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.
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
Excellent analytical skills
Excellent decision making skills
Complex Problem solving
Excellent verbal and written communication skills
Strong customer/partner service skills
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