- Develop a thorough understanding of all Constructive Loans product and program underwriting guidelines, documentation requirements and processing, underwriting, closing, and post-closing procedures
- Work closely with mortgage originators and processors to qualify for mortgage loans.
- Work closely with the processors and closers to clear closing conditions.
- Review all mortgage loans for creditworthiness and compliance with Constructive Loans underwriting standards.
- Make approval or denial recommendations for all mortgage applications.
- Assure that all mortgages are of investment quality and acceptable for sale to the Company's secondary market conduits.
- Must meet departmental minimum standards
- Ensure department security procedures are adhered to.
- Consistently maintain the expected level of production.
- Act as a liaison between the sales and operations management team
- Identify and describe compensating factors when communicating loan exception requests when warranted
- Produce detailed Credit Memorandums addressed to a Loan Approval and Credit Committee
- Resolve various inquiries through clear and detailed explanations
- High school diploma/GED required; Bachelor's Degree preferred or equivalent and relevant work experience
- 2-5 years of mortgage loan underwriting experience
- Ability to work independently
- Self-motivated
- Must be detail-oriented
- Ability to handle multiple priorities
- Ability to work in a fast-paced environment and meet deadlines
- Excellent written and oral communication skills with the ability to effectively handle conflict and resolve problems
- Strong communication, analytical, organizational, and problem-solving skills
- Strong working knowledge of Microsoft Office software programs
-
Collections and Underwriting
1 week ago
Byrider Auto Sales Glendale Heights, United StatesJ**oin Our Team at Byrider - Glendale Heights, IL** · **Position: Internal Collections & Underwriting Specialist** · **Overview**: · At Byrider, we're seeking talented individuals to join our team as Internal Collections & Underwriting Specialists. If you're passionate about fina ...
-
Underwriting Cqi Specialist
4 days ago
HCSC Downers Grove, United StatesAt HCSC, we consider our employees the cornerstone of our business and the foundation to our success. We enable employees to craft their career with curated development plans that set their learning path to a rewarding and fulfilling career. · Come join us and be part of a purpos ...
-
Underwriter
1 week ago
Combined Insurance Chicago, United States**Underwriter - Multinational** · As a member of the Chubb Multinational team, this underwriting position will contribute to the achievement of regional profitability and production results through growth, development and underwriting of international property and casualty progra ...
-
Underwriter
1 week ago
Invigorate Finance Villa Park, United StatesFounded in early 2008, Fay Servicing is committed to providing innovative servicing solutions for both performing and non-performing mortgage loans. As a specialty mortgage servicer and originator that sees the customer behind every loan, we understand that our customers aren't l ...
-
Underwriter
4 days ago
Invigorate Finance Villa Park, United StatesFounded in early 2008, Fay Servicing is committed to providing innovative servicing solutions for both performing and non-performing mortgage loans. As a specialty mortgage servicer and originatorthat sees the customer behind every loan, we understand that our customers aren't lo ...
-
Jr. Underwriter
1 week ago
Lendr Chicago, United States**Junior Underwriter** · You are a highly motivated self-starter. You are ambitious, driven and determined to succeed. You are resourceful and you find a way, not an excuse. You take pride in your work, do not shy from the competition and aren't afraid to be the best. You underst ...
-
Executive Underwriter
3 days ago
Old Republic International Chicago, United States**Job Title**:Executive Underwriter · **Department**:Underwriting, Old Republic Allied Management Company **"**ORAMCO" · **Supervisor**:AVP - Sr. Underwriting Manager · **FLSA Status**:Exempt · **Location**: 307 N Michigan Ave, Chicago, IL · **About Old Republic**: · Old Republic ...
-
Renewal Underwriter
1 week ago
CapSpecialty Chicago, United States**Renewal Underwriter - Environmental** · **_ Hartford, CT/Middleton, WI / Chicago, IL_** · Want to join an exciting and collaborative company that offers competitive compensation and benefits packages - including an innovative open vacation plan, fully vested matching 401k, prof ...
-
Underwriter
1 week ago
Inland Group Oak Brook, United StatesInland Mortgage Capital Corporation, a fast growing national commercial real estate debt fund lender is seeking to hire a Commercial Real Estate Underwriter to join its Credit Administration Team in the Chicagoland, IL Office. · Weare a drug-free workplace. Pre-employmentbackgro ...
-
Loan Underwriter/officer
3 days ago
HealthCare Associates Credit Union Naperville, United StatesHealthCare Associates Credit Union (a $460M credit union based out of Naperville, IL) is seeking a dedicated Loan Officer to provide top service to both our internal and external partners. · We know how important people are to our organization which is why we offer an extensive b ...
-
Specialty Underwriter-environmental
1 day ago
Philadelphia Insurance Companies Chicago, United States**Marketing Statement** · Philadelphia Insurance Companies, a member of the Tokio Marine Group, designs, markets and underwrites commercial property/casualty and professional liability insurance products for select industries. We have been in operation since 1962 and are national ...
-
Executive Sales Underwriter
1 week ago
Berkley Chicago, United StatesCompany Details: · Berkley Fire & Marine Underwriters was launched in 2013 and is a W. R. Berkley operating unit offering preferred inland marine and related property risks and services. Headquartered in Chicago, Berkley Fire & Marine Underwriters serves customers throughout the ...
-
Underwriter (Construction Insurance)
1 week ago
Hire Integrated Chicago, United States**Location**: Chicago or Rolling Meadows, IL · **Work Arrangement**: Onsite (With potential to go Hybrid) · **Compensation**: $90,000 - $100,000 (commensurate with experience) · **Company Overview** · Join a dynamic and fast-growing insurance organization at the forefront of resh ...
-
Prs Portfolio Underwriter
1 day ago
Chubb Chicago, United States**As a Personal Risk Services, PRS, Portfolio Underwriter, you are accountable for**: · - Individual risk selection for accounts generating an annual premium less than $100,000 · - Assuming a producer relationship and account leadership role in the achievement of profit, growth a ...
-
Underwriter, Excess Casualty
2 days ago
Combined Insurance Chicago, United States**Underwriter, Excess Casualty · Details of this critical opening follow: · - Fundamentals of coverage, terms and conditions. Ability to offer coverage, terms and conditions which generate a profit for the Company while meeting the needs of the customer. · - Risk Assessment. Abil ...
-
Prs Portfolio Underwriter
1 day ago
Combined Insurance Chicago, United States**As a Personal Risk Services, PRS, Portfolio Underwriter, you are accountable for**: · - Individual risk selection for accounts generating an annual premium less than $100,000 · - Assuming a producer relationship and account leadership role in the achievement of profit, growth a ...
-
Underwriting Assistant I
1 week ago
AmTrust Financial Services, Inc. Chicago, United StatesOverview: · **This position is a hybrid work schedule 3 days in office 2 days remote in our Chicago, IL or Dallas, TX office** · **Responsibilities**: · - Works closely with underwriters in handling policy requests and renewals. · - Follows underwriting guidelines, state regulati ...
-
Underwriting Account Representative
5 days ago
Chubb Chicago, United Statesto be added by HM · to be added by HM · Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse ...
-
Underwriter - Franchise Finance
2 days ago
Gulf Coast Bank & Trust Chicago, United States: · **_ Summary_** · The primary role is to conduct in-depth analysis of financial information and preparation of the financial spreads and Credit Approval Memorandum (CAM) to form a recommendation of approval or denial of new loans. The Underwriter will also present the loan to ...
-
Experienced Healthcare Pl Underwriter
3 days ago
Berkshire Hathaway Specialty Insurance Chicago, United States**Who are we?** · A strategic and trusted insurance partner, Berkshire Hathaway Specialty Insurance (BHSI), provides a broad range of commercial property, casualty and specialty insurance coverages and outstanding service to customers and brokers around the world. Part of Berkshi ...
Underwriter - Villa Park, United States - Fay Financial
Description
Founded in early 2008, Fay Servicing is committed to providing innovative servicing solutions for both performing and non-performing mortgage loans. As a specialty mortgage servicer and originatorthat sees the customer behind every loan, we understand that our customers aren't loan numbers - they're homeowners.
Before founding our company, we conducted an exhaustive analysis of the mortgage servicing industry and gained valuable insight into the problems facing mortgage servicers and their customers.With that insight, we set out to build a different kind of servicing company from the ground up.
Come join us on our journey to serve our customers and be the leader in our industry We are currently looking for anUnderwriterto join our team
The Underwriter will be responsible for making informed credit extension recommendations to the Constructive Loans Credit Committee. The borrowing clientele will consist of experienced and non-experienced Real Estate Investors seeking financing solutions for residential investment projects. The underwriter will play a key role in maintaining the quality of the firm's assets and mitigating financial losses through the form of a detailed analysis of a borrower's credit, financial profile, track record, and collateral characteristics. Extensive knowledge of generally acceptable underwriting and lending practices is essential and required. The underwriter will assure that all credit recommendations and property financing loan approvals conform to Constructive Loans Underwriting Guidelines and Investor purchase requirements. The underwriter will be responsible for maintaining all Service Level Agreements established by the Company. Extended work hours may be necessary during peak workflow periods. The Constructive Loans underwriter should always act in a manner consistent with the Company's commitment to providing an outstanding experience for its clients.
What you will do for Constructive Capital: