POSITION PURPOSE:
Keystone Consulting Group is seeking Due Diligence Underwriters. The Due Diligence Underwriter will specialize in both the credit and compliance portion of the file review. Responsibilities will encompass a thorough review of credit, property, legal documentation, and regulatory compliance.
Ideal Candidates:
To be successful in this position, the ideal candidate will have experience underwriting both AUS, Non-QM and Jumbo loans. Additionally, the Underwriter must be proficient in performing complex income analysis with multiple REOs and must have experience with Bridge, DSCR, Compliance Only, Credit/Compliance Agency, Credit/Compliance NQM, Credit/Compliance Jumbo, HELOC/CES, MI reviews. Mortgage loan origination systems (LOS) experience, preferably in LauraMac.
Responsibilities:
· Perform credit and compliance review and testing on closed mortgage files.
· Accurately enter applicable data from the loan file into the underwriting platform.
· Ensure underwriting guidelines are met; make sure correct decision has been made based upon guidelines (Ratings – 1, 2, 3 / A, B, C, D for Credit, Property, Compliance, and Overall Final Rating).
· Analyze the loan file for determination of Borrower’s overall credit profile and determination of risk regarding Ability to Repay.
· Validate automated exceptions and provide appropriate recommendations on Findings.
· Investigate deviations and red flags found within the loan file and apply applicable Findings if appropriate.
· Work on special projects as assigned.
· Monitor emails and Teams to ensure responsiveness to all inquiries.
· Read and respond to audit feedback in a timely manner.
· Meet or exceed quality and production expectations.
· Contact designated email staffing group to determine next assignment.
· Attend and successfully complete all required training courses.
· Develop ways to improve current processes and/or provide new services to meet the client needs.
· Adhere to all Policies and Procedures.
· Perform in a QC Underwriter role when needed based on volume and business requirements.
Expectations:
· All operation staff should have flexibility and be capable of transitioning from one client deal to another in order to meet client delivery expectations as volumes vary.
· Employee is to be flexible in their availability to meet the scheduling needs of each client they are assigned to.
· Employee is responsible for staying up to date on our security measures and policies to ensure they maintain the highest level of integrity confidentiality and privacy and all dealings associated with Keystone Consulting Group, its clients, and our clients’ customers personal information.
· Employee is to only share PII on a need-to-know basis with those authorized to work on the account.
· Employee is to conduct their work and process with the highest level of quality, integrity, and privacy.
· Employee is accountable for their actions.
Requirements
Education, Experience, and Job Skills:
• Some College preferred or prior work experience equivalent.
· Minimum of 5 years mortgage industry experience
• Minimum 3 years’ experience underwriting residential mortgage
loans.
• Minimum 2 years of mortgage due diligence underwriting experience
preferred.
• Strong attention to detail with excellent written and verbal communication
skills.
• Ability to work independently and ask for assistance / escalate when
needed.
• Able to work constructively under stress and pressure and perform tasks
efficiently.
• Ability to adapt to changing requirements and new processes.
• Strong analytical skills with the ability to draw conclusions based on
objective-based facts.
• Proficient in basic computer skills including working knowledge of Microsoft
Office products.
• Knowledge and experience with AUS reports, manual underwriting, and
Agency Guidelines.
• General knowledge of mortgage industry regulatory requirements.
• Confidence in performing complex income analysis with multiple business and REOs.
Travel Requirements:
· No Travel required.
Benefits
Full Benefits
