Flagstar Bank is seeking 10 dynamic individuals to join our team as an underwriter in our Troy, MI headquarters. These individuals underwrite simple to moderately complex mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk. The underwriter will be responsible for monitoring the property appraisal process and stay familiar with standard concepts, practices, and procedures within a particular field.
Communicates loan decisions to customers.
Determines eligibility of borrowers based on credit findings.
Interacts with loan consultants to ensure that the customer is receiving superior service and the best product available.
Maintains a firm knowledge of automated underwriting systems.
Makes underwriting decisions based on Flagstar, FNMA and FHLMC guidelines.
Responds to customer inquiries relative to declination reasons according to federal regulatory guidelines.
Reviews credit packages that fall outside of the automated underwriting parameters.
Reviews loan applications submitted by borrowers and makes credit decisions based on lender criteria.
Underwrites government/conventional files and clears conditions.
Works with underwriting assistants and account executives.
Additional responsibilities as assigned by management.
High school diploma or GED required.
FHA Underwriters must have a Direct Endorsement.
A minimum of 2-3 years mortgage underwriting experience required.
Experience with web based approval systems (DU/LP) required.
Exceptional customer service skills.
Excellent verbal and written communication skills.
Ability to interface work autonomously and handle multiple projects simultaneously.
Strong organizational skills with close attention to detail.
Ability to work under minimal supervision required.
Competently utilize computer software " MS Word, MS Excel and email are an integral part of day to day activity.
Ability to work regularly scheduled hours, 8:30 - 5:00 PM Monday - Friday, some weekend or evening hours may be required upon business need.
Flagstar Bank is an Equal Opportunity Employer