Job Description

We are looking to hire a Residential Mortgage Underwriter to be based in Miami, FL

Primary duties and responsibilities

• Conduct credit underwriting and issue recommendations on credit proposals, ensuring adherence to the Bank’s Credit Policy and credit risk assessments.
• Actively ensure compliance with all applicable regulatory and operational standards.
• Collaborate with the Operations Manager to address application discrepancies or missing information.
• Evaluate tax returns and other financial documents to pre-screen the feasibility of credit requests.
• Analyze borrower income, business operations, and financial status to assess their ability to repay loans.
• Compile credit underwriting reports, detailing risk mitigation, repayment sources, and sensitivity analysis.
• Review credit reports, OFAC checks, and background verifications to ensure consistency with submitted information.
• Request additional details and address issues related to borrowers’ financial standing and credit risks.
• Engage in special projects concerning the bank’s residential loan portfolio.
• Maintain thorough knowledge of regulatory requirements, policies, and compliance standards, including BSA/AML, CDD, and EDD guidelines.
• Complete all mandatory training and ensure adherence to relevant laws, policies, and regulations.

Requirements:

• Bilingual: English/Portuguese or English/Spanish highly preferred
• 5+ years of experience in residential underwriting
• Experience with Non-QM, Foreign Nationals,
• Knowledge on Encompass or Calyx preferred
• Bachelor degree in Business Admisnitration, Finance, Accounting, Economics or related (or relevant work experience)

This position is on-site (on-premises) NOT REMOTE

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