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Underwriter I (Mortgage Banking) - Phoenix, Arizona

Job Description

Position Summary

The qualified candidate will underwrite and apply necessary conditions to ensure the borrower meets program specifications.  As an Underwriter I, you will have developing knowledge of residential mortgage underwriting guidelines and be responsible for the analysis of submitted files for repayment capacity, capital/assets, character, collateral and property condition, while adhering to Chase credit policies and investor/agency guidelines.  Underwriters support and uphold fair lending practices of JPMorgan Chase, and are responsible for productivity targets ensuring the highest quality and level of customer satisfaction.

 

Business Description

               

The underwriter will review and analyze customer financial documentation and propose solutions to assist customers in obtaining and/or retaining homeownership.  The staff members may interact with other internal and external parties such as Customer Assistant Specialists,  Loan Processors, Quality Assurance, Closers and investors or government agencies as needed.

 

Core Competencies

 

Credit and/or collateral Underwriting

Residential Mortgage Underwriting

Capacity to analyze borrower documentation, determine income and repayment ability, assess borrower hardship as applicable for borrower assistance files, housing expenses, potential fraud and determine proper loan resolution.

Knowledge of specialized systems, tools, spreadsheet calculators, process and contractual requirements.

Strong commitment to customer service

 

Principal Duties and Responsibilities (in order of importance)

 

Applies knowledge of mortgage servicing process and/or Chase credit underwriting guidelines.

Adheres to all Chase Fair Lending practices

Reviews all loan underwriting and modifications documentation to ensure compliance with investor requirements (e.g. loan documents, appraisals, etc)

Analyzes financial information including calculation of income and debt ratios, verification of assets, collateral review and credit review.

Analyzes problems and identifies potential or innovative solutions, identifies documentation deficiencies within review and communicates findings

Keep up to date on all credit policy changes that impact underwriting

Displays customer service excellence

Applies relevant technical and computer expertise

Writes effective communications

Achieves work goals for productivity, quality and turn time

Effectively partners with internal and external parties

Prioritizes workflows

Demonstrates a determination to get the job done right the first time while ensuring loan decisions meet all program and product specifications

Minimum of 1 year experience as a residential mortgage underwriter or 2 years of mortgage related or processing experience preferred

Knowledge of personal and business financial analysis, tax returns, balance sheet analysis including cash flow and self employment income analysis.

Knowledge of Conventional mortgage underwriting guidelines

Knowledge of Government mortgage underwriting guidelines preferred

Knowledge of Mortgage Insurance policies

Excellent analytical and decision making skills

High school diploma or equivalent required

College degree and/or equivalent work experience preferred

 

Req #: 170000626
Location: Phoenix, AZ US
Job Category: Credit
Employment Type: Full Time
Potential Referral Amount: US Dollar (USD)

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