Key Facts

Remote From:

Full time

English

Hard Skills

Account Analysis Underwriting Credit Analysis Sarbanes-Oxley Act (SOX) Compliance Sales Management Debt Ratios Loan Processing Collateral Management Lending Products Risk Mitigation Job Analysis Scenario Analysis Lead Time Reduction Risk Management Financial Analysis Critical Appraisal

Other Skills

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Quality Control
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Decision Making
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Communication
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Active Listening
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Time Management
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Teamwork
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Analytical Thinking
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Detail Oriented
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Mentorship

Roles & Responsibilities

Knowledge of mortgage underwriting guidelines and investor overlays (non-QM, FHA/VA/HUD/USDA and related programs).
Ability to analyze borrower income, credit, assets, ratios, and collateral, and interpret appraisal reports to determine loan eligibility.
Proven ability to manage underwriting workload with 24-48 hour turn times and clear UTC conditions within 24 hours.
Strong risk assessment, decision-making, and quality control skills, with ability to stay updated on guideline changes and communicate findings to sales/loan officers.

Requirements:

Underwrite 3+ new loans per day while ensuring compliance with investor/agency guidelines and program requirements (including non-QM, FHA/VA/HUD/USDA or applicable overlays).
Maintain 24-48 hour turn times; clear UTC conditions within 24 hours; prepare loans for risk committee; and provide counter offers on non-conforming loans.
Stay current on investor, agency, FHA/VA/HUD, UHM guideline changes and overlays; ensure accuracy of criteria for loan types, products, rates, and required documentation.
Provide training support to the sales force, assist loan officers with scenarios, explain any conditions, contribute to development of junior underwriters and processors, and participate in roundtables or seminars as needed.

Union Home Mortgage Corp.

Financial Services

About Union Home Mortgage Corp.

Since our inception in 1970, Union Home Mortgage has guided hundreds of thousands of aspiring homebuyers through the process of achieving homeownership. Driven by the belief that homeownership should be accessible for everyone, we go the extra mile for every customer, while providing a personalized experience unmatched in the industry. Guided by the vision and dedication of our President and CEO, Bill Cosgrove, we’ve built a world-class company where people come first. With a culture that stands out in the mortgage industry, you won’t find employees here – only Partners - who live by the shared values of our Code of Conduct. We respect one another, communicate openly and hold each other accountable. Our commitment to delivering personal, world-class service has helped us expand our reach into over 44 states + D.C. and grow our annual lending volume trending over $5 billion in responsible lending per year, trending over $13 billion in 2021. NMLS #2229 Union Home Mortgage Corp. is an Equal Housing Lender. Loans are available on a fair and equal basis regardless of race, color, national origin, religion, sex, handicap, marital status, sexual orientation, familial status (having children under the age of 18), age (if old enough to enter a contract), because income is from public assistance, or because a right was exercised under the Consumer Credit Protection Act. nmlsconsumeraccess.org https://www.sml.texas.gov/wp-content/uploads/2021/07/rmlo_80_200_b_recovery_fund_notice.pdf

Company type: Large

Industry: Financial Services

Founded: 2018

Company size: 1001 - 5000

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Job description

This position is responsible for the timely and accurate analysis and evaluation of loan applications based on a borrower’s credit, employment, income, financial data and asset profile, along with the appraisal report, and investor guidelines. An underwriter makes sound decisions that mitigate risk to the company, adhere to quality standards, and maximize the borrower’s chances of obtaining and sustaining homeownership.

At UHM, we understand diversity comes in many different forms. It’s our commitment to improve inclusion in the workplace through programs and policies that establish a positive and inclusive environment where every Partner, regardless of their background, can grow and excel. We value diversity, educate on equity, and create inclusive partner opportunities to ensure that you know #UBelongAtUHM!

DUTIES & RESPONSIBILITIES

Responsible for underwriting 3+ new loans per day while minimizing any risk to the company by thoroughly analyzing a borrower’s income, credit, assets, ratios and collateral to ensure compliance with our investors, agencies, HUD, VA, USDA or HFA’s, as applicable.
Maintain 24-48 hour turn times.
Responsible for clearing UTC conditions within 24 hours.
Responsible for preparing loans for risk committee.
Responsible for making counter offers on loans that do not conform to products under which they were originated.
Responsible for remaining updated on all investor, agency, FHA, VA, UHM guideline changes along with any overlays.
Ensure the accuracy of all necessary criteria for specific loan types, products, rates, applicable documentation, and data.
Maintain Quality Control ratings within company standards.
Attend appropriate seminars, and live and recorded courses to keep abreast of current market trends and developments.
Sit in on roundtables when needed.
Provide training support to the sales force as needed.
Responsible for listening in on departmental huddles.
Assist loan officers with scenarios and explain any conditions that are not clear to them.
Assist in the development of junior underwriters and processors.