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DE Underwriter

Company: Southwest Stage Funding LLC, Cascade Financial Ser
Location: Austin
Posted on: June 9, 2021

Job Description:

Medical, Dental, Vision, Life, 401K, PTO, Sick Time, 9 Paid Holidays

What you'll do at Cascade:

Serve the American Dream Through Affordable Home Ownership.

As the FHA DE Underwriter working in a 100% paperless environment, you are responsible for underwriting and applying conditions for residential mortgage loans using FHA underwriting guidelines. By analyzing the entire loan file, including ability to repay the mortgage, capital and collateral requirements, and overall general risk, you will approve or deny the loan file in accordance with those requirements.

How you'll do it:

  • Front-end FHA Residential Mortgage Underwriting (not loan modifications) for purchases, refinances, streamlines, and construction-to-permanent loans
  • Analyzing employment, credit, income, assets, purchase contracts, appraisal, title, and other documents submitted by Processing and either accept or deny documentation according to FHA requirements
  • Receiving, reviewing, and clearing loan conditions in accordance with company and agency guidelines
  • Working Effectively with Closer/Funders, Processing, and Jr. Underwriting in different states and time zones to ensure workflow remains efficient while maintaining loan quality
  • Suggesting potential alternative documentation when conditions do not meet requirements or restructure as a counteroffer
  • Recognizing when AUS approval becomes invalid and loan must be manually underwritten
  • Manually Underwrite loans in accordance with FHA's requirements
  • Maintaining underwriting turn times, SLAs, and quality and production standards set forth by management
  • Evaluating loan applications to determine eligibility, acceptability, and compliance with TRID, federal, and state laws
  • Adding Value to the team by maintaining a positive attitude and remaining flexible as the manager balances the daily, weekly, and monthly workload, especially during peak business days
  • Assisting with other duties as necessary

Best Candidate:

Typically, Cascade first tries to promote from within by training Jr. Underwriters to become DE Underwriters. In scenarios where it is necessary to hire from outside the company, it is important to find the right fit for the candidate and Cascade. The best candidate for the DE Underwriter position is someone looking for a family orientated company where a work-life balance is supported from the top down. They want a secure company with a proven track record of calculated and controlled growth where over-staffing is avoided, and attrition is low. Some candidates applying at Cascade have not used their DE in a while and are looking for a foot back in the door and others want to be appreciated for their individual contributions and not be treated like a number. The ideal candidate likes working on a medium-sized team (under 25 in department) where collaboration and questions are encouraged, and where individual and team successes are celebrated.

What you'll need to join Cascade:

  • FHA D.E./CHUMS ID
  • Minimum of 3+ years FHA underwriting experience
  • In depth knowledge of the 4000.1 and corresponding Mortgagee Letters
  • Able to examine loan documentation for accuracy and completeness
  • Familiar with fraud detection techniques
  • Familiar with Microsoft products, including Word, Excel, and Outlook
  • Ability to work in a remote, work-from-home environment with little supervision but high expectations of productivity
  • Ability to think and work in a methodical and logical way as demonstrated by arranging and prioritizing work duties
  • Ability to handle stressful situations in a professional manner
  • Excellent written and verbal communication skills
  • Detail oriented, high degree of accuracy as demonstrated by regularly verifying all work thoroughly

What Cascade considers a plus:

  • Loan Prospect Advisor (LPA) experience a plus
  • Encompass experience a plus
  • Manufactured Housing experience a plus
  • Conventional, FHA, and USDA experience is a plus

About Cascade & Our Culture:

Since opening our doors in 1999, Cascade Financial Services has grown to become one of the most trusted lenders in Affordable Housing. Our goal is to help thousands of families realize the dream of home ownership by offering mortgage loan solutions customized to the manufactured housing marketplace leveraging state-of-the-art business automation coupled with the most skilled professionals in the industry.

The Cascade culture lives in our team members!!! We are focused and dedicated to developing and providing a platform for growth. We are proud of the team that we've built and are looking for great people who will embrace our values and contribute to them: Be Unique, Be Innovative & Be Ambitious. Together, we will continue to lead the way and make a difference. We believe in work/life balance and a positive/family-like work environment.

Join our team and assist us to Serve the American Dream Through Affordable Home Ownership.

Keywords: Southwest Stage Funding LLC, Cascade Financial Ser, Austin , DE Underwriter, Other , Austin, Texas

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