Underwriter Sr. - Partial Release

Start something good. Empower your career. Become an employee owner at Cenlar.

Employee owners have made Cenlar the nation’s leading mortgage loan subservicer. Our unique culture is defined by our core values of respect, trust, integrity and care. Company ownership, a promote-from-within philosophy, and opportunities for continuous professional growth make Cenlar a great place to launch or boost your career. Consider this opportunity to join our team as an Underwriter Sr.

The Underwriter is responsible for performing a manual review of a request and supporting documentation for lien changes by either: partial release of lien, Boundary Line Adjustments, release of subsurface rights as well as air rights, beneficial and burdensome easements, easements and conservation easements, requests to subdivide or re-plat current lien and Right-of-Ways in lieu of Condemnation orders. Direct Customer, Client, Third Party Interaction. This includes phone, email and paper communication.

Responsibilities:

• Direct Customer, Client, Third Party Interaction. This includes phone, email and paper communication.
• Review and perform all functions related to Lien changes, by either: partial release of lien, Boundary Line Adjustments, release of subsurface rights as well as air rights, beneficial and burdensome easements, easements and conservation easements, requests to subdivide or re-plat current lien and Right-of-Ways in lieu of Condemnation orders.
• Perform reviews and processing with comprehensive understanding of agency and other investor guidelines, all mortgage legal documents and compliance issues
• Monitor changes in investor guidelines and update policies and procedures accordingly.
• Ensure partial release documentation meets investor/client standards.
• Perform underwriting review and issue approval/denial determination.
• Work with appraisers, surveyors, title companies, investors, attorneys and clients to manage and perform unique release requests.
• Assist with handling of escalated partial release requests.
• Partial release analyst is responsible for other requests including; Lot line adjustments, condemnations, Condo conversions, easements, subdivisions.
• Assist in creating policies and procedures for Special Products management
• Identify opportunities for process improvement, and work with Special Products management to implement.
• Ensure all Partial Release tasks are opened and closed within expected time frames
• Facilitate appropriate execution of the release agreement.
• May be asked to assist in the performance of other functions in the Special Products Department
• Perform training for new partial release analysts.
• Complete other duties and projects as assigned by Special Products Manager
• Performs second looks on all denials to ensure that there is no program that may have been available to the borrower that may have been overlooked.
• Assists departmental team in working with borrowers, both written and verbally, through workout negotiations in an attempt to mitigate foreclosure/REO/losses
• Performs final QA review of file prior to issuing of denial letters and submission of closing disclosure
• Manages and maintains underwriting guidelines for all investors
• Maintains extensive and up-to date knowledge with respect to requirements and guidelines as well as other investor’s rules and requirements
• Facilitates the resolution of escalated customer/Client issues that stem from Qualified Written Requests. Accurately responds to these complaints and provides detailed chronology of the events in answering these items with the allotted timeframe
• Performs training of department staff
• Ensures all processing and underwriting Policies and Procedures are reviewed and updated regularly and with each guideline change
• Assists Training department as necessary with all training material in conjunction with department guidelines
• Provides management with departmental productivity reports, quality control, performance and standards
• Assists with department projects

Qualifications:

• Equivalent combination of education and related work experience
• 5+ years of prior title or lien release experience
• Strong compliance background
• Self-motivated – directed/work independently
• Superior leadership skills and the ability to work with management peers on common goals
• Working knowledge of all GSE underwriting guidelines (FHA, VA, Fannie Mae and Freddie Mac)
• Strong organizational and time management skills
• Detail Oriented
• Ability to problem solve and create solutions

As an employee-owner at Cenlar, you’ll receive an outstanding benefits package that includes paid medical, dental, and life insurance, 401(k), and tuition assistance as well as opportunities for training and professional advancement.

Cenlar is a drug-free workplace and an equal employment opportunity/affirmative action employer M/F/D/V/SO.