Remote Collateral Underwriter | WFH

Job Title: Collateral Underwriter

Reports to: Collateral Underwriting Manager

FLSA Status: Non-Exempt

Job Overview

We invite applications for the position of Collateral Underwriter, a critical role within our organization where you will be tasked with examining and evaluating appraisals to ensure compliance with established lending standards and program guidelines. Candidates with a thorough understanding of the lending process and familiarity with FNMA, FHMLC, FHA, and VA guidelines will be highly regarded. Preferred qualifications include certifications such as FHA DE and/or VA SAR. We seek a professional with outstanding organizational capabilities who excels in a dynamic, collaborative environment.

Key Responsibilities

• Conduct thorough reviews and underwriting of collateral, ensuring that appraisals satisfy investor and program criteria, aiming to complete 8-10 appraisals daily with a turnaround time of 24 hours or as directed by the Underwriting Manager.
• Analyze FNMA CU findings, focusing on the selection of comparable appraisals, marketability, and the acceptance of valuations, to uphold required standards.
• Request and assess revisions to appraisals, desk reviews, and field reviews when necessary.
• Verify the accuracy and consistency of appraisals by cross-referencing with essential documents such as title, flood certifications, and purchase agreements.
• Maintain a robust understanding of conventional appraisal requirements; familiarity with FHA and VA appraisal standards is advantageous.
• Clearly communicate appraisal decisions to the branch, including any conditions, reasons for suspense, or denials as required.
• Ensure prompt and professional responses to quality control or post-close findings.
• Execute additional duties as assigned.
  
  

Required Skills

• Minimum of 5 years of experience in mortgage underwriting, particularly in appraisal underwriting.
• Current FHA DE certification is preferred; VA SAR certification is an asset.
• Proficient in FNMA CU tools, Microsoft Outlook, and Encompass.
• Capable of managing high-volume workloads while meeting productivity benchmarks.
• Strong grasp of Agency/Investor lending guidelines.
• Exceptional professionalism and discretion in handling confidential information.
• Excellent written and verbal communication abilities.
  
  

Qualifications

• A minimum of 5 years of mortgage underwriting experience, with a preference for appraisal underwriting expertise.
• Preferred certifications include FHA DE and/or VA SAR.
• A solid understanding of conventional appraisal requirements is necessary.
• Strong time management and organizational skills to effectively prioritize tasks.
• Excellent interpersonal skills, contributing positively to team dynamics.
  
  

Career Growth Opportunities

We believe in investing in our employees’ professional development. As a member of our team, you will have ample opportunities for skill enhancement and career progression through tailored training and development programs.

Company Culture And Values

Our organization prides itself on fostering a culture of collaboration and professionalism. We emphasize open communication and mutual respect among team members, creating an environment where everyone can contribute meaningfully.

Compensation And Benefits

We offer a competitive salary commensurate with experience, alongside a comprehensive benefits package that includes medical, dental, vision insurance, life insurance, and a 401(k) plan. Paid vacation and sick leave are also included.

Equal Opportunity Employment

We are an equal opportunity employer and encourage applications from individuals regardless of race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, or genetic information. We are dedicated to providing equal access and reasonable accommodation for individuals with disabilities.

Employment Type: Full-Time