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Underwriter Assistant

Invictus Capital Partners / Verus Mortgage Capital
Bloomington, MN Full Time
POSTED ON 1/15/2025 CLOSED ON 4/11/2025

What are the responsibilities and job description for the Underwriter Assistant position at Invictus Capital Partners / Verus Mortgage Capital?

Description

The Underwriter Assistant will support the underwriting team by preparing new submissions, ordering necessary credit documents, completing accurate data entry, and managing clerical tasks to ensure an efficient underwriting process. This role is critical in facilitating seamless workflow and minimizing delays. The ideal candidate will possess attention to detail, strong organizational skills, and the ability to work collaboratively in a fast-paced environment.

Responsibilities and Duties :

  • Review incoming loan files to ensure completeness and readiness for underwriting.
  • Validate key documents such as credit applications, income verification, asset statements, and property valuations.
  • Coordinate and order required credit-related documents, including credit reports, title work, appraisal orders, income verifications, and other necessary data.
  • Accurately input loan and borrower information into underwriting systems and ensure data integrity throughout the process.
  • Assist with clearing basic conditions as guided by the underwriting team and ensure all follow-up items are collected and submitted promptly.
  • Manage file organization, upload documents to systems, and maintain accurate records for the underwriting team.
  • Communicate effectively with Underwriters, Broker Coordinators, and Brokers to resolve issues or address questions related to loan submissions.

Education and Experience :

  • High school diploma or equivalent required.
  • 1-3 years of experience in mortgage operations (e.g., processing, underwriting support, or administrative roles).
  • Familiarity with mortgage loan documentation, including income verification, credit reports, and property appraisals.
  • Experience in non-QM loans is a plus.
  • Strong attention to detail and organizational skills.
  • Ability to prioritize and manage multiple tasks in a deadline-driven environment.
  • Excellent verbal and written communication skills.
  • Proficiency in Microsoft Office Suite (Excel, Word, Outlook) and mortgage systems.
  • Team-oriented mindset with the ability to work collaboratively.
  • Key Competencies :

  • Attention to Detail : Ensuring accuracy in reviewing and inputting loan documentation and maintaining data integrity throughout the underwriting process.
  • Organizational Skills : Managing multiple tasks, maintaining well-organized records, and ensuring timely submission of required documents.
  • Communication Skills : Effectively interacting with underwriters, brokers, and team members to resolve issues and provide clear updates.
  • Problem-Solving : Adapting to a fast-paced environment and addressing challenges or discrepancies in loan submissions.
  • Technical Proficiency : Competence in using Microsoft Office Suite and mortgage-related systems for efficient document management and data processing.
  • How This Role Demonstrates Our Values :

  • Integrity : The Underwriter Assistant ensures accuracy, honesty, and compliance in preparing and validating loan documentation. By adhering to ethical standards and company policies, they uphold trust and transparency in every transaction.
  • Collaboration : This role works closely with underwriters, brokers, and team members to streamline the underwriting process. Their ability to coordinate effectively fosters teamwork and helps achieve common goals with minimal delays.
  • Excellence : Through meticulous attention to detail, efficient task management, and a commitment to quality, the Underwriter Assistant contributes to delivering outstanding service and maintaining high operational standards.
  • Critical Curiosity : The Underwriter Assistant applies critical thinking to identify gaps, inconsistencies, or opportunities for improvement in loan files and processes. Their proactive approach to problem-solving ensures continuous learning and optimization.
  • Benefits

  • Great compensation package
  • Attractive benefits plans and paid time off
  • 401(k) w / company matching
  • Professional learning and development opportunities
  • And much more!
  • Successful applicants will exemplify strong ethics, integrity, respect for others, accountability for decisions and actions, and good citizenship.

    Maintaining a reliable, uninterrupted high speed internet connection is a requirement of hybrid or remote positions.

    All job duties and responsibilities must be performed within the guidelines of the Verus Residential Mortgage Employee Handbook and established company policies and procedures. It is the responsibility of each employee to maintain confidentiality of the company, its clients and to follow applicable laws and regulations in the performance of duties.

    Verus Mortgage Capital is an equal opportunity employer. All qualified applicants are welcomed to apply and will receive consideration for employment without unlawful discrimination because of a person’s race, religious creed, color, national origin, citizenship status, ancestry, marital status, sex, age, or sexual orientation, or because of a person’s disability or medical condition.

    Invictus Capital Partners, LP, a leading investment firm, established in 2008, and its affiliate Verus Residential Loanco, LLC, manage and oversee investments in mortgage loans, primarily with a focus on the non-QM market. Invictus is located in Washington, D.C. and has approximately 50 employees, and Verus is located in Minneapolis and has approximately 170 employees. The Companies have overseen the acquisition of over $30 billion in assets since their inception. In addition, Invictus manages funds with over $3 billion in capital under management that have sponsored 60 rated securitizations. Interested candidates can learn more about the Companies by visiting www.invictuscp.com and www.verusmc.com.

    Salary : $50,000

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