Underwriting Coordinator

Underwriting Coordinator

DEPARTMENT:  Underwriting

SUPERVISOR’S TITLE
:  Underwriting Manager

POSITION SUMMARY:

The Underwriting Coordinator assists the underwriting team in mitigating Stonegate Mortgage Corporation’s credit risk by performing tasks that are in line with the Coordinator’s experience level. The Underwriting Coordinator performs tasks such as appraisal review, condition clearing, underwriting tax transcripts, pulling underwriting reports, and clearing Investor suspense items.

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

ESSENTIAL FUNCTIONS

• Record loan rejections in the FHA Mortgage Credit Rejection section of FHA connection.


• Communicate with Underwriting Manager to advise of any branch processing issues.


• Complete FHA appraisal logging within FHA Connection.


• Review and underwrite appraisals; apply appropriate guideline criteria, and update all systems with required appraisal information.


• Clear conditions as needed or by assignment of loans previously underwritten by the underwriting staff; complexity of condition clearing would increase over time with knowledge and experience.


• Coordinate closing calendar with the Closing Department for end of the month conditions review in order to prioritize loan files by closing date and pull loans to review conditions if needed due to capacity.


• Review/approve and clear the condition for 4506 Tax transcripts return using knowledge and experience to assure that the tax transcripts are in line with the income underwriting of the file.


• Provide status of new loan files, and conditions turn times expectations to sales production staff and internal customers as required and requested.


• Report turns times of conditions and new loan files to Secondary for rate sheet posting.


• Field and answer all incoming closing questions with regard to conditions and/or specific files issues to ensure immediate resolution to the closer.


• Assist in Investor suspense loan file review to clear suspense items and ensure the loan is salable.


• Prepare Rural Housing development packages for mailing to USDA after underwriting


• Review and clear Fraud Guard conditions and provide information to underwriter of any required actions necessary for the loan approval.


• Coordinate with Mortgage Insurance companies and/or any other outside vendor that may need a copy of a file for review/audit.

OTHER FUNCTIONS

• Desire to take personal responsibility to complete tasks and solve problems.


• Ability to perform tasks and complete projects with minimal supervision.


• Ability to mentor and lead other members of the department.


• Represent Stonegate Mortgage Corporation in a professional manner by dressing professionally daily while in the office or when attending events.


• Practice Stonegate Mortgage Corporation Core Values:
  
  
  
  • We are accountable for results and we deliver.
  
  
  • We act with integrity and show respect.
  
  
  • We are passionate about our business.
  
  
  • We are accessible.
  
  
  • We adapt to and create change in pursuit of our success.
  
  
  
  

EDUCATION AND/OR EXPERIENCE

To perform this job successfully, an individual must have the following education and/or experience:

• Must possess a Bachelor’s degree from an accredited instituation.
  
• Two to five years of mortgage experience, preferably in manual/traditional processing, and/or underwriting areas.
  
• Must possess a thorough knowledge of Stonegate Mortgage Corporation’s product mix, appraisals, tax returns, disclosure compliance, and AUS underwriting engines.

KNOWLEDGE, SKILLS, AND ABILITIES

The requirements listed below are representative of the knowledge, skills, and/or abilities required to perform each essential duty satisfactorily.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Ability to think logically in order to analyze situations and make sound decisions.
  
• Flexibility in decision making with strong problem solving skills.
  
• Ability to implement an effective daily time management routine.
  
• Ability to handle multiple tasks simultaneously.
  
• Customer service driven; responsive to client issues and concerns.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Ability to stand and sit for periods of time and to move intermittently throughout the workday.
  
• Good speaking and listening skills.
  
• Strong sensory skills, such as good eyesight, good hearing, and dexterity.
  
• Ability to interact with others, both in person and through phone, e-mail, and written correspondence.
  
• Ability to perform focused work with close attention to detail.

OTHER REQUIREMENTS

• Employees are expected to carry out all reasonable requests by managers/supervisors, which the employee is capable of performing.
  
• Maintain equipment and supplies to avoid waste, damage to areas and equipment, and to prevent accidents.
  
• Maintain confidentiality of employee and company information.

This job description is designed to provide guidelines and direction for accomplishing company, departmental, and individual goals and objectives.  It covers the essential responsibilities and activities involved in the effective execution of this position.  It is not meant to be all-encompassing or all-inclusive.  All job duties and responsibilities must be performed within the guidelines of the Stonegate Mortgage Corporation Employee Handbook as well as established policies and procedures.



Interested candidates should forward their resume, cover letter outlining how you meet our job requirements, and salary history to: