Employment Opportunities

Job Title:              Mortgage Underwriter

Department:      Lending

Reports to:          Vice President of Lending/CLO

Interested candidates may mail their resume to Human Resources at 145 Industry Avenue Springfield, MA 01104 , email their resume to hr@arrhacu.com or fax their resume to 413-737-7635

Job Summary:

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 and guidelines. Person will identify, analyze and balance transactional borrower and property related risks and offsets to arrive at a loan decision of approval, suspends, counter offer or denial. 

 

Essential Job Functions:

Evaluate

  • The borrower(s) income relative to financial obligations

  • The adequacy of the credit quality and borrower(s) qualifications

  • The security property

  • The source of funds

  • The loan terms, loan to value and ratios abiding to our guidelines

  • Run files through our Automatic Underwriting System (AUS)-if applicable

  • Review loan in our Loan Operation System(LOS) to ensure accuracy

  • Reviews and clears all conditions

  • Maintains current knowledge of all loan products and origination requirements

  • Ensures accuracy of loan disclosure and documentation

 

 

Education and Experience

  • Minimum of 5 years’ experience in mortgage underwriting experience

  • Excellent understanding of the secondary market guidelines (FNMA, FHLMC, FHLB)

  • Effective analytical and mathematical skills

  • College degree preferred but not required strong understanding of mortgage process flow from origination to closing

  • Self-starter, self-reliant, dependable, ability to meet specific time constraints

  • Experience with AUS Loan Prospector and Desktop Underwriter

  • Experience with Private Mortgage Insurance