Mortgage Gov't Underwriter III (DE/SAR/LAPP) - Michigan Mutual

About the Company

MiMutual Mortgage (noun) [my-mutual mortgage]: a national mortgage lender operating by the philosophy of great people, building a great company, and servicing our communities.

We’re committed to providing an exceptional and enriching work environment and job opportunities across the country. We take the mortgage process seriously while fostering a corporate culture that offers team members a positive, rewarding environment. In addition, we provide competitive salaries and benefits that make working for our company worthwhile. And, we have some fun while we’re at it.

MiMutual Mortgage is an agency-direct seller/servicers/issuer. We offer a comprehensive range of Conventional and Government products, competitive pricing and are licensed to do business in 41 states. We provide advanced technology, from our loan operating systems (MeridianLink) to our CRM (Insellerate).Everything is housed on cloud-based servers, which means you have access to all MiMutual systems via desktop, tablet and mobile. You can accomplish everything you need to whether you’re in the office, at home, or on the road!

With Mi Mutual, you’re more than just a number. Your talents matter. Your values matter. Your passions and your strengths matter. YOU matter.

Team Member Benefits

• Nationwide recognized networks for medical, dental and vision
• 401k with company match
• Flexible Spending Account (FSA), Health Savings Account (HAS), and Dependent Care options
• Aflac
• Life Insurance

Job Summary

The Retail Underwriter III is an advanced level role within the operations team. The Retail Underwriter III is responsible for reviewing and analyzing the risk for each loan to ensure the loans meet all regulatory guidelines and requirements to provide the company with saleable loans.

Summary of Role and Responsibilities

• Reviews all documents and conditions to ensures they meet the required guidelines by utilizing internal and external (e.g., agency) policies and procedures [e.g., automated underwriting systems such as Desktop Underwriter (DU)].
• Ensures that Company operating standards are met for underwriting and compliance by utilizing internal and external (e.g., agency) policies and procedures.
• Reviews applications and all pertinent disclosures to ensure compliance with all Federal, State and investor requirements are met and upheld.
• Monitors property appraisal process to ensure value of property is accurately presented.
• Analyzes documentation such as credit, income, assets, and appraisals to make sound underwriting decisions based on this analysis by using internal checklist.
• Reviews documentation within Company loan operating system (e.g., MeridianLink) and ensures documents are properly classified and organized.
• Makes quality underwriting decisions while maintaining Company turn-time expectations.
• Reviews and clears conditions on all loans to ensure a complete loan package prior to closing.
• Utilizes proprietary and on-line tools [e.g., Lexis/Nexis, Real Quest, Mortgage Electronic Registration System (MERS), AVM’s, etc.] to help combat fraudulent activity and ensure quality loan decisions.
• Communicates with peers by sharing underwriting “best practices” and providing accurate, thorough documentation on “best practices” or other documentation tools.
• Engages specific strategies (e.g., determines appropriate individuals to resolve escalated customer issues, etc.) to resolve customer questions and concerns.
• Continually reviews underwriting environment and suggests improvement opportunities to management.
• Acts as a recognized subject matter expert within the Company and partners with management on underwriting-related issues by providing analytical support, and counseling advice for their functional areas.
• Communicate with Loan Officers as needed to address their questions and offer guidance.
• Special projects, as assigned.

Qualifications

• 6+ years of experience underwriting government (e.g., Fannie Mae, Freddie Mac, FHA, VA, USDA, etc.) and conventional loans.
• Obtains active Direct Endorsement (DE), Staff Appraisal Reviewers (SAR), Lender Appraisal Processing Program (LAPP), and underwriting authority.
• Advanced knowledge of conventional and government loan underwriting and selling guidelines
• Ability to review and analyze, income, assets, credit, and collateral to determine if the loan documentation meets required guidelines and regulations for conventional loan programs
• Ability to explain conditions and requirements to brokers in efficient and timely manner
• Exceptional customer service
• Outstanding interpersonal relationship building skills.
• Ability to positively project the Company and department.

Work Environment

Work is performed within a hybrid remote and office environment, with standard office equipment provided.

Want to learn more?

Visit our website here: https://mimutual.com/