Contract Due Diligence Underwriter
Maxwell
WorldwideFully remoteContractSeniorFinance & Banking
Posted 2 hours ago2h agoApply link checked 2 hours ago
Why we think you can apply
- Hiring model
- Open worldwide · the employer states no country restriction
- Work from
- Anywhere, the UAE included
Posted 2 hours ago · apply link checked 2 hours ago
About the role
Responsibilities
- Review mortgage loan files to ensure accuracy and verify presence of all required documents
- Perform due diligence review of residential mortgage loan applications and documentation to ensure compliance with investor/product guidelines and AUS requirements
- Analyze borrower's credit profile, collateral, and capacity to repay, including income calculation and ability to repay analysis
- Calculate and analyze loan-to-value ratios and debt carried
- Analyze purchase contracts, title commitments, and other loan-pertinent documentation
- Enter review results into proprietary software
- Execute risk analysis and recommend resolutions for identified deficiencies
- Stay current on agency, state, and multiple investor guidelines
- Manage time efficiently to meet daily production goals
- Clear QA feedback and perform within department audit standards
Requirements
- Strong working knowledge and experience in the LauraMac Due Diligence software system
- 5+ years of current experience in underwriting, preferably with prior experience in Quality Control
- Minimum 1-year Due Diligence experience at a mortgage lending institution
- Familiarity with best practices for post-close quality control on newly and seasoned originated mortgages
- Strong knowledge of Fannie Mae/Freddie Mac guidelines, QM/ATR
- Proficiency in Non-QM loan processes and requirements
- A deep understanding of DSCR/business purpose loans
- Ability to work with multiple investor guidelines and overlays
- Strong ability to calculate income across various earning types
- Strong appraisal review skills
- Excellent analytical and communication skills
- Proficiency in pipeline management and multitasking in high-volume environments
- Ability to work independently and contribute to a team environment
About the Company
Maxwell was founded in 2015 to streamline the mortgage process for borrowers and lending teams. The company's mission is to democratize mortgages by helping lenders work more efficiently and stay compliant while eliminating the barrier to entry and the stress for the borrower.
What we look for
- Strong working knowledge of LauraMac Due Diligence software
- 5+ years underwriting experience
- 1+ year Due Diligence experience at a mortgage lending institution
- Knowledge of Fannie Mae/Freddie Mac guidelines
- Proficiency in Non-QM loan processes
- Deep understanding of DSCR/business purpose loans
- Strong appraisal review skills
- Analytical and communication skills
underwritingDue DiligencemortgageLauraMac
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Maxwell
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