Job Description

Who we are

Shellpoint Mortgage Servicing (SMS) is America’s 9th-largest third-party mortgage servicing company. What is mortgage servicing? Our clients are businesses that own mortgage loans (such as banks and real estate investment firms); on their behalf, we manage (or "service") their loan portfolios: We collect homeowners’ mortgage payments, pay homeowners’ tax and insurance bills, and help homeowners in default to get current.

Summary:

The main focus of this role is to perform underwriting of FHA, VA assumptions including a detailed review of the residential mortgage loan application and documentation as submitted to ensure loans meet underwriting guidelines as established by NewRez and its investors.

 

Responsibilities:

  • Approves or rejects FHA, VA assumptions from set criteria by the agency.
  • Analyzes borrower’s credit profile, collateral and capacity to repay the proposed mortgage obligation.
  • Ensures loans meet NewRez, agency and government guidelines.
  • Accurately calculates borrower’s income and debt-to-income ratios based on acceptable NewRez and agency practices.
  • Documents lending decisions and completes required screens in the loan origination system that include accurate completion and creating applicable conditions on the loan approval.
  • Run, reads and interprets automated underwriting decision results from both Desktop Underwriter and Loan Prospector.
  • Reviews conditions submitted on loans and sign off on conditions where appropriate.
  • Keeps informed of current and acceptable underwriting practices.
  • Communicates loans decisions to clients/internal departments in a timely fashion and ensures compliance deadlines are met with regards to pre-disclosures, approval letters, denial notices, and counteroffers.
  • Works closely with processing and/or account management to answer specific loan questions, to answer specific conditions or documentation requested and to resolve problems.
  • Maintains and cultivates an effective working relationship with internal and external customers.
  • Prioritizes work queue to ensure service level agreements are met.
  • Consistently meets or exceeds established minimum productivity and quality goals.
  • Provides quality control responses in a timely manner.
  • Acts as a role model of the company’s values, acting in an ethical and professional manner at all times.
  • Embraces company culture

Qualifications/Skills:

  • Prefer 4 years of residential loan underwriting experience
  • Strong processing background preferable
  • High school diploma required
  • College diploma preferred
  • Working knowledge of any of the following Business Intelligence products: Microsoft Reporting Services, Business Objects, Micro strategy, Active Reports, or FRX
  • Knowledge of regulatory and compliance requirements
  • Leadership / presentation skills
  • Strong analytical skills
  • Ability to make risk based lending decisions supported with relevant data and research
  • Detail oriented
  • Knowledgeable with MS Office
  • Excellent Customer Service skills
  • Excellent verbal and written communication skills
  • Great organizational skills

Educational Requirements:

  • Bachelor’s Degree, with relevant business experience preferred.

Application Instructions

Please click on the link below to apply for this position. A new window will open and direct you to apply at our corporate careers page. We look forward to hearing from you!

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