Southwest Stage Funding LLC, Cascade Financial Services
  • Gilbert, AZ, USA
  • Full Time

Medical, Dental, Vision, Life, 401K


Job Description:  The FHA DE Underwriter is responsible for underwriting and applying conditions for residential mortgage loans using FHA underwriting guidelines.  By analyzing the entire loan file, including ability to repay the mortgage, capital and collateral requirements, and overall general risk, the DE underwriter will approve or deny the loan file in accordance with those requirements.  The position reports directly to the Underwriting Manager and is not a remote position.  Some overtime may be required.

 

Key Duties & Responsibilities:

  • Frontline FHA Mortgage Underwriting of residential loan applications for purchases, refinances, streamlines, and construction-to-permanent loans.
  • Analyze employment, credit, income, assets, purchase contracts, appraisal, title, and other documents submitted by Processing and either accept or deny documentation according to FHA requirements.
  • Receive, review, and clear loan conditions in accordance with company and agency guidelines.
  • Work with Doc/Funders, Sr. Processing, and Jr. Underwriting to ensure workflow remains efficient while maintaining loan quality.
  • Suggest potential alternative documentation when conditions do not meet requirements or restructure as a counter-offer.
  • Recognize when AUS approval becomes invalid and loan must be manually underwritten. Manually underwrite loans in accordance with FHA's requirements.
  • Maintain underwriting turn times and quality and production standards set forth by management.
  • Evaluate loan applications to determine eligibility, acceptability, and compliance with TRID, federal, and state laws.
  • Perform as a team member in allocating and coordinating the work flow.
  • Other duties as assigned.

 

Required Qualifications:

  • DE / FHA Certification / CHUMS ID
  • Minimum of 3+ years FHA underwriting experience
  • In depth knowledge of the 4000.1 and corresponding Mortgagee Letters
  • Able to examine loan documentation for accuracy and completeness
  • Familiar with fraud detection techniques
  • Familiar with Microsoft products, including Word, Excel, and Outlook
  • High School Graduate or Equivalent

 

Preferred Qualifications:

  • Loan Prospector (LP) experience a plus
  • Data Trac and Encompass experience a plus
  • VA, USDA experience a plus
  • Manufactured Housing and/or Construction Lending experience a plus

 

Knowledge, Skills & Abilities:

  • Excellent written and verbal communication skills.
  • Detail oriented, high degree of accuracy as demonstrated by regularly verifying all work thoroughly.
  • Ability to think and work in a methodical and logical way as demonstrated by arranging and prioritizing work duties.
  • Ability to handle stressful situations in a professional manner.
  • Must be able to work in team environment
Southwest Stage Funding LLC, Cascade Financial Services
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