Mortgage Underwriter
Novus Home Mortgage, Brookfield, WI, United States
Mortgage Underwriter
Underwrite and assess credit quality of residential mortgage loans (conventional, FHA, VA, USDA, Bond). Review income, assets, credit, collateral, and AUS/manual underwriting findings to ensure accuracy and compliance. Analyze complex scenarios, including self-employed borrowers, layered financing, and first-time homebuyer programs. Review property appraisals, fraud reports, and third-party verifications for validity, collateral acceptability, and risk mitigation. Exercises good judgment and delivers an underwriting decision on each loan file within determined underwriting service level agreements. Maintain quality standards and ensure compliance with federal and state regulations. Interacts with Quality Control, Compliance, and Funding for problem resolution, risk evaluation, and compliance concerns. Communicate with the Loan Officer, Processor, and Closer to aid in resolving conditions. Demonstrates proficiency in automated underwriting systems. Knowledge of basic lending and underwriting policies and procedures, including guidelines issued by FNMA and FHLMC. Sound judgment and decision-making skills. Ability to work under pressure and meet deadlines with minimal supervision. Excellent organizational skills. Knowledge of Freddie Mac, Fannie Mae and FHA/VA guidelines. This position is offered as an onsite position for candidates who reside within commutable distance of our corporate location in Brookfield, WI. For candidates outside a commutable distance of Brookfield, WI, this is offered as a remote position. Pay range is $43.00 - $50.50 per hour plus bonus potential. Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities This employer is required to notify all applicants of their rights pursuant to federal employment laws.
Underwrite and assess credit quality of residential mortgage loans (conventional, FHA, VA, USDA, Bond). Review income, assets, credit, collateral, and AUS/manual underwriting findings to ensure accuracy and compliance. Analyze complex scenarios, including self-employed borrowers, layered financing, and first-time homebuyer programs. Review property appraisals, fraud reports, and third-party verifications for validity, collateral acceptability, and risk mitigation. Exercises good judgment and delivers an underwriting decision on each loan file within determined underwriting service level agreements. Maintain quality standards and ensure compliance with federal and state regulations. Interacts with Quality Control, Compliance, and Funding for problem resolution, risk evaluation, and compliance concerns. Communicate with the Loan Officer, Processor, and Closer to aid in resolving conditions. Demonstrates proficiency in automated underwriting systems. Knowledge of basic lending and underwriting policies and procedures, including guidelines issued by FNMA and FHLMC. Sound judgment and decision-making skills. Ability to work under pressure and meet deadlines with minimal supervision. Excellent organizational skills. Knowledge of Freddie Mac, Fannie Mae and FHA/VA guidelines. This position is offered as an onsite position for candidates who reside within commutable distance of our corporate location in Brookfield, WI. For candidates outside a commutable distance of Brookfield, WI, this is offered as a remote position. Pay range is $43.00 - $50.50 per hour plus bonus potential. Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities This employer is required to notify all applicants of their rights pursuant to federal employment laws.