JPMorgan Chase Underwriter III - Mortgage Banking (Project Approval Group) - Phoenix, Arizona in Phoenix, Arizona
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 Rural Housing. Underwrites all project review types except for phased new construction projects, Fannie Mae PERs and FHA. 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, Engineers Report, 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. Entry into Fannie Mae Condo Project Manager and Fannie Mae CVAS are required.
The PAG 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, Engineers Report, Insurance Declarations and Policies, Leasehold Agreements, and Project Questionnaires to determine acceptability with Chase lending policies.
Work with internal partners to assist 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 2 years experience in underwriting credit and collateral or minimum 3 years experience underwriting condo or cooperative transactions Minimum of 5 years experience in mortgage banking business Expert knowledge of Fannie Mae, Freddie Mac, FHA and Chase residential project guidelines Familiar with Fannie Mae, Freddie Mac and FHA credit and collateral policy Experience analyzing complex financial information and appraisals Database input Microsoft products, specifically Outlook, Word and Excel Providing excellent customer/partner service Working in a team environment Working in a fast paced high volume environment High school diploma or equivalent required College degree preferred
Strong analytical skills
Strong decision making skills
Excellent verbal and written communication skills
Strong customer/partner service skills
Job: *Consumer Credit/Underwriting
Organization: *CONSUMER & COMMUNITY BANKING
Title: Underwriter III - Mortgage Banking (Project Approval Group) - Phoenix, Arizona
Location: AZ-Phoenix-Phoenix Tower / 52113
Requisition ID: 160100728