Associate Underwriter at Guaranteed Rate

| Chicago
!Sorry, this job was removed at 6:55 p.m. (CST) on Monday, February 17, 2020

Job Description

About Guaranteed Rate:

Guaranteed Rate is the 5th largest retail mortgage lender in the U.S. By offering industry-leading tools, low-rate mortgages and unparalleled customer service, we’ve become the Home Purchase Experts®. At Guaranteed Rate, we think big—pushing beyond what most people believe is possible. We strive to work with the best of the best, building business with the best referral partners and hiring the best employees—allowing us to deliver world-class customer service. Our goal is to make sure every customer has a great experience. Headquartered in Chicago with 5,000+ employees in 300+ offices across the U.S. and licensed in all 50 states, we’ve helped thousands of homeowners with more than $37 billion in home purchase loans and refinances in just the past year alone.

Job Description

This position is responsible for helping to protect Guaranteed Rate’s assets. You will be working with multiple departments to reach successful resolutions and be a part of ensuring a multibillion-dollar portfolio is transferred successfully. The primary objectives of an Associate Underwriter are providing excellent customer service, strengthening underwriting productivity, and ensuring salability of all loan files reviewed. You must be able to think outside the box, and diligently monitor a pipeline. This position is a stepping-stone to becoming an underwriter following completion of required training and test cases.

Guaranteed Rate has a commitment to excellence and the highest standards of customer service (internally and externally). Our values and beliefs of your position are critical to the success and growth of the business and they were all created with a unique cultural foundation.

Responsibilities

  • Complete a thorough analysis of loan files to determine compliance with company, investor and GSE guidelines.
  • Evaluates the entire credit package following the checklist for the specific loan types in which you are assigned.
  • Escalate loan files with recommendations on situations that exceed individual lending authority.
  • Examine and validate specific loan documentation for accuracy and completeness, checking accuracy of all calculations and loan data.
  • Actively taking ownership and managing your own pipeline.
  • Work with production staff to secure required documents.
  • Entering and tracking information in our LOS.
  • Communicate decision on loans to appropriate parties both verbally and in writing.
  • Position may require responses to individual and investor audits.
  • Strive to meet same day decisions on all submissions.
  • Provide excellent customer service.
  • Respond promptly to all forms of communication.

 

Qualifications/Requirements:

  • College degree or applicable business experience.
  • Familiarity of all loan documents, LP, DU, and ability to review for accuracy.
  • Preferred strong knowledge of State and Federal laws pertaining to the mortgage banking industry: QM, ATR, RESPA, ECOA, AIR, etc.
  • Excellent data entry skills and PC skills.
  • Strong verbal and written communication skills are necessary.
  • Excellent customer service skills with strong attention to detail.
  • Time Management skills and the ability to prioritize workload based on daily production.
  • Strong analytical skills required with a high degree of accuracy.
  • Ability to work flexible hours as needed.
  • Ability to multi-task.
  • Positive attitude and team-oriented spirit.
  • Desire to learn and grow.
  • Ability to function in an ever-changing environment.

 

Guaranteed Rate is an Equal Opportunity Employer that welcomes and encourages all applicants to apply regardless of age, race, sex, religion, color, national origin, disability, veteran status, sexual orientation, gender identity and/or expression, marital or parental status, ancestry, citizenship status, pregnancy or other reason protected by law.

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Location

3940 N. Ravenswood , Chicago, IL 60613

What are Guaranteed Rate Perks + Benefits

Guaranteed Rate Benefits Overview

• Our location rocks – right off the brown line at Irving Park. Our home base is a hip office with exposed brick and duct work, windows we can actually open during the summer, and an open floor plan. Rather than a cubicle life, we work in an open and collaborative environment.
• An in-house café offers breakfast, lunch and a late afternoon healthy snack. We subsidize all meals so you’ll never pay full price.
• Access to the office gym for only $20 a year. Yes, a whole year! There is also yoga, cross fit, and boxing offered for a very small fee. We want our folks happy, healthy, and feeling good.
• A FREE on-site nurse. Psshh who needs a doctor’s appointment when our nurse can do it all?
• A 5,000 square foot rooftop deck that’s available to everyone all day and all evening with WiFi, two bars, music, grills, fun umbrellas, a ping pong table, corn hole, and fire pits. All of this is offered when Chicago gives us those non-snow covered days.
• Holiday parties? We got’em!! Not just major holidays, any holiday. We also have monthly celebrations on our Rooftop.
• Inter-office contests like the Great Mac-Off, Chili Cook-Off and Limbo. We always keep you guessing, participating, and wanting more.
• 401k with percentage matching, Blue Cross health care coverage (yup, dental and vision too), short-term disability, life insurance, and even legal assistance (for a small monthly fee)…and did we mention the awesome rooftop deck?

Culture
Volunteer in local community
Partners with Nonprofits
Friends outside of work
Eat lunch together
Intracompany committees
Open office floor plan
Diversity
Dedicated Diversity/Inclusion Staff
Highly diverse management team
Unconscious bias training
Someone's primary function is managing the company's diversity and inclusion initiatives
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Pet Insurance
Wellness Programs
Onsite Gym
Team workouts
Acme Co.'s team fitness initiatives include In-office yoga, In-office fitness classes.
Retirement & Stock Options Benefits
401(K) Matching
Vacation & Time Off Benefits
Paid Holidays
Paid Sick Days
Perks & Discounts
Commuter Benefits
Happy Hours
Professional Development Benefits
Mentorship program
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