[Hiring] Forensic Underwriter @CrossCountry Mortgage, LLC

Role Description

The Forensic Underwriter performs in-depth forensic underwriting reviews of closed mortgage loans for compliance with government agency and/or investor specific guidelines, and with applicable state and federal laws. This position conducts reviews to identify potential fraud and/or misrepresentation from any interested party to the transaction.

The Forensic Underwriter is responsible for reviewing the loan file and coordinating the correction and tracking of any deficiencies identified. The review may include a formal written response to HUD, FNMA or investor to avoid potential buy-back requests.

Job Responsibilities

• Re-underwriting closed loan files to ensure that the loan meets agency or lender guidelines including but not limited to credit report review, income calculation, asset analysis and collateral assessment.
• Review compliance documentation to verify adherence with any federal and state laws.
• Analyze closing documentation such as mortgage note, CD, TRID to ensure properly executed, IPCs are not excessive, and fees are within federal/state tolerances.
• Perform investigations to identify potential fraud through utilization of resources or re-verification of documents such as Lexis Nexis, written/verbal verifications, etc.
• Attend regular meetings to discuss defects discovered from investor delivery or investors which are causing delays in purchase of loans from warehouse lines.
• Collaborate with underwriting, sales processing, etc. to cure defects that are delaying loan from being purchased from warehouse line.
• Prepare formal written responses to agencies/investors in which an audit has been performed and deficiencies discovered.
• Perform accurate reporting of true deficiencies discovered for training and development opportunities.
• Coordinate with the legal department regarding any potential fraud discovered to determine if SAR report should be filed.

Qualifications

• Minimum 5 years’ underwriting experience with exposure to both manual and automated underwriting environments.
• Knowledge of FNMA, FHLMC, FHA, VA, and USDA guidelines.
• Knowledge of transaction components that indicate a potential for fraud.
• Ellie Mae Encompass experience, preferred.
• Proficient in Microsoft Office (Word, Excel, PowerPoint).

Requirements

• Hourly Rate: $33.65-$40.86.
• The posted pay range considers a wide range of compensation factors, including candidate background, experience and work location, while also allowing for salary growth within the position.

Benefits

• Competitive compensation plan.
• Robust benefits package, including medical, dental, vision, and a 401K.
• Company-provided short-term disability.
• Employee assistance program.
• Wellness program.