Junior Underwriter at Rate in Remote

Summary: Rate is one of the nation’s top retail mortgage lenders, delivering a seamless, tech-driven experience that helps customers reach their homeownership and financial goals. The Junior Underwriter will analyze loan files for compliance, evaluate credit packages, and communicate loan decisions to relevant parties while striving for same-day decisions on submissions. Responsibilities: - Complete a thorough analysis of loan files to determine compliance with company, investor and GSE guidelines - Evaluates the entire credit package following the checklist for the specific loan types in which you are assigned - Escalate loan files with recommendations on situations that exceed individual lending authority - Examine and validate specific loan documentation for accuracy and completeness, checking accuracy of all calculations and loan data - Communicate decision on loans to appropriate parties both verbally and in writing - Strive to meet same day decisions on all submissions - Complete all processing related matters from gathering documents to getting the loan into closing Required Qualifications: - Some prior processing experience required - Excellent data entry skills and PC skills - Knowledge of Encompass - Strong verbal and written communication skills are necessary - Excellent customer service skills with strong attention to detail - Time Management skills and the ability to prioritize workload based on daily production Preferred Qualifications: - Preferred strong knowledge of State and Federal laws pertaining to the mortgage banking industry: QM, ATR, RESPA, ECOA, AIR, etc Required Skills: Mortgage loan processing, QM (Qualified Mortgage), ATR (Ability to Repay), RESPA (Real Estate Settlement Procedures Act), ECOA (Equal Credit Opportunity Act), AIR (Automated Income Recognition), Data entry, Encompass Benefits: Eligibility to participate in a company-sponsored 401(k), Vacation benefits, Eligibility for medical, dental, vision, and prescription drug benefits, Flexible benefits (e.g., healthcare and/or dependent day care flexible spending accounts), Life insurance and death benefits, Critical care insurance, Personal accidental insurance, Commuter benefits, Pet insurance, Certain time off and leave of absence benefits, Well-being benefits (e.g., employee assistance program), Other supplemental benefits (e.g. legal planning assistance; identity theft protection; pet insurance; wellness resources)