Mortgage Underwriter jobs in Indiana

GVC Mortgage, Inc. is seeking an experienced Mortgage Underwriter to join our robust team.

Essential Duties and Responsibilities:

• Responsible for analyzing and underwriting conventional residential mortgage loan applications.
• Evaluate creditworthiness of borrowers in order to render a credit decision, including review of paystubs, W2’s, financial statements, tax returns, asset statements, bank account statements, credit reports, etc.
• Ensure loans meet or exceed applicable underwriting guidelines and are in compliance with the Ability to Repay (ATR) and Qualified Mortgage provisions of the Dodd-Frank Act.
• Review transmittal & URLA to make sure it is accurate and matches the final AUS findings.
• Review credit report and compare to liabilities on URLA. Verify the investor guidelines for outstanding derogatory items and requirement payment or satisfaction if needed.
• Review documents to determine whether borrower’s social security number needs to be verified with the Social Security Administration and, if so, condition file for verification.
• Calculate income/self-employed cash flow using documentation and methodology required per investor, and CFPB regulations. Analyze the business’s financial strength by examining annual earnings to determine stability and validity. Income must be verifiable, stable and ongoing.
• Review assets to ensure adequate funds to close and required reserves. Ability to analyze bank statements for any recent large deposits and possible other debts that might impact ATR.
• Review appraisal to ensure the report is accurate, complete and the value is supported, and the collateral is acceptable. Recognize when additional field reviews may be necessary to support value.
• Ability to review Condo/PUD projects to ensure they meet salable or non-warrantable guidelines.
• Ensure all tax, title, insurance and closing documents are accurate and complete.
• Request additional information as needed on all documents to help determine loan risk.
• Deliver an extraordinary client experience by exceeding expectations.
• Maintain current and fluid knowledge of investor and agency guidelines and adapt to changes quickly.
• Communicate effectively and proactively engage with mortgage loan officers, processors, branch managers, funders and post-closers with respect to loan decisions, assignment of loan conditions, investor guidelines/documentation requirements and possible loan scenarios.
• Other duties as assigned by management.

Knowledge and Skill Requirements:

• Professionalism and confidentiality are an absolute must.
• Familiarity with home loans and conventional mortgage programs, guidelines, and loan products.
• Ability to multi-task in a fast-paced environment with critical deadlines.
• Working knowledge of Microsoft office and automated underwriting systems.
• Excellent decision-making and communication skills.

Education and Experience:

Higher Education Preferred

Training Requirements:

• General Workplace Safety
• Information Security
• AML
• Fair Lending

Work Environment:

Usual office working conditions.

Founded in 1996, GVC Mortgage, Inc. is a family-owned mortgage lender with over 30 retail branch locations operating across the Midwest.

GVC Mortgage, Inc. is committed to equal opportunity in all employment practices to all qualified applicants and employees without regard to race, color, religion, gender, gender identity, age, national origin, pregnancy, disability, genetics, marital status, military or veteran status or any other protected category as established by local, state and federal law. This applies to all aspects of the employment relationship including recruitment and hiring, placement, promotion, transfer, compensation, disciplinary action, layoff, leaves of absence, training and termination. All such employment decisions will be made without unlawful discrimination based on any prohibited basis.

While performing the duties of this job, the employee is regularly required to communicate, remain stationary, stand, walk, reach with hands and arms. The employee must occasionally lift and/or move 10 pounds. Close and distance vision is required with ability to see objects in presence of glare or bright lighting (e.g., computer screen). Speech/Hearing: Frequently interact with management, vendors, coworkers, industry constituents, clients, and the public.

The essential functions, working conditions and physical demands described above are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.

GVC Mortgage, Inc. is an Equal Opportunity Employer. We offer competitive compensation and a comprehensive benefits package to benefits eligible employees including medical, dental, vision, group life insurance and 401K.

NMLS#2334

Job Type: Full-time

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift

Work Location: Hybrid remote in Pendleton, IN 46064