Job Description

Description

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Ready to be a Cooper too? This might just be right up your alley!

We’re here to keep the dream of home ownership alive. Oh, and while we’re at it, we’re determined to change the lending industry itself. It’s simple, but it won’t be easy. And we’ll need a great team behind us. (That’s where you come in.) We want to show the world that transparency, candor and collaboration aren’t just good values. They’re good business. Working here isn’t for people who want to punch a clock. It’s for people who want to punch a hole in the status quo. Come join us. And make a difference instead of just a living.

We’re here to keep the dream of home ownership alive. Oh, and while we’re at it, we’re determined to change the lending industry itself. It’s simple, but it won’t be easy. And we’ll need a great team behind us. (That’s where you come in.) We want to show the world that transparency, candor and collaboration aren’t just good values. They’re good business. Working here isn’t for people who want to punch a clock. It’s for people who want to punch a hole in the status quo. Come join us. And make a difference instead of just a living.

The Sr Underwriting Specialist is responsible for identifying, measuring, controlling and monitoring the risk for Production Underwriting.   Monitors underwriting defect trending at both the individual and global level and implements remediation plans to ensure defect rate remains at an acceptable level.  Resolves audit findings on mortgage loan files based on internal and/or Agency/Investor guidelines.  Relies on highly advanced underwriting knowledge to resolve escalated loan files, solve complex loan issues, and enact innovative solutions to resolve loan manufacturing quality defects.  This role is a key driver in ensuring that the company defect rate is at an acceptable level.

Roles & Responsibilities

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• Monitors Underwriting production defect findings received from Risk, Insuring, Agency/Investors and/or Post Closing departments; identifies trends and high risk flags
• Creates and implements individual and global remediation plans and training materials to mitigate defect trends
• Validates accuracy of audit findings by reviewing loan file and documentation (income, credit, appraisal, title, etc); works with auditor to remove finding if inaccurate
• Logs actions and resolutions into the Loan Trackers
• Informs Production Underwriting of discrepancies in the file and provides direction on how to proceed, if applicable
• Reviews complex or escalated loans received from Production Underwriting and/or Risk
• Acts as Liaison between Risk, Post-closing, Insuring and Production Underwriting
• Conduct random audits on production underwriters that are below quality expectations
• Provides strong and clear communication to Production underwriters regarding documents needed to resolve delivery and/or insuring issues 
• Serves as subject matter expert for Underwriting Guidelines, Credit Risk Policies and Underwriting Procedures
• Stays current on all Agency and Investor Guidelines and risk trends
• Underwrites and/or second signs special loan types and overflow files as needed
• Adheres to all applicable internal NPI policies and procedures, and protects the confidentiality of borrower information
• Special Projects As assigned

Core Requirements

• Conforming mortgage underwriting experience for at least 5 years
• FHA - Direct Endorsement (DE) designation for at least 3 years
• VA - SARS designation for at least 3 years is recommended
• Strong verbal and written communication skills
• Strong problem solving skills
• Exceptional understanding of Mortgage Origination systems
• Prior experience involving multi-taking and detail-oriented responsibilities

Mr. Cooper is committed to nurturing a diverse and inclusive environment where every employee is empowered to be their authentic self.  We know that a large part of our success as a business is directly tied to our ongoing efforts to attract and retain diverse talent and maintain an inclusive environment where each employee can thrive.  Embracing and leveraging diversity through an inclusive work environment fosters new ideas, new insights, and constant innovation.  We strive to weave the principles of diversity and inclusion throughout the fabric of how we work, how we interact, and how we engage with our customers and the community.

Job Requisition ID:

014362

Job Category:

Originations

Primary Location City:

Irving

Primary Location Region:

Texas

Primary Location Postal Code:

75063

Primary Location Country:

United States of America

Posting Organization:

Mr. Cooper

Line of Business:

Originations - Dallas

Additional Posting Location(s):

Santa Ana, CA

Alternate Requisition:

No

Summary

Responsible for identifying, measuring, controlling and monitoring the risk for Production Underwriting. Monitors underwriting defect trending at both the individual and global level and implements remediation plans to ensure defect rate remains at an acceptable level. Resolves audit findings on mortgage loan files based on internal and/or Agency/Investor guidelines. Relies on highly advanced underwriting knowledge to resolve escalated loan files, solve complex loan issues, and enact innovative solutions to resolve loan manufacturing quality defects. This role is a key driver in ensuring that the company defect rate is at an acceptable level.