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- 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.
Social network you want to login/join with:Job DetailsPosition Type Full TimeEducation Level High SchoolSalary Range Job Category FinanceDescriptionAnnieMac 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.Qualifications5 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*** #J-18808-Ljbffr
Level IV Underwriter employer: JobLeads GmbH
Contact Detail:
JobLeads GmbH 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 processes and requirements 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 showcase your ability to handle complex underwriting scenarios. Highlighting your problem-solving skills and attention to detail will set you apart from other candidates.
We think you need these skills to ace Level IV Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Level IV Underwriter position at AnnieMac Home Mortgage. Understand the key responsibilities and qualifications required, as this will help you tailor your application.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in the mortgage industry, particularly any direct or indirect underwriting experience. Be specific about your roles and achievements that align with the job requirements.
Showcase Your Skills: Mention your familiarity with government regulations and investor guidelines, as well as your ability to analyse income from tax returns. Use examples to demonstrate how you've successfully navigated similar challenges in past roles.
Craft a Strong Cover Letter: Write a compelling cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role. Make sure to address how you can contribute to AnnieMac Home Mortgage and why you're a good fit for their team.
How to prepare for a job interview at JobLeads GmbH
✨Know Your Underwriting Guidelines
Familiarise yourself with the specific underwriting guidelines of AnnieMac Home Mortgage. Be prepared to discuss how your experience aligns with their requirements, especially regarding FHA Direct Endorsement and other relevant certifications.
✨Demonstrate Analytical Skills
Be ready to showcase your ability to analyse loan packages and identify potential issues. Prepare examples from your past experience where you successfully resolved complex underwriting challenges or detected fraudulent documentation.
✨Communicate Clearly
Effective communication is key in this role. Practice articulating your decisions on loans clearly and concisely, both verbally and in writing. You might be asked to explain your thought process during the interview, so clarity is crucial.
✨Stay Updated on Regulations
Show that you are proactive about staying informed on government regulations and industry standards. Discuss any recent changes in the mortgage industry that could impact underwriting practices, demonstrating your commitment to compliance and best practices.
