Level IV Underwriter

Level IV Underwriter

Mansfield Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Underwrite loans, ensuring compliance with guidelines and resolving issues with investors.
  • Company: AnnieMac Home Mortgage is a dynamic player in the mortgage industry, committed to excellence.
  • Benefits: Enjoy medical, dental, vision plans, and a 401K, plus flexible work options.
  • Why this job: Join a supportive team, make impactful decisions, and grow your career in finance.
  • Qualifications: 5 years of underwriting experience and FHA Direct Endorsement required.
  • Other info: AnnieMac is an Equal Opportunity Employer and participates in E-Verify.

The predicted salary is between 36000 - 60000 £ per year.

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Job Details

Position Type Full TimeEducation Level High SchoolSalary Range Job Category Finance

Description

AnnieMac Home Mortgage is looking to hire a Full-Time Underwriter Level 4 to be responsible for the underwriting of loans in accordance with company and investor guidelines. Candidates should have experience directly or indirectly related to the Mortgage Industry. Under the direct supervision of the Underwriting Manager the accountabilities and job activities of the Underwriter Level 4position include, but are not limited, to the following:

  • Timely underwriting of loan credit packages and appraisals for compliance with various investor and government agency guidelines.
  • Contact with private investors and government agencies to resolve any issues or questions that may arise on loan files, programs, etc.
  • Review and analyze income from both personal and corporate tax returns.
  • Communicate decision on loans to appropriate parties both verbally and in writing.
  • Analyze loan packages for any sign of fraudulent documentation or information.
  • Work with Loan Originators to restructure questionable loans into a salable package.
  • Remain informed of all government regulations, requirements and laws for both branch and broker submissions.
  • Consult with the Processing and Closing departments to ensure that all underwriting conditions are met prior to closing the loan.
  • Review and clear all underwriting conditions prior to closing.
  • Qualifications

  • 5 years Conventional front-line underwriting.
  • FHA Direct Endorsement required.
  • VA LAPP and SAR, USDA, and/or Jumbo required.
  • Pass pre-hire assessment.
  • Complete new hire training including underwriting of test cases and second level review of “live” loans.
  • Knowledge of various investor guidelines and requirements.
  • Minimum of 20 mbps download and 3 mbps upload internet bandwidth speeds are required.
  • AnnieMac Home Mortgage offers a wide range of benefits, including medical, dental and vision plans, along with voluntary benefits, including 401K.

    ***AnnieMac Home Mortgage participates in E-Verify***

    ***AnnieMac Home Mortgage is an Equal Opportunity Employer***

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    Level IV Underwriter employer: AnnieMac Home Mortgage

    AnnieMac Home Mortgage is an exceptional employer that prioritises employee well-being and professional growth, offering a comprehensive benefits package including medical, dental, vision plans, and a 401K. With a supportive work culture that encourages collaboration and continuous learning, employees in the Level IV Underwriter role can thrive in a dynamic environment while contributing to meaningful financial solutions for clients.
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    Contact Detail:

    AnnieMac Home Mortgage Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Level IV Underwriter

    ✨Tip Number 1

    Familiarise yourself with the specific underwriting guidelines of AnnieMac Home Mortgage. Understanding their unique requirements and processes will help you tailor your approach during interviews and discussions.

    ✨Tip Number 2

    Network with current or former employees in the mortgage industry, especially those who have worked at AnnieMac. They can provide valuable insights into the company culture and expectations for the Level IV Underwriter role.

    ✨Tip Number 3

    Stay updated on the latest trends and regulations in the mortgage industry. Being knowledgeable about current events and changes in government regulations will demonstrate your commitment and expertise during the interview process.

    ✨Tip Number 4

    Prepare to discuss specific examples from your past experience that highlight your underwriting skills, particularly in handling complex loan packages. This will showcase your ability to meet the demands of the Level IV position effectively.

    We think you need these skills to ace Level IV Underwriter

    Conventional Underwriting
    FHA Direct Endorsement
    VA LAPP and SAR
    USDA and Jumbo Loan Knowledge
    Loan Package Analysis
    Fraud Detection Skills
    Communication Skills
    Attention to Detail
    Knowledge of Investor Guidelines
    Problem-Solving Skills
    Time Management
    Collaboration with Loan Originators
    Regulatory Compliance Knowledge
    Analytical Skills

    Some tips for your application 🫡

    Understand the Role: Before applying, make sure you fully understand the responsibilities of a Level IV Underwriter. Familiarise yourself with the specific requirements mentioned in the job description, such as experience in the mortgage industry and knowledge of various investor guidelines.

    Tailor Your CV: Customise your CV to highlight relevant experience in underwriting and the mortgage industry. Emphasise your skills in analysing loan packages, communicating decisions, and resolving issues with investors and government agencies.

    Craft a Strong Cover Letter: Write a compelling cover letter that showcases your passion for the role and the company. Mention your qualifications, such as FHA Direct Endorsement and any other relevant certifications, and explain how your experience aligns with the job requirements.

    Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail, which is crucial for an underwriting position.

    How to prepare for a job interview at AnnieMac Home Mortgage

    ✨Know Your Guidelines

    Familiarise yourself with the various investor and government agency guidelines relevant to underwriting. Being able to discuss these in detail will show your expertise and preparedness for the role.

    ✨Demonstrate Analytical Skills

    Prepare to showcase your ability to analyse income from tax returns and identify fraudulent documentation. Bring examples of past experiences where you successfully navigated complex loan packages.

    ✨Effective Communication

    Practice articulating your decisions clearly, both verbally and in writing. You may be asked to explain how you would communicate loan decisions to different parties, so think about how to convey complex information simply.

    ✨Stay Updated on Regulations

    Make sure you're up-to-date with current government regulations and requirements. Showing that you are proactive about staying informed will demonstrate your commitment to compliance and best practices in underwriting.

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