Team Lead

Key Responsibilities

• Review mortgage loan files in accordance with FNMA, FHLMC, FHA, VA, and investor guidelines.
• Analyze the 4 C's of Underwriting: Credit, Capacity, Capital, and Collateral.
• Verify borrower income for salaried and self-employed applicants.
• Review and calculate income from sources such as SSI, pension, IRA, annuity, dividends, commission, bonus, overtime, child support, and alimony.
• Evaluate asset documentation including bank statements, gift funds, gift of equity, down payment assistance, reserves, EMD, and cash-to-close requirements.
• Review credit reports, FICO scores, liabilities, bankruptcies, foreclosures, judgments, fraud alerts, and frozen credit records.
• Order and track third-party documents such as 4506-T, Appraisal, Title Commitment, HOI, and VVOE.
• Review sales contracts, addendums, Condo and PUD project documentation.
• Calculate qualifying ratios including DTI, LTV, CLTV, HCLTV, and Front-End Ratio.
• Identify documentation deficiencies and add appropriate conditions in the Loan Origination System (LOS).
• Review submitted documents/LOX and clear conditions for underwriting submission.
• Update and maintain accurate borrower information in LOS.
• Coordinate with Mortgage Loan Originators (MLOs), Processors, Vendors, and Underwriters for timely resolution of pending items.
• Manage vendor mailbox and respond to queries within defined turnaround times.
• Ensure compliance with quality standards, productivity targets, and service-level agreements (SLAs).

Required Skills

• Strong understanding of US Mortgage Underwriting and Pre-Underwriting processes.
• Experience in reviewing Conventional, FHA, and VA loans.
• Knowledge of FNMA and FHLMC guidelines.
• Hands-on experience with Loan Origination Systems (LOS).
• Strong knowledge of income calculation, asset analysis, and credit evaluation.
• Excellent analytical and problem-solving skills.
• Strong communication and stakeholder management abilities.
• Ability to work in a fast-paced, deadline-driven environment.
• Good proficiency in MS Office applications.

Preferred Qualifications

• Bachelor's Degree in any discipline.
• Experience in Mortgage Operations, Underwriting Review, Loan Processing, or Pre-Underwriting.
• Familiarity with AUS findings and mortgage lending regulations.