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Government SAR Underwriter, Correspondent Lending

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Job ID: 1001793
Company: PHH Mortgage

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Job Description

The Correspondent Lending Government SAR Underwriter reviews, conditions and underwrites mortgage loans in accordance with established policies and procedures and appropriate guidelines; examines all documentation for accuracy and completeness.

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

  • Exams loan documentation for accuracy and completeness and determines whether additional information may be required in order to make a credit decision.
  • Responsible for making independent decisions regarding acceptance and risk of loans according to agency, company, and investor guidelines.
  • Approves loans, issues alternative options or adverse actions accordingly.
  • Adheres to all applicable internal PHH Mortgage policies and procedures.
  • Meets determined service level time frame requirements set by management.
  • Work with staff and management to find solutions on escalated loans.
  • Manage loans by using all functions of Encompass.
  • Effectively communicate 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:

  • To be considered for this position, an active SAR is required.
  • Minimum three years mortgage underwriting experience with working knowledge of FHA, VA and USDA guidelines. Correspondent Lending experience preferred
  • Ability to review income documentation, tax returns, credit reports, preliminary title reports, judgements, bankruptcy documents, appraisals and any additional applicable credit documents.
  • Strong working knowledge of Encompass, DU, LPA, GUS, FHA Connection and VA Portal.
  • 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


  • 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.

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