DE Underwriter

Job ID
2017-3536
Category
CalAtlantic Mortgage
Location
Charlotte, NC

Overview

Be a part of CalAtlantic Group, Inc. where building the dream of home from coast to coast is our mission. Our culture is established from great leadership and dynamic teams across the country, driven to become the preferred builder of choice for customers, employees and shareholders. As the nation’s fourth largest residential homebuilder, CalAtlantic Homes proudly operates in 19 states serving 43 major markets. As a talented organization with a long proven history of success, CalAtlantic provides you the opportunity to join this outstanding team in the new homebuilding industry.

 

CalAtlantic Mortgage is currently searching for a DE Underwriter to join our Mortgage office in Charlotte, NC, where they will be working closely with our East Coast branches while working out of the regional operations centers The qualified candidate will perform the fiduciary responsibility of closing transactions according to lender closing instructions while ensuring compliance with regulatory agencies.

 

Underwrite Conventional, FHA, VA and USDA residential loans, ensuring compliance with internal and agency program guidelines and meeting or exceeding quality assurance standards.

Responsibilities

Responsibilities Will Include:

  • Review and analyze credit/income/asset documentation submitted in order to make a sound determination of creditworthiness per guidelines using department approved checklists and worksheets.
  • Ensure that property appraisals meet standard secondary market investor requirements.
  • Offer alternative financing on eligible loans that cannot be approved.
  • Issue appropriate Approval/Pend/Denial Notifications in the origination system per RESPA standards and company policy.
  • Notify Loan Officers/Branch Managers of denials and pends via email.
  • Review and analyze all credit/income/asset documentation submitted in order to make a sound determination of creditworthiness per guidelines using department approved checklists and worksheets.
  • Ensure that property appraisals meet HUD/VA requirements per guidelines.
  • Approve VA appraisals if LAPP (Lender Appraisal Processing Program) approved using the VA checklist for VA appraisals and per VA guidelines. Issue the Notice of Value (NOV) through the VA portal.
  • Offer alternative financing on eligible loans that are unable to be approved as submitted.
  • Issue appropriate Approval/Pend/Denial Notifications in the origination system per RESPA standards and company policy.
  • Notify Loan Officers/Branch Managers of denials and pends via email.
  • Keep up-to-date on agency guidelines (Fannie Mae, Freddie Mac, FHA, Rural Housing, all applicable bond programs).
  • Keep up-to-date on secondary marketing guidelines (Loan Program Summaries).
  • Ensure all specifics of internal loan program summaries are adhered to.
  • Act as a liaison with Secondary Marketing and the branches with regard to offering alternative programs on loans that are deemed ineligible as initially submitted.
  • Keep up-to-date on internal underwriting procedures.
  • Keep up-to-date on other market updates or changes.
  • Attend industry education classes as assigned by the Underwriting Manager
  • Use approved automated underwriting systems (LP/DU/GUS) daily in the underwriting process to ensure information is accurate per Non-Agency guidelines.
  • Maintain familiarity with all aspects of the automated underwriting systems and how they affect loan approval decisions.
  • Knowledgeable of all agency updates; participating in all underwriting industry related training.
  • Apply feedback from the automated underwriting systems for use in the underwriting process
  • Communicate approvals, declines and pends to branches, Loan Officers and Branch Managers via email.
  • Relay to the Loan Officers and Loan Processors errors in files or areas that could use improvement.
  • Forward declined files to the weekly Loan Committee with an explanation regarding the reasons for the denial.
  • Respond to all Quality Control and investor inquiries on underwriting compliance
  • Meet quality underwriting standards/benchmarks as established by senior management.
  • Comply with all state and federal regulatory compliance procedures.
  • Help prepare responses to agency or internal audits for submission to the National Underwriting Manager for review and approval.
  • Maintain familiarity with the company’s loan processing system.
  • Assist with all other special tasks or projects as directed by management.
  • Meet minimal daily production points as established by the Underwriting Manager.
  • Be familiar with and at all times comply with the Company’s Code of Business Conduct and Ethics, the Company’s Employee Handbook and all other Company policies and procedures, as each may be in effect from time to time.
  • Conduct all activities in conformity with all federal, state and local laws, rules and regulations applicable to the Company.
  • Do not accept any fee, compensation or other remuneration from any borrower, vendors, from other lenders or from any other third party in connection with the referral of goods or services relating to the Company.
  • Do not engage in any fraud, misrepresentations, or any other illegal activity.

 

Qualifications

Candidates Will Need to Meet the Follow Qualifications:

  • High school diploma or equivalent.
  • A minimum of 2 years hands-on underwriting experience of Conventional/FHA/VA and USDA loans (based on designations received) to include the ability to analyze self-employed borrowers tax returns and financial statements.
  • Must have FHA DE certification.  VA/LAPP preferred
  • Strong overall computer skills (i.e., MS Office, automated underwriting systems).
  • Excellent verbal and written communication skills.
  • Excellent organizational and team-building skills.
  • Demonstrated judgment and decision-making ability.
  • Ability to establish excellent relationships internally and externally.
  • Strong attention to detail.

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