Scenario Desk Underwriter - Home Equity

Frisco - Txmid

OtherUnderwriter

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Quick Summary

Key Responsibilities

Maintain up to date knowledge of loan program updates & internal credit policy requirements Provide coverage for Home Equity Scenario Desk, responding to questions that include,

Requirements Summary

4+ years of home lending underwriting experience. Excellent written and verbal communication skills. Proven ability to provide accurate and timely support in a fast-paced environment.

Technical Tools

OtherUnderwriter

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Requirements

~1 min read

4+ years of home lending underwriting experience.
Excellent written and verbal communication skills.
Proven ability to provide accurate and timely support in a fast-paced environment.

Experience in Home Equity.

Responsibilities

~3 min read

→Maintain up to date knowledge of loan program updates & internal credit policy requirements
→Provide coverage for Home Equity Scenario Desk, responding to questions that include, but not limited to, the following:

→Home Equity guideline questions
→Occupancy questions
→Income Calculation questions
→Complex loan scenarios
→Home Equity policies and procedures

→Document common scenarios and create QRG/FAQs to support MLOs, Underwriters, Customer Experience Team, and Processors.
→Tasked with SOP ownership & updates to the HE UW Department.
→Participate in departmental meetings and provide input(s) on process improvements.
→Assist Home Equity Underwriting Managers with reviewing Quality Assurance findings and providing feedback or targeted training to the HE Underwriting team.
→Work alongside Processing Leadership to identify cross-functional opportunities for both teams.
→Ownership of addressing Internal Audit findings & remediation.
→Act as a liaison between Credit Policy & Underwriters for credit exceptions in situations where UW Management may be unavailable.
→Monthly review of credit policy exception requests & make recommendations for future credit policy revision.
→Act as another point of reference for the underwriting team if the UW Management may be unavailable.
→Work with Closing on issue management
→COCs - act as an escalation point if rush COC has been submitted & Underwriter has no capacity.

Compensation and Benefits

The base pay range for this role is listed below. Final base pay offer will be determined based on individual factors such as the candidate’s experience, skills, and location.

To view all of our comprehensive and competitive benefits, visit our Benefits at SoFi page!