What are the responsibilities and job description for the Appraisal Underwriter position at Ruoff Mortgage Company Inc?
Description
Position Summary
Responsible for the review of conventional and government mortgage loan applications ensuring quality and compliance with company, investor & appraisal guidelines and meeting closing schedules.
Essential Responsibilities
- Completes a thorough analysis of loan files to determine compliance with company, investor, and FHA/VA guidelines.
- Evaluate the entire appraisal package and collateral for residential mortgage loans and ultimately ensure an “investment” quality loan product.
- Check accuracy of calculations.
- Assists with training of new underwriters.
- Recommend the loan disposition for loan amounts in excess of authority limitations to underwriting manager.
- Communicate decision on loans to appropriate parties both verbally and in writing.
- Be available to processors and correspondents for general guideline interpretations and questions on specific loan files.
- Respond to post-closing reviews and audits in a timely fashion.
- Maintains a professional image and standards consistent with company policies and procedures.
- Responsible for a high level of confidentiality and security while handling company information; verbal and/or written documentation.
- Performs other tasks as requested.
Requirements
Required Experience
- Bachelor’s degree in related field, preferred. High school diploma or equivalent is required.
- Minimum of three years’ mortgage loan underwriting experience, required.
- Proficient with MS Office including Word, Excel and PowerPoint.
- Must maintain industry standard training according to company policies.
Knowledge, Skills, & Abilities
- Ability to read, write, and communicate at a level consistent with the requirements of this position, including legal documents and to non-technical staff.
- Ability to clearly organize information, understand relevant laws, identify and fix any financial discrepancies that may arise, and perform mathematical equations accurately.
- Ability to learn and support new systems and applications, and use critical thinking to make good decisions and meet deadlines.
- Demonstrated ability to handle multiple projects and details simultaneously; holds self to a high level of quality.
- Must be self-motivated and enthusiastic to obtain personal and company goals.
- Ability to stay organized to easily retrieve information and documents as needed.