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Underwriting Analyst - Mortgage Banking - Tampa, FL or Lewsiville, TX

Job Description

The Underwriting Analyst will provide quality oversight by review of live and closed production files, which includes evaluating the overall credit decision (Credit, Income, Assets, Debts and Collateral) and providing timely feedback to the appropriate party on errors, concerns or trends on those loan level reviews.   Review volume may include, but is not limited to, live underwriting  production for purposes of reviewing new underwriters  attempting to obtain lending authority, closed production for purposes of quality oversight for delegated Correspondents, live production for purpose of reviewing underwriters with decision quality concerns (as dictated by management and/or policy) and other ad-hoc audits as requested by Channel or Oversight Management.

Duties and Responsibilities:
·Performs post-close review of files with defects to determine cause and potential remedy.  Reviews may include unsalable loans, FHA Post Endorsement Technical reviews, FNMA and FHLMC loans with defects, loan delivery edits, high risk PQA findings, and other adhoc audits as requested by management.
·Provides clear and concise descriptions of loan defects and cause, articulating identifiable trends and concerns to management.
·Engages appropriate internal and external partners, as appropriate, to remedy deficiencies.
·Perform reviews on live production, when dictated by policy and/or procedure, to support production underwriting.  Reviews may include lending authority submissions, random reviews dictated by policy based on Underwriting quality, loan exception reviews, CCR condition reviews, Executive Office complaints, and/or other files as referred by management.
·Document  review findings, provide feedback to internal and external partners based on the type of file review and drive resolution, as appropriate.
·Perform second review of declined files, when dictated by procedure, to ensure accuracy of decision and initiate steps to remedy underwriting errors.
·Perform tracking of quality performance and prepare reports as directed by
management or procedure.
Act a subject matter expert in policies and procedures.
  • Minimum 5+ years in underwriting  
  • Minimum 5+ years appraisal experience preferred
  • Excellent negotiation, analytical, and decision making skills.
  • Strong verbal and written communication skills.
  • Through knowledge of Chase credit policies, products, and guidelines; agency products and guidelines; and private investor products, and guidelines.
  • Expert in personal and business financial analysis and in tax return and balance sheet analysis, including both cash flow and AGI methods.
  • VA and FHA experience preferred.
  • Experience with Microsoft  Word, Excel and PowerPoint  preferred

Core Competencies

  • Strong Organizational Skills -  ability to manage time appropriately, set priorities and tasks accordingly
  • Problem Solving skills – must possess the ability to discover and analyze problems then seek to overcome obstacles to solve the issue
  • Communication Skills - Strong verbal and written communication skills; strong ability to listen, present and clearly express key concepts
  • Customer Focus – must possess the ability to serve both the internal and external customer while at the same time safeguarding risk for Chase



Req #: 160042998
Location: Tampa, FL US
Job Category: Credit
Employment Type: Full Time
Potential Referral Amount: US Dollar (USD)

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