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Underwriter III (Project Approval Group)

Req #: 170124616
Location: Tampa, FL, US
Job Category: Credit
Job Description:

 

Position Summary

The PAG Underwriter is responsible for performing a detailed review of Condominium, Cooperative and Attached PUD project documentation received from multiple channels including Retail, Consumer Direct (CD), Correspondent, Home Equity and Private Bank. Underwrites all project review types.  Reviews all project documentation including, but is not limited to - Appraisals, Budgets, Financial Statements, Reserve Studies, Covenants, Conditions & Restrictions (CC&Rs), Offering Plans (& Amendments), By-Laws, Surveys, Plat Maps, Flood Maps, Engineers Report, Environmental Assessments, Insurance Declarations and Policies, Leasehold Agreements, and Project Questionnaires. Recommends or requests Agency and Portfolio exceptions. Performs data entry of key project information in the Project system of record.  Fannie Mae Condo Project Manager and Fannie Mae CVAS are required.

 

Business Description

The PAG Sr. Underwriter will be a member of the  Project Approval Group (PAG) within Mortgage Banking Production organization and is responsible for review of Condominium, Cooperative and Attached PUDs to determine whether projects meet policy requirements.

 

Principal Duties and Responsibilities

Evaluate new and existing project documentation including, but not limited to, Appraisals, Budgets, Financial Statements, Reserve Studies, Covenants, Conditions & Restrictions (CC&Rs), Offering Plans (& Amendments), By-Laws, Surveys, Plat Maps, Flood Maps, Engineers Report, Environmental Assessments, Insurance Declarations and Policies, Leasehold Agreements, and Project Questionnaires to determine acceptability with Chase lending policies.

Work with internal partners to assist high profile customers in determining if a project or individual loan requests meet eligible Condo, Cooperative and Attached PUD classifications and product specifications. 

Achieve targets for productivity, quality and partner satisfaction.

Contact outside third parties on occasion to obtain additional information, as required. 

Knowledge and Experience

Minimum 3 years’ experience as a residential project underwriter; or 5 years underwriting experience as a credit or collateral underwriting management experience.

Expert knowledge of Fannie Mae, Freddie Mac, FHA and Chase residential project guidelines

Experience analyzing  complex financial information and appraisals

Experience with Microsoft products, specifically Outlook, Word and Excel

Experience providing excellent customer/partner service

Experience in working in a team environment

Experience working in a fast paced high volume environment

High school diploma or equivalent required

College degree preferred

  

Core Competencies

Excellent analytical skills

Excellent decision making skills

Complex Problem solving

Excellent verbal and written communication skills

Strong customer/partner service skills

Detail oriented

 
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