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Mortgage Underwriter (5-10 Unit Properties) East Coast Kennesaw GA at Lendsure Mortgage Corp

Kennesaw, GA 30144, USA -

Full Time

Start Date

Immediate

Expiry Date

23 Nov, 25

Salary

90000.0

Posted On

23 Aug, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Regulations, Financial Data, Analytical Skills, Communication Skills, Risk, Noi, Property Management, Financial Metrics

Industry

Real Estate/Mortgage

Description

Responsibilities

Review and analyze mortgage loan applications and supporting documentation (e.g., credit reports, financial statements, income verification, property appraisals) for 5-10 unit properties.
Assess borrower creditworthiness, financial capacity, and ability to repay the loan, considering the specific financial dynamics of multi-unit properties.
Evaluate the property’s financial performance, including projected rental income, operating expenses, vacancy rates, and Debt Service Coverage Ratio (DSCR).
Analyze property appraisals to ensure the collateral value aligns with loan amount and property standards.
Ensure compliance with all applicable lending guidelines (e.g., internal policies, investor requirements, and federal and state regulations like TRID, RESPA).
Make informed loan decisions (approve, suspend, or deny) based on a comprehensive risk assessment and communicate these decisions to relevant stakeholders (e.g., Account Executives and processors).
Clearly communicate the reasons for loan decisions and any required conditions.
Work collaboratively with loan processors and Account Executives to obtain additional information or clarification and ensure accurate documentation throughout the underwriting process.
Stay updated on industry trends, lending guidelines, regulations, and market conditions relevant to 5-10 unit properties and commercial real estate.
Maintain accurate and detailed loan documentation in the underwriting system.
Identify potential fraud or misrepresentation and escalate concerns when necessary