Randstad Underwriter III in Reston, Virginia

Underwriter III


Reston, VA Salary:

US$ 42 per hour Date Posted:

Thursday, September 29, 2016

Job Type:


Reference #:


Questions? 703-288-0700.


Randstad Finance & Accounting

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We are currently recruiting for an Underwriter for a client located in Reston, VA. This is a contract role, expected to last in the 6 month+ range. Hourly rate dependent upon experience, please indicate rate requirements.

If you, or someone in your network, would be interested in this role, please contact me immediately at Sheridan.king@randstadusa.com .

What will you be doing?

  • Review closed loans for eligibility with respect to Selling Guide, DU Guide, and/or negotiated terms as defined by contracts with lender partners

  • Perform risk analysis and make decision regarding deficiencies identified during the review process

  • Identify transaction components that indicate a potential for fraud and perform sufficient investigative work to resolve issues that are identified

  • Accurately record data and review conclusions in QAS (Quality Assurance System)

  • Professionally communicate the results of file reviews both verbally and in written format to internal and external customers

  • Maintain a sound knowledge of guidelines, DU guidelines, and risk assessment tools used to decision mortgage loans

  • Maintain a sound knowledge of secondary market activity, practices, and business/industry practices as they impact underwriting quality and origination activity

What do you need to have?

  • Undergraduate degree strongly preferred. Graduate degree in business, finance, accounting or related discipline preferred.

  • Prefer a minimum of 10 years of underwriting experience.

  • Understanding of traditional mortgage origination and underwriting practices

  • Intermediate user of MS Word and MS Excel, or comparable software packages

  • Strong organizational skills, teamwork, and results orientation

  • MANUAL UNDERWRITING EXP IS A MUST - AUS/DU only Underwriters need not apply

  • Secondary Market Exp is ideal

  • Need to know Fannie Mae and Freddie Mac guidelines

  • SUB-PRIME OR ALT A only Underwriters need not apply

  • Targeting contractors with strong manual underwriting skills and large company experience.

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