Job Description
Job Title: Collateral Underwriter
Reports to: Collateral Underwriting Manager
FLSA Status: Non-Exempt
### Job Overview:
We are seeking a detail-oriented Collateral Underwriter to join our team. In this role, you will be responsible for analyzing and evaluating appraisals to ensure they align with lending standards and program guidelines. Ideal candidates should have a solid understanding of the loan process, along with familiarity with FNMA, FHMLC, FHA, and VA guidelines. Certifications such as FHA DE and/or VA SAR are highly preferred. We're looking for someone with excellent organizational skills who thrives in a fast-paced, team-oriented environment.
### Key Responsibilities:
- Review and underwrite collateral to ensure appraisals meet investor and program criteria, completing 8-10 appraisals per day with a 24-hour turnaround (or as set by the Underwriting Manager).
- Analyze FNMA CU findings, including appraisal comparable selection, marketability, and valuation acceptance, ensuring appraisals meet required standards.
- Request and review appraisal revisions, desk reviews, and field reviews as necessary.
- Cross-check appraisals against documents like title, flood certification, and purchase agreements to ensure accuracy and consistency.
- Possess a thorough understanding of conventional appraisal requirements; experience with FHA and VA appraisal requirements is a plus.
- Communicate appraisal decisions clearly to the branch, including conditions, suspense reasons, or denial details as applicable.
- Ensure timely and professional communication in response to any quality control or post-close findings.
- Perform additional duties as assigned.
### Qualifications and Skills:
- Minimum 5 years of mortgage underwriting experience, with a preference for appraisal underwriting experience.
- Current FHA DE certification preferred; VA SAR certification is a plus.
- Proficiency in using FNMA CU tools, Microsoft Outlook, and Encompass.
- Ability to manage high-volume workloads and meet productivity standards.
- Strong understanding of Agency/Investor lending guidelines.
- High level of professionalism and discretion when handling confidential information.
- Excellent written and verbal communication skills.
### Personal Attributes:
- Strong time management and organizational skills to effectively prioritize tasks and meet goals.
- Excellent interpersonal skills, fostering professional relationships.
- Ability to work well under pressure and meet tight deadlines.
- Capable of working both independently and as part of a team.
- Proactive, reliable, and a problem-solver.
### Working Conditions:
This is a remote, work-from-home position with occasional travel required for training and meetings. Overtime may be necessary, with prior approval from management.
### Benefits:
We offer a comprehensive benefits package, including medical, dental, vision, life insurance, and a 401(k) plan. Paid vacation and sick time are also provided. Compensation is competitive and based on experience.
Equal Opportunity Employment
We are an equal opportunity employer and welcome applications from qualified individuals regardless of race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, or genetic information. We are committed to providing access, equal opportunity, and reasonable accommodation for individuals with disabilities. If you need accommodation during the application process, please contact our Human Resources Department.
Employment Type: Full-Time
Salary: $ 40,000.00 140,000.00 Per Year
Job Tags
Full time, Remote job, Work from home,