Mortgage Banking Collateral Underwriter III - Lewisville, TX

Job description

The Mortgage Banking Collateral Underwriter III 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 Underwrite Tier 3 appraisals. Identify deficiencies within valuation products and require revisions as needed to meet Chase requirements. Independently verify certain data supplied within appraisals, leveraging alternative data sources. Answering appraisal underwriting questions in support of internal partners Understand and leverage output of collateral risk tools (FNC GAAR, ACRP, MLS, RealQuest), in performance of appraisal underwriting functions Success will be measured using the following metrics: Total activities cleared in the prioritized assignments Loan quality scores (related to appraisal underwriting quality) Daily Production Goals

Desired profile

• High school diploma or equivalent is required, business degree preferred • 5 years appraisal review experience or as an appraiser or 5 years underwriting experience, required. • FHA and/or VA Appraisal/LAAP Certification preferred • Prefer minimum two years of experience in the mortgage lending/servicing business or appraisals • Strong technical skills (Microsoft Office, SharePoint, etc.) • Strong analytical skills • Strong communication skills (written and oral) • Detail oriented with control focus Work well under pressure