Job Description

Mortgage underwriters are responsible for approving loans and ensuring that all applications follow industry guidelines. Mortgage Underwriter I is the first step in the underwriting career ladder, and it comprises learning how to underwrite both conventional loans and portfolio loans in accordance with the standards set by various government agencies and various financial institutions. All Mortgage Underwriters do a variety of tasks, have a keen focus on client service, and follow established protocols and written instructions. The Mortgage Support Manager is ultimately responsible for them.

Job Title : Principal Mortgage Underwriter
Location : Madame, Sharjah, United Arab Emirates
Salary : $ 32.97 per hour.
Company : Safeguard Scientifics Inc.
Job Type : Full-Time

Qualifications:

• While administering and maintaining the Bank’s appraisal portal, communicate with appraisers about errors or revisions, as well as extra information.
• Assess the risk associated with each mortgage application by thoroughly reviewing the borrower’s credit, income, and assets, and communicating your findings to the mortgage originators in a timely manner.
• Examine the property’s supporting paperwork, such as the title commitments, sales agreements, insurance, and flood determinations.
• Provide great customer care (both internal and external) in a way that meets each customer’s particular demands and creates customer loyalty to the bank.
• Help prevent, investigate, and resolve mortgage fraud by maintaining a firm grasp on the regulations that apply to loan products and the industry as a whole.
• Collaborate with other groups to educate, train, and coach them in areas such as income analysis, asset valuation, and condo appraisals as regulations or secondary markets undergo revisions.
• oversees the maintenance of the portfolio’s product documentation. Make changes to the portfolio product documentation as needed.
• Demonstrate the ability to make independent conclusions about applicants’ creditworthiness based on established underwriting rules, Bank policies, procedures, expertise, and experience.
• Evaluate and analyze the worth of appraisals in accordance with established market practices.
• Loan applications (including portfolio products) must be underwritten in accordance with the needs of investors and regulatory agencies.

Skills:

• Staff members are expected to maintain positive, mutually respectful relationships with clients and coworkers at all times.
• Experience in mortgage underwriting (preferred: 1-3 years) or an equivalent mixture of education and experience is required.
• Basic computer skills with interest and ability to learn new applications.
• High level of detail
• Completion of a 64-credit-hour associate’s degree program or a two-year bachelor’s degree program at an accredited university.

How to Apply

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Job Categories: Mortgage Underwriter. Job Types: Full-Time.

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