27 May 2023

Part-Time Underwriter – Al Kharj

Bank Leumi USA – Posted by JobsTeam Al Kharj, Riyadh, Saudi Arabia

Job Description

You will be the financial expert who assesses the Company’s financial risk on a potential borrower and is ultimately responsible for approving or denying mortgage loans as a Mortgage Underwriter. Our Underwriters’ primary responsibility is to assist in the underwriting process so that business goods can continue to be produced in accordance with all applicable laws and company policies.

Job Title : Underwriter
Location : Al Kharj, Riyadh, Saudi Arabia
Salary : $ 30.2 per hour.
Company : Bank Leumi USA
Job Type : Part-Time

Qualifications:

  • Provide great internal and external customer service that is tailored to the specific demands of each client and fosters bank loyalty.
  • Maintain a thorough understanding of loan product requirements and industry rules, including aiding with mortgage fraud prevention, discovery, and resolution.
  • Determine the loan’s total risk and successfully underwrite it using lending regulations and processes.
  • Responsible for staying current on all state, local, and federal regulations, as well as ensuring that all guidelines are followed, including but not limited to the Ability to Repay (ATR), Qualified Mortgage (QM), Real Estate Settlement Procedures Act (RESPA), Truth in Lending (TILA), and all other applicable mortgage lending rules.
  • FNMA, FHLMC, and FHLB are among the investors in the credit union with whom this person must keep up to date on all secondary market criteria. Changes to these regulations must be communicated in a timely and accurate manner.
  • Examines and analyses information on mortgage loan documents to see if the buyer, property, and loan conditions meet Credit Union and government criteria.
  • Manages the mortgage loan application pipeline. Completes a full risk analysis of mortgage loan applications, which includes legal document evaluation, income analysis (including self-employment and tax return analysis), and asset analysis, among other things. Determine if the application fulfils the standards for the credit union portfolio or the secondary market using this analysis, and then approve or deny the application depending on the findings. Alternative approval criteria are suggested if they are appropriate.
  • Credit, income, and assets should be evaluated on a loan-by-loan basis in order to accurately assess individual risk. Mortgage Originators should be informed of underwriting decisions as quickly as practicable.
  • As you operate and update the Bank’s appraisal site, interact with appraisers about issues, corrections, and more information.
  • Demonstrate the ability to reach independent decisions regarding applicants’ creditworthiness based on existing underwriting criteria, Bank policies, processes, knowledge, and experience.

Skills:

  • -3 years of mortgage underwriting experience desirable, or a combination of education and experience that is similar.
  • Knowledge of CUDL 360 and Symitar, as well as Microsoft Excel and Word Processing.
  • Conventional, FHA, VA, USDA, VHDA, and NC underwriting standards are all well-known.
  • 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.
  • It is necessary to have exceptional interpersonal, organizational, and communication abilities.

How to Apply

فرص عمل شاغرة اليوم

Job Categories: Mortgage Underwriter. Job Types: Part-Time.

Job expires in 25 days.

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