Underwriter I

Discover Home Loans is looking for an energetic, hard-working Underwriter I to join our team!

The responsibilities of the Underwriter I include, but are not limited to:

• Disburse and log all loan submissions to the underwriting department; Reviews incoming loan files within twenty-four (24) hours of receipt
• Underwrites residential loans; reviews loan-to-value ratios, credit reports, applications and appraisals to ensure that each loan meets the secondary marketing guidelines.
• Identifies alternate financing solutions (as necessary) or escalates loan files to Underwriting Lead/Manager for second-level review; Works with Sales and Processing agents to negotiate alternatives with customers.
• Communicates suspense/re-work requirements to Processors after second-level reviews by Underwriting Manager.
• Run DISSCO, Assetwise and any other automated systems as required by investor; Updates system status as needed.
• Assist Underwriting Managers and Team Leads with miscellaneous duties.
• Submitting and following up on exception requests and prior approvals with the investor

Qualifications

A successful candidate will have the following skills and experience:

Experience / Training / Education:

• 0-1 years related experience and training in underwriting residential loans
• Any similar combination of education and experience

Knowledge / Skills / Abilities:

• Thorough working knowledge of commonly used concepts, practices and procedures within underwriting field
• Strong knowledge of Internet loan origination for mortgage and/or home equity loans, knowledge of all internal products
• Effective oral and written communication skills; Excellent interpersonal skills
• Computer skills: intermediate MS Word, intermediate MS Excel, intermediate MS Outlook, intermediate MS Access, intermediate knowledge of Internet.
• Basic knowledge of Automated Underwriting Systems, such as DU/DO; LP;
• Ability to work under pressure of multiple projects and deadlines; Ability to effectively prioritize workload and manage changes in direction
• Ability to interpret and apply required policies and procedures
• Ability to work in a team environment
• Prior experience in mortgage industry strongly preferred
We are an Equal Opportunity Employer and do not discriminate against applicants due to race, ethnicity, gender, veteran status, or on the basis of disability or any other federal, state or local protected class.