Mortgage Banking - Collateral Underwriter I - Jacksonville, FL
Graduate job Jacksonville (Duval County) Accounting / Management control
Job description
The Collateral Underwriter I will underwrite residential appraisal reports that are provided by Chase Third Party Suppliers to ensure the collateral meets Chase and investor requirements.Appraisals are submitted to Chase through automated underwriting tools. The successful candidate will be responsible to consider the output of the automated underwriting tools together with appraisal report content to determine if the report meets Chase requirements. Underwriting decisions must be conducted within required timeframes and in conformance with Chase policy & regulatory requirements. Work performed will include requesting report revisions through Third Party Suppliers providing general assistance to internal partners, and communicating appraisal underwriting decisions (approval, suspense, denial) to appropriate individuals within JPMorgan Chase. Principal Duties and Responsibilities (in order of importance) 路Underwrite Tier 1 appraisals. 路Identify deficiencies within valuation products and require revisions as needed to meet Chase requirements. 路Independently verify certain data supplied within appraisals, leveraging alternative data sources. 路Answering appraisal underwriting questions in support of internal partners 路Understand and leverage output of collateral risk tools (FNC GAAR, ACRP, MLS, RealQuest), in performance of appraisal underwriting functions
Desired profile
路High school diploma or equivalent is required, business degree preferred 路1-2 years appraisal experience or 1-2 years underwriting experience, required. 路Prefer one year of experience in the mortgage lending/servicing business or appraisals 路Strong technical skills (Microsoft Office, SharePoint, etc.) 路Strong analytical skills 路Strong communication skills (written and oral) 路Detail oriented with control focus Work well under pressure