Slot Money Runner jobs in New Jersey

· Be responsible for all aspects of the credit decision making process performed by the underwriters under supervision

· Underwrite 70% of the expected monthly funded unit count for Underwriters

· Conduct underwriter meetings in accordance with guideline changes, new investor introductions, internal service levels, and other applicable topics

· Re-underwrite the first ten loans of each new hire. At least four need to be government loans.

o A summary of the “finding” and comments should be submitted to the Chief Credit Officer with a recommendation for:

§ Signing authority

§ Additional time under review

§ Termination

· Weekly productivity review

o Review of each underwriters initial underwrites and resubmissions

· Monthly review of QA / QC findings

o Review findings and meet with each underwriter to review / dispute findings

§ Counseling for egregious errors or repeat mistakes

· Manage eFolder usage by underwriters

o Underwriter is responsible for having each credit document used in rendering the credit decision on a loan placed in the proper eFolder bucket before issuing the CTC.

o All unnecessary / duplicate documentation should be placed in the eFolder bucket marked “Junk” (soon to be named “Archive – Do not ship”

· Provide second level review on all loans recommended for credit denial

· Supervise the “scenario desk” for accurate and timely responses to scenario questions from the field

· Arbitrate appeals and disagreements on loan files as needed between Sales and Operations

o Insure that appropriate loans are conditioned to findings and not necessarily beyond

· Maintain thorough knowledge of loan programs, guidelines, documents and secondary marketing salability requirements

· Thorough understanding of the entire mortgage workflow process

· Maintain knowledge of Encompass configuration and functionality

· Participate in Investor meetings – both at relationship inception and scheduled post-closing / book of business performance reviews

· Underwrite or second signature for all delegated jumbo loans

· Underwrite the first five loans from a new branch office

· Participate in Operations Staff meetings – when necessary

· Participate in Senior Management meetings – when necessary

Job Type: Full-time

Work Location: In person