Mortgage Underwriter
Key Mortgage Services
Schaumburg, illinois
The Underwriter’s role is to analyze mortgage loan transactions and documentation to determine credit quality and conformance with industry standards. They evaluate documents against loan parameters and guidelines set forth by the Agencies, Company and/or secondary market investors to determine if the borrower(s) and subject property qualify for the applicable loan. They approve, suspend, or deny loans with direction back to the sales and processing team when the loan decision includes suspension or denial. When possible, the underwriter will provide guidance on what, if anything, can be done to help the borrower qualify for the loan or for any other known loan products. Knowledge of guidelines and a methodic loan review process will be the key to success in this high-volume and fast paced environment.
Essential Duties
- Maintain a strong working knowledge of Agency guidelines (Fannie Mae, Freddie Mac, FHA and VA). ...