Welcome to Freddie Mac, where we are committed to making home possible for millions of Americans. As an Underwriting Analyst, you will play a crucial role in our mission by evaluating and assessing the risk of mortgage loans. We are seeking a highly analytical and detail-oriented individual with a passion for the housing industry. If you are looking for a challenging and rewarding opportunity to contribute to the stability and growth of the housing market, we encourage you to read on and apply for this position.
- Conduct thorough analysis of mortgage loan applications to determine risk level and make recommendations for approval or denial.
- Utilize industry knowledge and company guidelines to accurately assess the creditworthiness of borrowers and the viability of loans.
- Review and verify financial documents and statements to ensure accuracy and compliance with lending regulations.
- Collaborate with loan officers, underwriters, and other team members to gather necessary information and make informed decisions.
- Continuously monitor and evaluate loan portfolios to identify potential risks and make recommendations for risk mitigation strategies.
- Stay updated on industry trends and changes in lending regulations to ensure compliance and provide relevant insights.
- Maintain accurate and detailed records of all loan evaluations and decisions.
- Communicate effectively with internal and external stakeholders, including borrowers, loan officers, and investors.
- Identify opportunities for process improvements and contribute to the development and implementation of new underwriting strategies.
- Adhere to company policies and procedures, as well as federal and state regulations, to ensure ethical and responsible lending practices.
Bachelor's Degree In Finance, Economics, Or A Related Field
At Least 2-3 Years Of Experience In Underwriting Or Risk Analysis In The Mortgage Industry
Strong Analytical Skills And Proficiency In Financial Modeling And Data Analysis
Familiarity With Underwriting Guidelines And Regulations, Including Fannie Mae And Freddie Mac Guidelines
Excellent Communication And Interpersonal Skills, With The Ability To Effectively Collaborate With Cross-Functional Teams And Present Findings To Key Stakeholders.
Financial Analysis
Data Analysis
Market Research
Credit Analysis
Compliance Knowledge
Portfolio Management
Risk assessment
Due Diligence
Loan origination
Underwriting Standards
Mortgage Underwriting
Communication
Conflict Resolution
Emotional Intelligence
Leadership
Time management
creativity
Attention to detail
Teamwork
Adaptability
Problem-Solving
According to JobzMall, the average salary range for a Underwriting Analyst in Dallas, TX, USA is $51,000 to $75,000 annually. This can vary based on the individual's experience, education, and the specific company they are working for. Some factors that can affect the salary range include the size and industry of the company, the complexity of the underwriting tasks, and the level of responsibility and decision-making involved in the job. Additionally, location can also play a role in determining salary as cost of living and demand for underwriting analysts can vary from city to city.
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Federal Home Loan Mortgage Corp. provides liquidity, stability and affordability to the U.S. housing market primarily by providing credit guarantee for residential mortgages originated by mortgage lenders and investing in mortgage loans and mortgage-related securities.
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