Government Underwriter 3 - West Coast at Flagstar Bank, N.A. in Austin, Texas

Job Description:

Position Title
Government Underwriter 3 - West Coast

Location
Work From Home United States

Job Summary
Underwrites all levels of complexity of mortgage loan applications and loan amounts including conventional, government, and Jumbo mortgage products. Ability to evaluate loans in order to maximize organizational profit and minimize risk or loss. Responsible for collateral evaluation for all property types including multi-family and renovation loans. Well-versed in standard concepts, practices, and procedures of residential underwriting and is able to ensure that loan meets investor/loan delivery requirements including FHA and VA insurability. Able to manually underwrite loans and is not reliant on automated underwriting to make a sound credit decision. This level of underwriter is expected to accurately analyze risk factors along with the presence of compensating factors that mitigate risk to the bank and structure transactions accordingly. Excellent quality and communication skills are required, while working in a fast-paced production environment.
Employee may be required to work overtime based on business need.

Pay Range: $36.72 - $52.36 - $68.00

Job Responsibilities:

• Properly applies Flagstar, investor and compliance/regulatory guidelines while underwriting our most complex loan transactions. Places the proper conditions on a loan. Formulates clear, concise and actionable conditions. Ability to manually underwrite loans and apply sound judgment and decisions.


• Review and clear conditions based on Flagstar and investor guidelines within a designated timeframe.


• Provide professional and knowledgeable assistance and communication to customers and internal groups. Follow-up with customers in a timely and in an actionable format.


• Mentors underwriter levels 1 and 2 and assists them with complex loan files, as needed.


• Other duties may be assigned at the discretion of management.

Job Requirements:

• HS Diploma, GED or Foreign Equivalent


• More than five years of government underwriting experience.


• Extreme attention to detail and organization


• Strong email etiquette


• Ability to build relationships with customers, sales and internal groups


• Ability to analyze complex income, assets, credit and collateral


• Proven decision-making skills


• Displays initiative and drive for results


• Able to work independently


• Strong problem-solving, analytical and resolution skills


• Good written and oral communication skills


• Intermediate to advanced technical/functional skills are required.


• Experience with Desktop Underwriting and Loan Prospector (Total Scorecard)


• Able to perform duties within prescribed productivity timelines while maintaining high quality


• Utilizes proper listening skills to identify and resolve issues quickly.


• Able to maintain high production and quality


• Typical business hours Monday through Friday 8am-5pm Pacific Time