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Junior Underwriter, Correspondent Operations Non-Delegated

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Job ID: 1001144
Company: PHH Mortgage

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Job Description

The Correspondent Lending Junior Underwriter performs an initial review of the loan submission to determine if all documentation is included for initial underwriting review. The Jr Underwriter then works with the Underwriter to review and clear conditions to assist in issuing final approval.

Job Functions and Responsibilities:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.

  • Review initial submission for loan parameters, income documentation, tax returns, credit reports, preliminary title reports, judgements, bankruptcy documents, appraisals, fraud report, and any additional applicable credit documents to determine if file is ready to be submitted to Underwriter.
  • Review and sign off on conditions as applicable.
  • Adheres to all applicable internal PHH Mortgage policies and procedures.
  • Meets determined service level time frame requirements set by management.
  • Manage loans by using all functions of Encompass.
  • Assist in effectively communicating underwriting decisions to Sellers.
  • Maintain high level of customer service and communication both internally and externally.
  • May be requested to make recommendations for improving PHH’s policies and practices.
  • Other duties as assigned.

To perform this job successfully, an individual must have the following education and/or experience:

  • High School Diploma, GED or Military equivalent
  • One year mortgage underwriting experience with working knowledge of FNMA, FHLMC, FHA and VA guidelines.
  • Three years mortgage experience. Correspondent Lending preferred
  • Working knowledge of income documentation, tax returns, credit reports, preliminary title reports, judgements, bankruptcy documents, appraisals and any additional applicable credit documents.
  • Familiar with Encompass, DU, LPA and FHA Connection.
  • Ability to effectively present information and respond to questions both internally and externally in a professional, articulate and respectful manner.
  • Strong organizational, problem-solving, and analytical skills
  • Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm
  • Acute attention to detail
  • Excellent customer service skills
  • Proven ability to handle multiple projects and meet deadlines
  • Good judgment with the ability to make timely and sound decisions
  • Bilingual skills a plus

Training / Licensing Requirements:

  • Must pass the Company’s Background Screening process prior to beginning employment. Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.

About Us

Company: PHH Mortgage

PHH Mortgage, a wholly owned subsidiary of Ocwen Financial Corporation, is one of the largest subservicers of residential mortgages in the United States. PHH Mortgage provides servicing solutions to companies who own mortgage servicing rights and offers portfolio retention services to extend and enhance customer relationships.

PHH has been providing mortgage lending and servicing solutions since 1984 and is dedicated to responsible and ethical practices while delivering an exceptional customer experience. We strictly focus on subservicing and portfolio retention allowing our diverse professional clients – representing some of the largest and most recognizable financial and wealth management institutions, investors of MSRs, regional and community banks, and credit unions – to concentrate on their core businesses, while providing borrowers with exceptional customer service throughout the life of their loans.

Adhering to the highest levels of risk and compliance, built to bank-like standards, we build relationships with our clients and their customers to promote a philosophy of retaining “customers for life.” We strive to be a natural extension of each client’s team, helping them to keep their expenses down, borrowers satisfied and service levels up while meeting today’s regulatory demands and changing market conditions.

Ocwen is proud to be an equal opportunity workplace and is an affirmative action employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.

This position is not eligible to be performed in the state of Colorado.

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