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17 Feb
2023
Full-Time Associate Mortgage Underwriter – Huraymila
Job Description
For all mortgage lending products, the Mortgage Underwriter is in charge of risk mitigation. All mortgage applications will be risk reviewed by the Mortgage Underwriter to ensure that they meet portfolio and/or secondary market criteria. On applications that do not meet portfolio and/or secondary market requirements, the Mortgage Underwriter will suggest approval or denial. The Mortgage Underwriter will engage with authorized parties in a professional manner in order to gather or clarify information needed to appropriately assess risk and make a loan decision.
Job Title : Associate Mortgage Underwriter
Location : Huraymila, Riyadh, Saudi Arabia
Salary : $ 28.8 per hour.
Company : Allianz Real Estate
Job Type : Full-Time
Qualifications:
- Acquire a full grasp of loan product criteria and industry laws, including assistance in preventing and discovering mortgage fraud
- When you’re in charge of and maintaining the Bank’s appraisal portal, talk to appraisers about mistakes, updates, and extra information.
- Examines and analyses information on mortgage loan documentation to see if the buyer, property, and loan terms are in compliance with Credit Union and government guidelines.
- Determine the level of risk involved in the whole loan application and effectively underwrite the loan utilizing lending rules and procedures to ensure that the loan is approved.
- To correctly assess individual risk, analyze credit, income, and assets on a loan-by-loan basis and provide underwriting recommendations to Mortgage Originators as quickly as feasible.
- In charge of the mortgage loan application procedure. Examines legal papers, examines income (including self-employment and tax returns), and examines assets, among other things, to perform a comprehensive risk analysis of mortgage loan applications. Determine if the application complies with the credit union’s or secondary market’s standards using this analysis, and then approve or deny the application depending on the findings. Alternative approval criteria are recommended if they’re appropriate.
- Responsible for staying up to date on all state, local, and federal standards, such as the Ability to Repay (ATR), Qualified Mortgage (QM), Real Estate Settlement Procedures Act (RESPA), Truth in Lending (TILA), and any other related mortgage lending rules.
- Demonstrate the ability to make sound decisions about applicants’ creditworthiness based on current underwriting standards, Bank policies, processes, skills, and experience.
- Improve the bank’s reputation by providing exceptional service to all of its clients, both on the inside and the outside.
- Responsible for staying up to date on all secondary market requirements, with an emphasis on the credit union’s existing investors, such as FNMA, FHLMC, and FHLB. Changes to these regulations must be communicated correctly and promptly.
Skills:
- Ability to communicate, analyze, audit, investigate, and make decisions are all required. You have outstanding communication and problem-solving abilities, both vocally and in writing.
- Conventional, FHA, VA, USDA, VHDA, and NC underwriting guidelines are well-known.
- Its desirable if you have 1-3 years of mortgage underwriting experience, or if you have a similar mix of education and experience.
- Outstanding interpersonal, organizational, and communication abilities are required.
- CUDL 360 and Symitar, as well as Microsoft Excel and Word Processing, are required skills.