Mortgage Condos Project Underwriter
Job Description
I. JOB SUMMARY:
Under the direction of the Director of Condo Underwriting, reviews and approves condos and condo-leaseholds.
II. DUTIES & RESPONSIBILITIES:
- Reviews and decisions condo projects & individual unit loans.
- Reviews all budget, reserves, insurance coverage, deductibles, decs, by-laws and legal documents for the project and unit.
- Works with branches on a daily basis to train on condos.
- Reviews guidelines and works with Fannie Mae’s Condo Project Approval.
- Works with condo team to streamline the condo review process.
- Maintains a professional image and adheres to standards consistent with company policies and procedures.
- Other duties as assigned.
III. JOB REQUIREMENTS:
- High school diploma or equivalent, required.
- 1-3 years FNMA Condo Underwriting within mortgage industry, required.
- Thorough understanding of FNMA project review guidelines, technology, eligibility, and process.
- Excellent communication skills, both verbal and written.
- Ability to meet deadlines.
- Ability to adapt quickly to a rapidly changing environment.
- Exhibit excellent analytical skills and attention to detail.
- Display excellent time management, organizational and problem-solving skills.
- Demonstrated judgment and decision-making ability.
- Need to have moderate PC skills, including word processing and spreadsheets.
- Demonstrated ability to interact effectively with branch, regional and corporate personnel.
- Must be able to work all regularly scheduled hours; arriving at scheduled reporting time and at the prescribed time after any breaks or lunch periods.
DISCLAIMER: The above statements are intended to describe the general nature and level of work being performed by individuals in, or assigned to, the above position and are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required and may be changed at the discretion of the company.