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: Join AnnieMac Home Mortgage, a dynamic player in the mortgage industry.
  • Benefits: Enjoy a full-time role with potential for growth and a supportive team environment.
  • Why this job: Make an impact in the mortgage sector while developing your skills in a collaborative culture.
  • Qualifications: Experience in the mortgage industry is essential; strong analytical skills are a plus.
  • Other info: Work closely with various departments to ensure smooth loan processing.

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

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 4 position 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.
  • Level IV Underwriter employer: Gehan Homes

    AnnieMac Home Mortgage is an exceptional employer that fosters a collaborative and supportive work environment, ideal for professionals seeking to advance their careers in the mortgage industry. With a strong emphasis on employee growth, we offer comprehensive training and development opportunities, ensuring our team members are well-equipped to excel in their roles. Located in a vibrant community, we pride ourselves on our commitment to work-life balance and a culture that values innovation and teamwork.
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    Contact Detail:

    Gehan Homes Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Level IV Underwriter

    ✨Tip Number 1

    Familiarise yourself with the latest mortgage industry regulations and guidelines. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a constantly evolving field.

    ✨Tip Number 2

    Network with professionals in the mortgage industry, especially those who work as underwriters. Attend industry events or join relevant online forums to gain insights and potentially get referrals for the position.

    ✨Tip Number 3

    Prepare to discuss specific examples of how you've handled complex loan packages in the past. Highlight your analytical skills and ability to identify fraudulent documentation, as these are crucial for the role.

    ✨Tip Number 4

    Research AnnieMac Home Mortgage thoroughly. Understand their values, culture, and recent news. Tailoring your conversation to align with their mission can set you apart from other candidates.

    We think you need these skills to ace Level IV Underwriter

    Underwriting Expertise
    Knowledge of Mortgage Industry
    Regulatory Compliance
    Analytical Skills
    Attention to Detail
    Communication Skills
    Problem-Solving Skills
    Fraud Detection
    Income Analysis
    Tax Return Review
    Collaboration with Loan Originators
    Understanding of Investor Guidelines
    Time Management
    Decision-Making Skills

    Some tips for your application 🫡

    Understand the Role: Familiarise yourself with the responsibilities of a Level IV Underwriter at AnnieMac Home Mortgage. Highlight your relevant experience in the mortgage industry and how it aligns with the job requirements.

    Tailor Your CV: Customise your CV to reflect your underwriting experience, particularly in loan credit packages and compliance with investor guidelines. Use specific examples that demonstrate your analytical skills and attention to detail.

    Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the mortgage industry and your ability to communicate effectively with various stakeholders. Mention any experience you have with resolving issues related to loan files.

    Proofread Your Application: Before submitting, carefully proofread your application materials for any errors or inconsistencies. A polished application reflects your professionalism and attention to detail, which are crucial in underwriting.

    How to prepare for a job interview at Gehan Homes

    ✨Know Your Guidelines

    Familiarise yourself with the company and investor guidelines relevant to underwriting. Be prepared to discuss how you have applied these guidelines in your previous roles, as this will demonstrate your understanding of the industry.

    ✨Showcase Your Analytical Skills

    Prepare examples that highlight your ability to analyse loan packages and identify potential issues, such as fraudulent documentation. This is crucial for the role, so be ready to explain your thought process during these analyses.

    ✨Communicate Effectively

    Since the role involves communicating decisions on loans, practice articulating your thoughts clearly and concisely. You might be asked to explain a complex decision, so being able to convey your reasoning is key.

    ✨Stay Updated on Regulations

    Research current government regulations and requirements related to mortgage underwriting. Showing that you are proactive about staying informed will impress the interviewers and demonstrate your commitment to compliance.

    Level IV Underwriter
    Gehan Homes
    Location: Mansfield
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    • Level IV Underwriter

      Mansfield
      Full-Time
      36000 - 60000 £ / year (est.)
    • G

      Gehan Homes

      50-100
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