Junior Underwriter

Purpose: To increase the efficiency, productivity, and quality of the LSM Underwriting Department by assisting the Senior Underwriters and communicating with branch processors, loan officers and the corporate staff.

Duties:

  • Assign and reassign loans to underwriters as their capacity, authority, and loan volume dictates, with the goal of maintaining acceptable turn times.
  • Monitor and track the rush process while maintaining a master List of LO earned Plats
  • Update and send daily companywide Turn Times email, and answer questions from processors and officers regarding turn times.
  • Review initial loan submissions for completeness of initial loan submission requirements and communicate with loan processors to address deficiencies.
  • Work with loan processors/officers on questions regarding loan conditions, procedures, and loan status.
  • Assist Sr. UW’s with mortgage insurance, Encompass issues, and other requests.
  • Review, notate and clear conditions in line with ability and authority, at initial submission and resubmission.
  • Complete post-Clear to Close adjustments/updates.
  • Complete Closing Disclosure requests, communicating with processor for any changes/additions/updates needed.
  • Submit/ Resub Condo approval projects for various investors as needed.
  • Stay up to date on changes to loan requirements and company policies.
  • Answer UW Scenario questions as needed
  • Review Visionet pre-underwritten loans for condition accuracy and return to processing, or forward to underwriting as appropriate.
  • Answer questions regarding Visionet conditions and procedures.
  • Submit, resubmit, and clear to close loans completed through broker channel or underwritten directly by investor (duty currently completed by processing).
  • Review investor suspense and complete loan file reviews to clear suspense items and ensures the loan is salable.

Qualifications:

  • Preferred 3-years processing or mortgage banking experience.
  • Basic Microsoft Office skills.
  • Strong analytical skills including analyzing complex data.
  • Excellent verbal, written, and interpersonal communication skills.
  • Ability to interact with all levels of an organization.

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