Underwriter

Responsibilities

The Underwriting Department will be responsible for credit and property analysis of 1st and 2nd lien mortgage loans. An Underwriter must have strong knowledge of product and agency guidelines, as well as a strong knowledge of risk factors and their relation to loan performance. This role will involve extensive oral and written communication with internal and external customers. Essential Job Functions ? Underwrite non conforming 1st and 2nd mortgage loans in accordance with company and agency guidelines ? Provide internal and external customers with product and underwriting assistance ? Use creative analytical skills to determine acceptable ways to approve mortgage loans, while ensuring compliance with state, federal and company regulations and guidelines. ? Provide detail oriented oral and written communication to Brokers, Correspondents and internal customers ? Work closely with Quality Control Department and Due Diligence teams, responding to loan audits. ? Provide feedback to management on suggested guideline changes and/or enhancements ? Maintain company service levels to provide appropriate turn times ? Provide product and underwriting training to new or existing Underwriters, Account Executives, Brokers or Correspondents and Sales and Operations teams. Requirements/Skills ?Minimum 3 years experience underwriting 1st and 2nd lien mortgage loans for non conforming product ?Strong knowledge of agency guidelines and risk factors ?Strong written and oral communication skills ?Must be detail oriented with the ability to meet deadlines under pressure ?Excellent customer service skills ?Proficient with automated underwriting systems, as well as Excel and Word ?Ability to relate and work well with others

Equal Employment Opportunity

Bear Stearns is an Equal Opportunity Employer.

Closing Statement

Thank you for applying with Bear Stearns.

About Bear Stearns

Founded in 1923, the Bear Stearns Companies Inc. is the parent company of Bear, Stearns & Co. Inc., a leading investment banking and securities trading and brokerage firm. With approximately $40.0 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. The company's business includes corporate finance, mergers and acquisitions, institutional equities and fixed income sales, trading and research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Headquartered in New York City, the company has approximately 11,200 employees.