Jp Morgan Chase Work Values

Daily Duties at Jp Morgan Chase:

Underwrote Prime, Alt-A and Government products; reviewed all residential mortgage loan application files and accompanied documentations to assure that the loans met with agency, portfolio and investor underwriting guidelines. Review and exception for the new MHA (Making Home Affordable). Reviewed loan exceptions, loan scenarios and serves as a final approver for approved/declined/counter offered loans for all loans underwritten exceeding Underwriter’s signing Authority. Signing authority of up to $2.0 Million. Identifies areas of deficiencies and provides feedback to lower level underwriters; Re-evaluate and underwrite complex, high risk & high profile loan applications. Re-evaluation and analysis of possible loans for the Secondary Market sale to ensure loans meet the Secondary Market requirements. Was responsible for writing and updating FNMA guidelines within the Loss Mitigation Department. Was responsible for team of 35 employees. Managing Sr. & Jr. Underwriters and Processors. Duties include Monthly Scorecards, Quarterly/Mid-Year & Yearly reviews. Researched and interpreted controlling documents as issues arise with loan fundings, collateral, reporting and remitting to investors. Responsible for all audits ensuring all lines of business are in compliance with corporate, investor and all government agency guidelines. Ensured daily prioritization of work and training for the operations and production staff.

What they like about Jp Morgan Chase:

A hiring company that offers alternative approaches to pay, performance bonuses, and/or equity in the firm is very attractive to you. You're generally less interested in working for an organization offering only traditional, salary-based compensation, one with limited opportunity to acquire equity in the firm, or one that does not actively promote skill development. In addition, you are more likely to choose a company that offers a variety of internal career options, with defined career paths. You view the learning of new skills and development of your expertise as key to your career advancement. These aspects of an organization may become even more important to you as you progress in your field, and are especially critical if you change career or occupation.

Tags

Mortgage Underwriting, Internal Audit, Credit Analyst, Senior Underwriter, Prime Loan, Alt A Loans, Bankruptcy Loans, Loss Mitigation, Foreclosure, Making Home Affordable, FNMA, FHLMC, HARP, DURP, Attorney Audit, Loan Servicing, Operations Manager, Mortgage Underwriting Supervisor, Correspondent Lending

Skills

Underwriting and Audit of Prime, Alt A, Sub-Prime and Government Loans, Managed audits, resolves issues and completion of final reports, Budget, Profit and Loss Statement Analysis, Self-Employed Income Analysis, MHA, DURP & HARP , FNMA & FHLMC, Attorney Audits and Internal Audits, MS Office - Word, Excel, Outlook, PowerPoint, Adobe Acrobat, Lotus Notes, Netox, Calyx Point, DataTrac, Pulse, Loan Smith, DRI, MSP, LenderLive, VendorScape, Agent Desktop & WAM, DU, LP, HSSN, CLOUT, CLUES, Magic, FraudGuard, LexisNexis

These are some of the questions we asked our climbers about their experiences with Jp Morgan Chase: