Mortgage Loan Jr. Underwriter
Saint Cloud, Minnesota
July 23, 2016
Position Type:
Full Time
Thomas Edison South (74051), United States of America, St Cloud, Minnesota

Mortgage Loan Jr. Underwriter

A great opportunity exists for an ambitious and passionate individual to join our team as a Principal Coordinator Underwriter. It is the PC Underwriter’s responsibility to ensure that conventional loans are processed and underwritten accurately and while remaining in compliance with company, regulatory and investor requirements. The PC Underwriter is a partner to sales, processing and closing by helping to deliver an excellent customer experience.

- Basic credit review skills assisted by DU
- Determine qualifying base income for salaried applicants
- Review basic income documentation such as pay stubs, W-2’s, Verbal Verifications, Written Verifications, 2106 Expenses and Tax Transcripts
- Run DU and analyze recommendation
- Recognize a complete application
- Review a Single Family Dwelling appraisal and determine if value is supported
- Review basic asset statements and determine required investment
- Ability to disposition a loan file
- Basic understanding of Compliance and Regulatory requirements
- Ability to read and understand product profiles and guidelines
- Analytical ability to consider consequences of Loan credit guidelines

Basic Qualifications:
- High School Diploma, GED, equivalent certification or military experience
- At least 2 years of experience processing mortgage documents 

Preferred Qualifications:
- Bachelor's Degree
- 1+ year experience in underwriting using automated underwriting systems to include FNMA’s Desktop Underwriter (DU) and FHLMC’s Loan Prospector (LP)
- 3+ yrs mortgage processing experience

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

A little about us:
Headquartered in McLean, Virginia, Capital One® offers a broad array of financial products and services to consumers.

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