of DU and LP

About Nationwide Mortgage Bankers:

Nationwide Mortgage Bankers, Inc. is a direct lending mortgage bank exclusively serving the home finance market for one to four family residential properties.Licensed by the U.S. Department of Housing and Urban Development, we specialize in government insured loans. Our approval by the United States Department of Veteran Affairs provides us the honor of being able to serve our military population. Additionally, we also offer Conventional Home Financing. Our corporate culture allows our employees to thrive both personally and professionally by utilizing the latest technological advancements available. We believe in empowering our loan originators with all of the resources and tools necessary to help them focus on growing their business by empowering their referral sources. It is no wonder why we are steadily growing at a rapid pace. NMLS: 819382

Our Technology: CRM Phone App, State of the art CRM, Referral Partner Portals, LO & Branch Website w/Marketing Portals.

Marketing: Marketing Portal, SMS/MMS Marketing, Social Media Marketing, Open House Flyers, Direct Mail Campaigns, Custom Video Ads, LO Landing Pages, Email Marketing, Flyers and Tri-Folder, Co-Branded Flyers, Promo Merchandise, EDDM Postcards, Bilingual Flyers, Custom Online Blog, Realtor Landing Pages, etc.

Our Company offers competitive compensation and benefits to our employees, including healthcare, dental, vision and a 401(k)/Roth retirement plan. We also offer paid time off and paid holidays.

Nationwide Mortgage Bankers, Inc. is an Equal Opportunity Employer. Our Company does not and will not discriminate in our employment and staffing practices on the basis of race, age, disability, gender, sexual orientation, nationality or any other basis prohibited by law.