MORTGAGE/DUE DILIGENCE PROFESSIONALS

FRAUD REVIEW UNDERWRITERS

Immediate long term contract opportunity for experienced Mortgage Underwriters with 3+ years expertise underwriting 1st mortgages!

RESPONSIBILITIES:

-Special emphasis on fraud review and early payment defaults.

-Review loan application packages for completeness and accuracy.

-Confirm application information (1003) against other documents within the file: to validate employment, verifications, income, assets, etc.  Identify underwriting/data discrepancies and other diligence issues.

-Verify and validate income, assets and liability documentation to support underwriting decision.  Calculate and verify income structure (employment verification, tax returns, divorce decree, alimony, etc), verify funds to close (verification of deposits, gift funds, IRA, 401K, sale of assets, etc).

-Review loans for compliance related items, i.e. TILA, ROR, and miscellaneous disclosures. 

-Review and verify credit report (FICO pay history, debt validation).

-Review other real estate owned (i.e., disposition of property, rental income).

-Review appraisals to support value, determine flipping, comps are reasonable, etc.

-Familiar with fraud red flags and outside services used to determine or verify fraud

QUALIFICATIONS:

-Must have 3+ years experience underwriting 1st mortgages with the availability for immediate employment