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Fairway Independent Mortgage Corporation: Scenario Desk Underwriter (Remote)

Fairway Independent Mortgage Corporation

This is a Full-time position in Carrollton, TX posted August 31, 2021.

Job Posting:**REMOTE** The Scenario Desk Underwriter position provides the branch network with accurate and timely underwriting decisions on specific aspects of the loan file.

Resolves loan file issues early in the loan process and saves production underwriters time by resolving complicated issues prior to submission.

Decisions made by the Scenario Underwriter continue with the loan file thru closing.

Communicates with branch and corporate employees in a timely, efficient, and courteous manner.Essential Job Functions:Provides valid decisions to the branch network resolving complicated borrower, income or credit issuesProvides the branch with a decision that the borrower is not yet approvable early in the process and not after borrower has found a homeResolves issues early and provides the consumer with the best possible loan program for their situationReviews complicated tax return income calculations for self employed borrowersDetermines the inclusion of variable income sources (OT, Bonus, Commissions & 2106 expense issues)Resolves credit concerns such as insufficient credit or extenuating circumstance approval for reduced seasoning on bankruptcy, foreclosure or short saleReviews property concerns by reviewing property appraisals to ensure the property will meet FIMC and agency guidesDetermines borrower eligibility by reviewing Non Permanent designations; Non purchasing spouse issues; interested party issuesOffers alternatives to the branch for possible ways to provide financing for the borrower when relevantNon-Essential Job Functions:Participates in and leads proactive team efforts to achieve departmental and company goalsAdopts Fairway values in personal work behaviors, decision making, contributions and interpersonal interactionsContributes to a positive work environment by demonstrating cultural expectations and influencing others to reward performance and value ” Can do” people,accountability, diversity and inclusion, flexibility, continuous improvement, collaboration, creativity and funPerforms other duties as assignedRequired Knowledge and Skills:Solid knowledge and understanding of FHA VAUSDA, FNMA and FHLMC policies and guidelinesSolid knowledge and understanding of TILA, RESPA and Predatory LendingSolid knowledge and understanding of mortgage loan processing, compliance, investor products and underwriting guidelinesSolid knowledge and understanding of mortgage insurance (MI) guidelinesSolid knowledge and understanding of various fraud toolsSolid knowledge and understanding of processing and closing functions and a general understanding of the entire real estate lending process.Solid knowledge and understanding of customer service and intrapersonal best practicesExtensive knowledge and understanding of Investor, FHA and Fannie Mae guidelinesRequired Education and Experience:5+ years of residential loan underwriting with demonstrated problem solving experience required.Demonstrated experience working through complex, challenging, and unique casesCredit signing authority experience preferredDE certification and recent FHA underwriting experience preferredSecondary market experience preferredVA SAR/LAPP experience preferredDemonstrated experience with repurchase response and/or rebuttal review and response preparationDemonstrated experience working with Fannie Mae Desktop Underwriter and Freddie Mac Loan Prospector preferredDemonstrated experience researching information, problem solving, and making solid business decisionsDemonstrated experience reporting, analyzing, interpreting, and critical thinkingDemonstrated experience working with Mortgage BrokersDemonstrated experience effectively managing relationships with internal and external partnersDemonstrated experience working in a fast paced and changing environmentDemonstrated experience with attention to detail, written and oral communication, multi-tasking, and working in a team atmosphere adhering to tight deadlinesDemonstrated experience with MS Office software products#indeed#LI-JJ1

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