Experienced Residential Mortgage Underwriter (MLB Residental Lending, LLC)

MLB Residential Lending serves the lending needs of home buyers, home owners, real estate professionals and builders. Our staff are passionate about assisting others in fulfilling the American Dream of home ownership, making the process as simple as possible. A home mortgage is generally the largest financial transaction youll ever make, so its important to make the right decisions and to keep an eye on the details. With the assistance of your Mortgage Loan Originators, closing a loan with MLB will be an efficient, pleasant and ultimately rewarding experience.
We have a different concept.
It was our dream in founding our company that Home owners are ready for a creative and imaginative mortgage source within their own community. We recognized, for example, the important relationship that exists between the borrower and the lender, and foresaw the opportunity for creating a better service to our customers by providing access to local branches in addition to the internet. Our plan was to have an office near you and give you the choice to visit personally or through a web address.
We had also learned from long experience in the Real Estate/Mortgage field what realtors and home buyers desire most from a mortgage banker: the sensitivity, flexibility and competence for rendering a genuinely responsive service. Building on standards like these is enabling us to realize our dream of what a mortgage company should be. MLB is becoming one of New Jerseys leading and most innovative providers of home mortgages. Our financial resources place us in a strong position for supporting our steadily expanding mortgage volume. Evolving with our growth has come a full range of services, tailored with imagination to accommodate the mortgage needs of a wide and varied circle of prospective homeowners.
What makes us proud to be your lender?
- Experience: our executives each have over 30 years experience
- We offer Programs available to meet the needs of most families- Our loans close as according to your needs
- MLB is a new technologically savvy company benefiting applicants with Quick Loan Decisions
- Our cutting edge technology allows customers to always keep informed on their application process.
- Our ability to deliver the best rates and terms custom to each applicant
- Our loan officers stay with your application to closing and are typically available after normal business hours
- Our commitment is to be your local direct mortgage lender.
MLB Mortgage is currently seeking individuals for its operations department including: Underwriters
- Requirements include a thorough working knowledge of and ability to analyze credit reports, income documentation, assets, liabilities, property appraisals, and title reports, to insure loans meet company standards for sale into secondary market.
- Person will identify, analyze and balance transactional, borrower and property related risks and offsets to arrive at a loan decision of approval, suspense, counter offer or denial.
- FHA/VA and 203K experience preferred.
- Review of Loan Application Package. The underwriter shall review the loan application package using verified data in the loan submission package.
- Quality of the Loan. The underwriter shall ensure that the quality of loans conforms to government regulations, company standards and standards for sale to the secondary market.
Responsibilities and Duties:
The underwriter will review the loan application package using verified data from the loan submission package. Evaluate the following:
- The borrower's income relative to financial obligations
- The adequacy of the credit quality and borrower qualifications
- The sources of funds- The security property
- The loan terms, LTV and ratios making sure they meet the program guidelines
- Run file through AUS (LP/DU/DO) when applicable
- Review application in LOS for accuracy. Encompass experience a plus.
- Notify processor and loan officer of decision made. Approve loan in accordance with appropriate terms and conditions, counter-offers if the term does not meet company Lending standards and guidelines, or deny the loan
- Reviews and clears all conditions
- Maintains current knowledge of all loan products and origination requirements
- Ensures accuracy of loan disclosures and documentation
Requirements:
Minimum 2+ years underwriting experience FHA, VA and 203K a MUST. Strong verbal communication skills. Proficient with DU and LP. Familiar with MS Word and MS Excel. Ability to review, analyze, and provide feedback regarding underwriting results. Ability to work in a team environment with minimal supervision.
Starting Salary Range Based Upon Experience. Medical, Dental, Vision, 401K, Paid Time Off (PTO). Progressive work environment
Full Time Position / 2+ Years Mortgage Loan Underwriting Experience Preferred
Job Type: Full-time
Required experience:
Residential Mortgage Loan Underwriting: 2 years / FHA, VA and 203K a MUST
Job Type: Full-time
Required experience:

• Mortgage Underwriting: 2 years

ControlID: 14.234.89 SHR