• Underwriter

    Requisition ID
    19-10631
    Location
    US-CA-Moorpark
    Position Type
    Regular
    Category
    Underwriting
    Education
    Bachelor's Degree
    Years of Experience
    5
  • Overview

    Candidate performs multiple tasks related to mitigating losses related to repurchase claims and suspected fraud.  Position requires the candidate to communicate directly with investors and correspondent clients to obtain information to investigate and respond to repurchase claims.  Candidate also performs investigative work on loans suspected of containing misrepresentation.  Candidate will be required to develop reports on fraud investigations and draft rebuttals to repurchase claims.

    Job Description

    • Re-underwrite loans selected by Investors and Finance Partners to ensureloans meet guidelines
    • Utilizing company guidelines, research repurchase claims from investors to determine if the claim is valid and accurate
    • Serve as the subject matter expert on external correspondence regarding the company’s position for repurchased loans
    • Determine options and desired outcomes for repurchased loans based on facts and research findings
    • Confer with management regarding the course of action on repurchased loans, then document decisions
    • Write rebuttal letters to Investors and MI companies to refute cured and invalid claims
    • Investigate cases of suspected fraud and draft reports on investigation results
    • Maintain tracking system with claim/fraud information and loan data, and maintain up-to-date loan review status
    • Process all reported fraud investigations in accordance with established procedures and to a satisfactory closure
    • Perform other related duties as required and assigned
    • Demonstrate behaviors which are aligned with the organization’s desired culture and values

    Ideal Candidate will have the following:

    • Above average verbal and written communication skills with a demonstrated ability to succinctly write a business case for appropriate actions on repurchased loans
    • In depth knowledge of Fannie Mae, Freddie Mac and FHA guidelines
    • Self starter that is able to recognize and prioritize work load per deadlines
    • Requires the ability to make sound judgment decisions
    • Ability to work independently and assume responsibility with limited supervision
    • Must be highly proficient in Excel and Word
    • Must be a team player with strong attention to detail and able to work independently
    • Proven track record at delivering timely and accurate information in a fast-paced environment
    • Excellent critical thinking, problem solving, mathematical skills and sound judgment

    Years of Experience:

    5

    Education:

    Bachelor's Degree

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