Randstad Underwriter III in Reston, Virginia
Reston, VA Salary:
US$ 42 per hour Date Posted:
Thursday, September 29, 2016
Randstad Finance & Accounting
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.email@example.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.