DPA/Bond Post close Underwriter

Overview:

Position: DPA/Bond Post-Closing Underwriter

Location: U.S. Remote

Position Summary:

The DPA/Bond Post-Closing Underwriter is responsible for reviewing and ensuring the compliance of closed mortgage loans that are part of Down Payment Assistance (DPA) or Bond programs. This role requires a deep understanding of DPA and Bond program guidelines, as well as a thorough understanding of mortgage underwriting procedures. The DPA/Bond Post-Closing Underwriter will work closely with internal teams and external partners to resolve any issues that may arise during the post-closing process, ensuring the loan meets the necessary regulatory, investor, and program requirements.

Responsibilities:

• Review and Underwrite DPA/Bond Loans:

• Review closed loans that utilize Down Payment Assistance (DPA) or Bond programs to ensure full compliance with program guidelines, investor requirements, and regulatory standards.
• Ensure all necessary documentation for DPA/Bond eligibility (e.g., program approvals, funding sources, income verification) is properly included in the loan file.

• Compliance with DPA/Bond Program Guidelines:

• Ensure that all post-closing activities adhere to DPA and Bond program guidelines, as well as applicable local, state, and federal regulations.
• Stay updated on changes in DPA and Bond program requirements to ensure compliance with current standards.

• Resolve Post-Closing Issues:

• Identify and resolve discrepancies in closed loan files, such as missing DPA or Bond documentation, inaccurate program certifications, or non-compliance with program eligibility.
• Collaborate with loan officers, processors, and third-party partners to correct any issues in the loan file to ensure the timely delivery of compliant loans.

• Investor and Program Delivery:

• Prepare DPA and Bond loans for investor and program delivery by ensuring that all necessary documentation is complete, accurate, and in line with program requirements.
• Work directly with government agencies, bond issuers, and DPA program administrators to ensure smooth loan delivery and program compliance.

• Quality Control and Risk Management:

• Conduct quality control checks on DPA/Bond loan files to identify potential risks and ensure compliance with program rules and regulations.
• Monitor trends and suggest process improvements to enhance the quality and efficiency of DPA/Bond loan processing.

• Documentation and Reporting:

• Ensure that all DPA/Bond loan documentation is properly organized, stored, and tracked in accordance with company policy and program requirements.
• Assist in responding to audits and investor reviews, ensuring that all necessary documents are available and in compliance with DPA and Bond program requirements.

• Communication and Coordination:

• Work with internal teams (e.g., underwriting, closing, and compliance) and external partners (e.g., program administrators, title companies, investors) to ensure the smooth processing and resolution of post-closing issues.
• Provide feedback to team members and help educate staff on DPA/Bond program requirements and best practices.

Qualifications:

• In-depth knowledge of DPA and Bond program guidelines, including income limits, eligibility requirements, and documentation standards.
• Strong attention to detail, analytical skills, and the ability to resolve complex issues in loan files.
• Proficiency in mortgage loan software, document management systems, and Microsoft Office Suite.
• Strong communication skills for interacting with internal teams and external stakeholders.
• Certification as a Mortgage Underwriter (e.g., CMB, DE, or other industry certifications).
• Familiarity with state-specific Down Payment Assistance programs and local bond program regulations.
• Experience with government agencies, housing authorities, and bond issuers in the context of DPA/Bond programs.

Desired Education / Experience:

• High School diploma or equivalent required. A degree in Business, Finance, or a related field is preferred.

Experience:

• Minimum of 3-5 years of experience in post-closing underwriting with specific knowledge of Down Payment Assistance (DPA) and Bond program guidelines.
• Strong understanding of mortgage origination, post-closing procedures, and compliance with DPA/Bond program requirements.

Work Authorization: Must be able to verify identity and employment eligibility to work in the U.S.

Other Duties: This job profile is not intended to be an all-inclusive list of job duties and responsibilities, as one may perform additional related duties as assigned in order to meet the needs of the organization.

Physical Demands: 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. Must be able to lift up to ten pounds. Primary functions require sufficient physical ability and mobility to work in an office setting; to stand or sit for prolonged periods of time; to occasionally stoop, bend, kneel, crouch, reach, and twist; to lift, carry, push, and/or pull light to moderate amounts of weight; to operate office equipment requiring repetitive hand movement and fine coordination including use of a keyboard; and to verbally communicate to exchange information. VISION: See in the normal visual range with or without correction. HEARING: Hear in the normal audio range with or without correction.

[EOE/M/F/D/V. Drug-free workplace.]

#LI-KH1

#LI-REMOTE