Wholesale Underwriter II (US Based)

Summary

The main goal of the position is to make sound credit decisions. Individual will work closely with all FCM Wholesale Staff (sales and Ops) and must have a high level of organizational and communication skills. Role and Responsibilities

• Review, examine, clear conditions, and underwrite loans to ensure soundness, business value and compliance with FCM and investor standards.
• Assess loan attributes and documentation for soundness and accuracy.
• Review, evaluate and synthesize data to ascertain loan viability and identify risk issues and potential fraud.
• Evaluate debt ratio, loantovalue ratios, credit score, property valuation and various other factors.
• Determine and document loan conditions and communicate requirements and/or decisions.
• Assist in identifying, recommending and/or negotiating alternative loan requirements, funding and/or loan structuring solutions.
• Provide input on new and/or existing Underwriting processes, procedures and/or approaches.
• Identify and recommend alternatives regarding loanstructuring and financing solutions.
• Review and analyze special conditions, loan deficiencies and exception requests to determine appropriate courses of action.
• Assess Underwriting program effectiveness and, as appropriate, making recommendations for improvement.
• Regularly exercise discretion and independent judgment in addressing critical business matters that have a significant financial impact on First Community Mortgage.
• Other duties as assigned.

Education and/or Experience: High School Diploma/GED; 7 plus years mortgage experience with 3 years experience clearing various credit conditions. Thorough understanding of underwriting policies and procedures, as well as investor guidelines and regulatory updates including knowledge of FHA, VA, FNMA, and FMLMC guidelines and standards. Familiar with LP and DU underwriting. Must have proven analytical and decision-making skills. Must possess a positive attitude and be flexible in an environment that is moving forward. Must be a team player and be willing to constructively contribute to the department. Must be trustworthy and have strong work ethic. Skills:

• Ability to effectively articulate information and respond to questions from customers, vendors and mortgage related issues.
• Proficient use of Microsoft Office, Excel, Word, and Outlook.
• Must be able to calculate interests, commissions, percentages, and discounts.
• Prefer experience with Encompass or must learn.
• Must possess sense of urgency to restrictive time frames and deadlines.
• Must be professional at all times with dress and actions.

Physical Demands:

• Must be able to sit or stand for extended periods of time such as meetings, driving, sales rallies, etc.
• Must be able to talk and hear, frequent use of hands and arms to reach and occasionally lift or move up to25 pounds.
• Specific vision requires close distances, color, and ability to focus.
• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Comments: This job description is an outline of the major recurring responsibilities of the job. It is not intended to be all-inclusive of the work to be performed. Other related job objectives, special assignments and less significant responsibilities may be required of the incumbent to perform.

• Hours of operation: 8:305:30 EST

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