Mortgage Banking Underwriter II, Columbus, OH

Job description

The underwriter will review and analyze complex customer financial documentation and propose solutions to assist customers in obtaining and/or retaining homeownership. The staff members may interact with other internal and external parties such as Customer Assistant Specialists, Loan Processors, and Quality Assurance, Closers and investors or government agencies as needed

Duties & Responsibilities:

• Applies knowledge of mortgage servicing process and/or Chase credit

underwriting guidelines.

• Adheres to all Chase Fair Lending practices

• Reviews all loan underwriting and modifications documentation to

ensure compliance with investor requirements (e.g. loan documents,

appraisals, etc)

• Analyzes complex financial information including calculation of income

and debt ratios, verification of assets, collateral review and credit

review.

• Analyzes difficult and challenging problems and identifies potential or

innovative solutions, identifies documentation deficiencies within review

and communicates findings with clarity

• Keep up to date on all credit policy changes that impact underwriting

• Displays customer service excellence

• Applies relevant technical and computer expertise

• Strong verbal and written communication skills as well as excellent

teamwork with internal employees and external customers/business

partners.

• Achieves and exceeds work goals for productivity, quality and

turnaround time

• Prioritizes workflows

• Demonstrates a determination to get the job done right the first time

while ensuring loan decisions meet all program and product

specifications

Desired profile

The qualified candidate will underwrite and apply necessary conditions to ensure the borrower meets program specifications. As an Underwriter II, you will have working knowledge of residential mortgage underwriting guidelines and be responsible for the analysis of submitted files for repayment capacity, capital/assets, character, collateral and property condition, while adhering to Chase credit policies and investor/agency guidelines. Underwriters support and uphold fair lending practices of JPMorgan Chase, and are responsible for productivity targets ensuring the highest quality and level of customer satisfaction.

Knowledge and experience:

• Minimum of 3 years' experience as a residential mortgage underwriter

• Thorough knowledge of complex personal and business financial

analysis and an expertise in tax return, balance sheet analysis

including cash flow and self-employment income analysis.

• Demonstrated expertise of Conventional or Government or Jumbo

lending guidelines.

• Thorough knowledge of Mortgage Insurance policies

• Excellent analytical and decision making skills

• High school diploma or equivalent required

• College degree in business and/or equivalent work experience

preferred

• Government designations preferred (VA Credit, VA LAPP, and FHA

DE)

• Knowledge of Federal and State regulatory requirements