Collateral Underwriter - Remote - Bay Equity

Job title: Collateral Underwriter
Reports to: Collateral Underwriting Manager
FLSA Exempt: Non-Exempt

Job purpose:

Candidate is responsible for all functions related to analyzing and evaluating appraisals to meet lending standards & program guidelines. Individual is strongly preferred with a current FHA DE and/or VA SAR certifications. Candidate must possess knowledge of the loan process and knowledge of FNMA/FHMLC, FHA, and VA guidelines. In addition, they should have strong organizational and accuracy skills with the ability to work in a fast-paced team environment.

Duties and responsibilities:

• Review & Underwrite collateral to insure the appraisal meets investor and program criteria. Minimum standard of 8-10 appraisals per day with a turn time of 24 hours or as set by underwriting manager
• Review FNMA CU findings, address appraisal comparable selection, review for marketability and valuation acceptance, confirm appraisal is completed to appraisal standards
• Request and review appraisal revisions, desk reviews, and field reviews
• Review appraisal against title, flood cert, purchase agreement, etc. for accuracy & consistency
• Thorough knowledge of conventional appraisal requirement required. Knowledge & experience with FHA and VA appraisal requirements is a plus.
• Sends and/or calls out appraisal decision to branch with all appropriate conditions, a suspense with detailed reason, or a denial with detailed reasons.
• Timely response to PFQC and Post Close findings ----remove this line item & replace with: Timely & professional communication required.
• Other duties as assigned.

Qualifications and Job Skills:

• Minimum 5 years mortgage underwriting experience, with preferred Appraisal Underwriting training and experience
• Prefer applicants have a current FHA De certification, VA SAR certification is also a plus
• Experience using the FNMA CU tool, Outlook, and Encompass
• Ability to handle high volume levels and meet productivity standards
• Thorough knowledge of Agency/Investor lending guidelines
• Ability to handle confidential material in a professional and ethical manner
• Excellent written and verbal communication skills

Personal Attributes:

• Time management and organization skills to effectively prioritize multiple tasks and achieve production focused goals
• Strong interpersonal skills to build and maintain professional relationships
• Ability to work under tight timelines
• Ability to work independently and be a team player
• Must be proactive and reliable

Working conditions:

Position is for remote from home. Requires occasional travel for training and meetings. Overtime as needed and approved by management.

Physical requirements:
N/A

Direct reports:
N/A

We offer a comprehensive benefit package including; medical, dental, vision, life insurance, 401k, and we offer vacation and sick time. Compensation based on experience. This is a full-time position.

Bay Equity is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, or genetic information. Bay Equity is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. To request reasonable accommodation, contact our Human Resources Department at hrdeskteam@bayeq.com.