Government Underwriter, Correspondent Lending
PHH Mortgage

Job Info

Job Description

The Correspondent Lending Government Underwriter reviews, conditions and underwrites mortgage loans in accordance with established policies and procedures and appropriate guidelines; examines all documentation for accuracy and completeness.

Job Functions and Responsibilities:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.

  • Exams loan documentation for accuracy and completeness and determines whether additional information may be required in order to make a credit decision.
  • Responsible for making independent decisions regarding acceptance and risk of loans according to agency, company, and investor guidelines.
  • Approves loans, issues alternative options or adverse actions accordingly.
  • Adheres to all applicable internal PHH Mortgage policies and procedures.
  • Meets determined service level time frame requirements set by management.
  • Work with staff and management to find solutions on escalated loans.
  • Manage loans by using all functions of Encompass.
  • Effectively communicate underwriting decisions to Sellers.
  • Maintain high level of customer service and communication both internally and externally.
  • May be requested to make recommendations for improving PHH's policies and practices.
  • Other duties as assigned.
To perform this job successfully, an individual must have the following education and/or experience:
  • Minimum three years mortgage underwriting experience with working knowledge of FHA, VA and USDA guidelines. Correspondent Lending experience preferred
  • Ability to review income documentation, tax returns, credit reports, preliminary title reports, judgements, bankruptcy documents, appraisals and any additional applicable credit documents.
  • Proficient in VA SAR requirements.
  • Strong working knowledge of Encompass, DU, LPA, GUS, FHA Connection and VA Portal.
  • Ability to effectively present information and respond to questions both internally and externally in a professional, articulate and respectful manner.
  • Strong organizational, problem-solving, and analytical skills
  • Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm
  • Acute attention to detail
  • Excellent customer service skills
  • Proven ability to handle multiple projects and meet deadlines
  • Good judgment with the ability to make timely and sound decisions
  • Bilingual skills a plus
  • Must pass the Company's Background Screening process prior to beginning employment. Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.

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