Remote Home Equity Underwriter II

BNP Paribas
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Posted on: 2 Jun 2021

Wyoming, MI

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Job Description

Responsible for providing quality and consistent underwriting of real estate secured loans and/or lines of credit, focusing on moderately to complex loans/lines, to ensure compliance with appropriate company standards. Responsible for ascertaining the needs of borrowers and assisting them in selecting the appropriate loan type which best matches their long-term objectives, and ensuring compliance with FHLMC/FHA/VA/FNMA guidelines as well as portfolio products. Assesses the potential risk of loan applicants, including current and past credit and job history, ensures that all real estate secured applications are complete, accurate, and fall within acceptable BOW guidelines, and attains direct endorsement approvals. Provides high quality customer service, including underwriting in a competitive time frame. May provide direction or guidance to other less experienced underwriters.

Essential Job Functions

Utilizes Fannie Mae's Desktop Underwriter and GUS to determine loan eligibility for sale to Agency if applicable.
Ensures all file documentation requirements are met agency or portfolio eligible loans.
Underwrites loan files through a review process of analyzing and evaluating income, assets, liabilities, and property, while maintaining designated time frames as determined by management Assimilates new government regulations and applies this knowledge to improve and maintain quality and consistent underwriting. Reviews self-employed, corporate and partnership tax returns, profit and loss, as well as financial statements to ascertain borrowers' income.
Prepares written letters of commitment, declination letters and/or counteroffer letters for each loan/line decision detailing required documentation, including mortgage amount approved when applicable.
Reviews and corrects potential problems in loan processing files (credit history, nonconforming appraisals, files not adhering to guidelines, etc.).
Gathers information in order to solve problems and make decisions through phone contact to managers, loan originators, government agencies, and in some cases the borrowers.
Remote can be hired within our 24 state footprint

Required Experience

Requires a minimum of 3 years prior Mortgage experience.
Requires practical knowledge typically obtained through advance education combined with experience.

Education

High School Diploma or GED Required

Work Experience

2 - 3 yrs Mortgage or consumer lending industry

Skills

Very good knowledge of mortgage credit processing and underwriting.
Very good knowledge of loan documents and real estate terminology, FHLMC/FHA/VA.FNMA guidelines and portfolio lending practices, and State and Federal agency policies and procedures.
Knowledge of Bank’s lending policies and procedures.
Good organizational skills.

BNP Paribas

New York, New York

BNP Paribas has been present in the United States since the late 1800s and currently has nearly 14,000 employees in North America. The region is a key hub for the Bank’s global network of 71 countries and over 198,000 employees.

BNP Paribas offers its clients a full range of services from investment and retail banking to asset management services. In the United States, the two core businesses of BNP Paribas mirror the Bank’s global organization: Corporate & Institutional Banking and Retail Banking & Services (comprised of Domestic Markets and International Financial Services).

Corporate & Institutional Banking provides capital markets, securities services, financing, treasury and advisory solutions. The Bank’s services are provided via four core business lines: Global Markets, Securities Services, Financing Solutions and Advisory. Clients are at the core of all of BNP Paribas’ services, and through developing and managing long-term relationships, our dedicated Coverage teams focus on enabling the Bank to provide integrated services to clients across a comprehensive range of products.

Retail Banking in the US includes both branch networks and a range of other specialized financial services. Bank of the West serves approximately 2 million household and business accounts through over 535 retail branch locations and dozens of commercial banking offices in 24 states.

We also offer integrated investment services available from BNP Paribas for private and institutional investors, including Asset Management and Real Estate services through Transwestern.