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Jumbo Credit Underwriter- Remote in Tampa, FL at Radian Group Inc

Date Posted: 5/14/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Tampa, FL
  • Job Type:
    Other
  • Experience:
    Not Specified
  • Date Posted:
    5/14/2018

Job Description

Headquartered in Philadelphia, Radian connects lenders, homebuyers, investors and loan servicers using a suite of private mortgage insurance and related risk management products and services. We help promote and preserve the tradition of homeownership while protecting lenders from default-related losses on residential first mortgages. We also facilitate the sale of low-down payment mortgages in the secondary market.

Our commitment to homeownership is built on a foundation of evaluating credit risk; we help clients and investors expertly and prudently manage risk in any market condition.

The Credit Underwriter is to issue credit decisions based on the documented borrower profile within the guidelines of the program and client requirements. Underwriters are to meet the minimum daily production goals plus clearing conditions and perform within department audit standards.

The Credit Underwriter is to issue credit decisions based on the documented borrower profile within the guidelines of the program and client requirements. Underwriters are to meet the minimum daily production goals plus clearing conditions and perform within department audit standards.


Primary Duties and Responsibilities

  •  Underwrite residential mortgage loans in accordance with Conventional guidelines.
  •  Input of data and analysis of findings in Loan Prospector, Desktop Underwriter, Assetwise, other AUS engines, and OES.
  •  Identify and assess overall risk and potential fraud exposure resulting from clients' underlying business practices.
  •  Meet the minimum daily production goals plus clearing conditions and perform within department audit standards
  •  Review of credit reports to determine credit patterns, current liabilities, outstanding judgments and collections.
  •  Review of residential mortgage appraisal forms and calculations of Loan to Value ratios.
  •  Analyze income from salaried, commissioned, self-employed, investments, fixed income sources.
  •  Analyze assets statements for all types of asset accounts.



Job Specifications

Knowledge:

  • 2 - 5 years of recent frontline (manual and automated) underwriting experience with Conventional, FHA and/or VA Knowledge along with A Paper, B/C Paper, Non-Confirming and Conforming, and Sub-Prime residential products.
  • In-depth knowledge HVCC, guidelines and requirements along with all federal, state and local compliance regulations to include, Truth in Lending and Equal Credit Opportunity laws.
  • In-depth knowledge of the total closing function to include, underwriting conditions prior to closing, closing instructions and procedures, and RESPA.
  • Up-to-date knowledge in Fannie/Freddie guidelines, back end quality control and fraud audit experience.
  • Must be able to use Desktop Underwriter (DU), Loan Prospector (LP) and other LOS (loan operations systems).
  • Proficient with the suite of Microsoft Office products.



Skills and Abilities:

  • 2 - 5 years of recent frontline (manual and automated) underwriting experience with Conventional, FHA and/or VA Knowledge along with A Paper, B/C Paper, Non-Confirming and Conforming, and Sub-Prime residential products.
  • Must be able to use Desktop Underwriter (DU), Loan Prospector (LP) and other LOS (loan operations systems).
  • In-depth knowledge of the total closing function to include, underwriting conditions prior to closing, closing instructions and procedures, and RESPA.
  • Up-to-date knowledge in Fannie/Freddie guidelines, back end quality control and fraud audit experience.
  • Internet and strong written communication skills.
  • Ability to handle multiple tasks and prioritize file loads.
  • Knowledge of all conventional underwriting guidelines for agencies and private investors.
  • In-depth knowledge HVCC, guidelines and requirements along with all federal, state and local compliance regulations to include, Truth in Lending and Equal Credit Opportunity laws.



Education and Credentials

Required:    HS Diploma/GED
Preferred:    Associate/Technical Degree,  Concentration in Finance

EEO Statement

Radian complies with all applicable federal, state, and local laws prohibiting discrimination in employment.  All qualified applicants will receive consideration for employment without regard to gender, age, race, color, religious creed, marital status, sexual orientation, national origin, ethnicity, ancestry, citizenship, genetic information, disability, protected veteran status or any other characteristic protected by applicable federal, state, or local law.


If you are a person with a disability and need assistance in the application process please send an e-mail message to recruitment@radian.biz.

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