New York State Insurance Fund
Due Diligence Underwriter
New York State Insurance Fund, Melville, New York, us, 11775
POSITION PURPOSE:
Keystone Consulting Group is seeking Due Diligence Underwriters. The Due Diligence Underwriter will specialize in both the credit and compliance portion of the file review. Responsibilities will encompass a thorough review of credit, property, legal documentation, and regulatory compliance.Ideal Candidates:
To be successful in this position, the ideal candidate will have experience underwriting both AUS, Non-QM and Jumbo loans. Additionally, the Underwriter must be proficient in performing complex income analysis with multiple REOs and must have experience with Bridge, DSCR, Compliance Only, Credit/Compliance Agency, Credit/Compliance NQM, Credit/Compliance Jumbo, HELOC/CES, MI reviews. Mortgage loan origination systems (LOS) experience, preferably in LauraMac.Responsibilities:
Perform credit and compliance review and testing on closed mortgage filesAccurately enter applicable data from the loan file into the underwriting platformEnsure underwriting guidelines are met; make sure correct decision has been made based upon guidelines (Ratings - 1, 2, 3 / A, B, C, D for Credit, Property, Compliance, and Overall Final Rating)Analyze the loan file for determination of Borrower's overall credit profile and determination of risk regarding Ability to RepayValidate automated exceptions and provide appropriate recommendations on FindingsInvestigate deviations and red flags found within the loan file and apply applicable Findings if appropriateWork on special projects as assignedMonitor emails and Teams to ensure responsiveness to all inquiriesRead and respond to audit feedback in a timely mannerMeet or exceed quality and production expectationsContact designated email staffing group to determine next assignmentAttend and successfully complete all required training coursesDevelop ways to improve current processes and/or provide new services to meet the client needsAdhere to all Policies and ProceduresPerform in a QC Underwriter role when needed based on volume and business requirementsExpectations:
All operation staff should have flexibility and be capable of transitioning from one client deal to another in order to meet client delivery expectations as volumes varyEmployee is to be flexible in their availability to meet the scheduling needs of each client they are assigned toEmployee is responsible for staying up to date on our security measures and policies to ensure they maintain the highest level of integrity confidentiality and privacy and all dealings associated with Keystone Consulting Group, its clients, and our clients' customers personal informationEmployee is to only share PII on a need-to-know basis with those authorized to work on the accountEmployee is to conduct their work and process with the highest level of quality, integrity, and privacyEmployee is accountable for their actionsRequirements:
Education, Experience, and Job Skills:
Some College preferred or prior work experience equivalentMinimum of 5 years mortgage industry experienceMinimum 3 years' experience underwriting residential mortgage loansMinimum 2 years of mortgage due diligence underwriting experience preferredStrong attention to detail with excellent written and verbal communication skillsAbility to work independently and ask for assistance / escalate when neededAble to work constructively under stress and pressure and perform tasks efficientlyAbility to adapt to changing requirements and new processesStrong analytical skills with the ability to draw conclusions based on objective-based factsProficient in basic computer skills including working knowledge of Microsoft Office productsKnowledge and experience with AUS reports, manual underwriting, and Agency GuidelinesGeneral knowledge of mortgage industry regulatory requirementsConfidence in performing complex income analysis with multiple business and REOsTravel Requirements:
No Travel requiredBenefits:
Full Benefits
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Keystone Consulting Group is seeking Due Diligence Underwriters. The Due Diligence Underwriter will specialize in both the credit and compliance portion of the file review. Responsibilities will encompass a thorough review of credit, property, legal documentation, and regulatory compliance.Ideal Candidates:
To be successful in this position, the ideal candidate will have experience underwriting both AUS, Non-QM and Jumbo loans. Additionally, the Underwriter must be proficient in performing complex income analysis with multiple REOs and must have experience with Bridge, DSCR, Compliance Only, Credit/Compliance Agency, Credit/Compliance NQM, Credit/Compliance Jumbo, HELOC/CES, MI reviews. Mortgage loan origination systems (LOS) experience, preferably in LauraMac.Responsibilities:
Perform credit and compliance review and testing on closed mortgage filesAccurately enter applicable data from the loan file into the underwriting platformEnsure underwriting guidelines are met; make sure correct decision has been made based upon guidelines (Ratings - 1, 2, 3 / A, B, C, D for Credit, Property, Compliance, and Overall Final Rating)Analyze the loan file for determination of Borrower's overall credit profile and determination of risk regarding Ability to RepayValidate automated exceptions and provide appropriate recommendations on FindingsInvestigate deviations and red flags found within the loan file and apply applicable Findings if appropriateWork on special projects as assignedMonitor emails and Teams to ensure responsiveness to all inquiriesRead and respond to audit feedback in a timely mannerMeet or exceed quality and production expectationsContact designated email staffing group to determine next assignmentAttend and successfully complete all required training coursesDevelop ways to improve current processes and/or provide new services to meet the client needsAdhere to all Policies and ProceduresPerform in a QC Underwriter role when needed based on volume and business requirementsExpectations:
All operation staff should have flexibility and be capable of transitioning from one client deal to another in order to meet client delivery expectations as volumes varyEmployee is to be flexible in their availability to meet the scheduling needs of each client they are assigned toEmployee is responsible for staying up to date on our security measures and policies to ensure they maintain the highest level of integrity confidentiality and privacy and all dealings associated with Keystone Consulting Group, its clients, and our clients' customers personal informationEmployee is to only share PII on a need-to-know basis with those authorized to work on the accountEmployee is to conduct their work and process with the highest level of quality, integrity, and privacyEmployee is accountable for their actionsRequirements:
Education, Experience, and Job Skills:
Some College preferred or prior work experience equivalentMinimum of 5 years mortgage industry experienceMinimum 3 years' experience underwriting residential mortgage loansMinimum 2 years of mortgage due diligence underwriting experience preferredStrong attention to detail with excellent written and verbal communication skillsAbility to work independently and ask for assistance / escalate when neededAble to work constructively under stress and pressure and perform tasks efficientlyAbility to adapt to changing requirements and new processesStrong analytical skills with the ability to draw conclusions based on objective-based factsProficient in basic computer skills including working knowledge of Microsoft Office productsKnowledge and experience with AUS reports, manual underwriting, and Agency GuidelinesGeneral knowledge of mortgage industry regulatory requirementsConfidence in performing complex income analysis with multiple business and REOsTravel Requirements:
No Travel requiredBenefits:
Full Benefits
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