Underwriter lll (2341) in Irving, TX at Mr. Cooper

Date Posted: 3/2/2018

Job Snapshot

  • Employee Type:
  • Location:
    Irving, TX
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:

Job Description

Ready to be a Cooper too? This might just be right up your alley!

The Underwriter III is responsible for analyzing highly complex financial and credit information according to internal underwriting standards, investor guidelines, and federal regulations.  Underwrites a wide variety of product and loan types with a higher aggregate credit exposure including underwriting exceptions not determined through DU.  Compile, analyze, and document loan data and credit risk, borrower and property information.  May review more complex loans requiring exceptions.  Responsible for providing strong and clear communication to processors, underwriters, mortgage professionals and borrowers regarding documents needed for mortgage loan files to ensure quick turnaround time.  Provide training and assistance to Underwriters I and Underwriters II to assist with performance improvement and developmental opportunities. Adheres to all applicable internal NPI policies and procedures, and protects the confidentiality of borrower information. Direct Underwriters I or Underwriters II to perform a variety of administrative duties in support of the operation.  May lead the work of others in the absence of the Underwriting Manager, ensuring staff has tools and support necessary to efficiently decision loans. Other duties as assigned.


Job Competencies are an additional component to defining a job that addresses how we do things.  Just as every job requires specific job skills and job knowledge that are unique to the job; different jobs require specific job competencies that you must have in order to do the job successfully. 

  • Customer Focus:  Is dedicated to meeting the expectations and requirements of internal and external customers; gets first-hand customer information and uses it for improvements in products and services; acts with customers in mind; establishes and maintains effective relationships with customers and gains their trust and respect.
  • Integrity and Trust:  Is widely trusted; is seen as a direct, truthful individual; can present the unvarnished truth in an appropriate and helpful manner; keeps confidences; admits mistakes; doesn’t misrepresent him/herself for personal gain.
  • Composure:  Is cool under pressure; does not become defensive or irritated when times are tough; can be counted on to hold things together during tough times; can handle stress; is not knocked off balance by the unexpected; doesn’t show frustration when resisted or blocked.
  • Interpersonal Savvy:  Relates well to all kinds of people, across all levels, inside and outside the organization; builds appropriate rapport; builds constructive and effective relationships; uses diplomacy and tact.
  • Time Management:  Uses his/her time effectively and efficiently; values time; is able to prioritize tasks and concentrate his/her time on the highest priorities; can attend to a broad range of activities.
  • Drive for Results:  Can be counted on to meet goals successfully; bottom-line oriented; pushes self and others for results.
  • Learning on the Fly:  Learns quickly when facing new problems; open to change; able to assess both successes and failures to look for clue to improvement; quickly grasps the essence and underlying structure of new tasks and processes.
  • Functional/Technical Skills:  Has the functional and technical knowledge and skills to perform the job, as required.
  • Written Communications:  Is able to write clearly and succinctly in a variety of communication settings and styles; can get messages across that have the desired effect.
  • Decision Quality:  Makes good decisions based upon a mixture of experience, judgment, and knowledge; sought out by others for information and advice.
  • Process Management:  Good at figuring out the process necessary to get things done; understands how to separate and combine tasks to make workflow efficient.
  • Technical Learning:  Can pick up on technical content quickly; can easily learn new skills and content.
  • Business Acumen:  Understands how the business works; knowledgeable about current policies, protocols, and practices affecting the business.
  • Problem Solving:  Uses rigorous logic and methods to solve different problems with effective solutions; probes multiple sources for answers; looks beyond the obvious and doesn’t stop at the first answer.
  • Decision Quality:  Makes sound decisions based on a balance between analysis, experience, and judgment.
  • Organizing:  Can marshal resources to get things done; can orchestrate multiple activities at once to accomplish a goal; uses resources effectively and efficiently.


What level of education or specialized training is required to perform the job?

  • Graduation from a 4-years college or university with major course work in a discipline related to the requirements of the position.  Will consider the equivalent combination of job experience and education that demonstrates the ability to perform the essential functions of the job.

List any special certifications, licenses, and/or knowledge requirements for this job:

  • Advanced analysis skills in the areas of credit, layered risk, and income.
  • Ability to underwrite loans at a national level and in all markets.
  • FHA - Direct Endorsement (DE) designation required
  • VA – Lender Appraisal Processing Program (LAPP) and/or Staff Appraisal Reviewer (SAR) designation(s) required
  • Experience with Desktop Underwriter (DU) or comparable automated underwriting system required.
  • Basic computer skills required.  Experience with word processing beneficial.
  • Prefer experience with TMO.

How many years of directly related job experience are required to be qualified to enter the job?

  • Minimum of 5 years mortgage underwriting or lending experience with 1 or more years of lead or supervisory experience in underwriting.

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Primary Location Country:

United States of America

Posting Organization:

Mr. Cooper

Line of Business:

Originations - Irvine

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Alternate Requisition: