About the role
Anza Mortgage Insurance Corporation is seeking a detail-oriented Mortgage Insurance Underwriter to join our team. In this role, you will be responsible for assessing the creditworthiness of borrowers and the associated risks of mortgage insurance applications to ensure they meet our company's guidelines and standards. The ideal candidate will be skilled in leveraging technology to deliver quality service and uphold our commitment to risk management. This position will be hybrid, working in our Wilmington, NC location three days a week. As a de novo Mortgage Insurance Company, the person in this role must be comfortable in an agile work environment often wearing multiple hats. However we are open to remote work from the following states: Arizona, Colorado, Idaho, Montana, Nevada, Oregon, Utah.
What you'll do
- Review and analyze mortgage insurance applications and supporting documentation, including credit reports, income statements, assets, liabilities, and appraisals.
- Utilize automated underwriting systems and proprietary technology to evaluate applications and potential risk factors, ensuring compliance with both company and industry regulations.
- Communicate clearly and effectively with loan officers, processors, and other stakeholders to gather necessary information, clarify discrepancies, and provide updates.
- Make informed underwriting decisions based on a thorough analysis of documentation and risk assessment.
- Document underwriting decisions and provide justification for approvals or rejections, adhering to clear communication standards.
- Prioritize and manage work efficiently, with a keen focus on meeting deadlines and maintaining service level agreements.
- Maintain an up-to-date knowledge of mortgage insurance policies, lending guidelines, federal and state regulations, and evolving industry standards.
- Identify potential fraudulent activity by carefully reviewing loan documentation and vendor reports.
- Participate in system testing and validation activities as needed.
Qualifications
- Proficiency with automated underwriting systems (e.g., Fannie Mae DU, Freddie Mac LPA) and loan origination software.
- Experience with testing new technologies is a plus.
- Demonstrated experience in working with loan origination platforms; Encompass, Empower, Vesta, Blue Sage, Calyx.
- Strong analytical, problem-solving, and decision-making skills.
- Thorough understanding of insurance risk underwriting principles.
- Exceptional attention to detail and organizational skills.
- Ability to establish and maintain strong customer relationships.
- Excellent written and verbal communication skills.
- Ability to work independently
- Strong knowledge of industry regulations and compliance standards.
Experience
- 2-4 years of experience in mortgage underwriting, with a proven track record of successful risk assessment.
Education
- Bachelor's degree in Business, Finance, or a related field, or equivalent work experience.