Olympus Mortgage Work Values

Daily Duties at Olympus Mortgage :

Regional budget making sure region is profitable and reports monthly losses within the regions. Underwrote Alt-A and Sub-Prime products; reviewed all residential mortgage loan application files and accompanied documentations to assure that the loans met with agency, portfolio and investor underwriting guidelines. Reviewed loan exceptions, loan scenarios and serves as a final approver for approved/declined/counter offered loans for all loans underwritten exceeding Underwriter’s, Underwriting Superviser signing Authority. Signing authority of up to $4.0 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. Making sure that all Account Executives and Sales Managers guideline questions, loan structures and other customer service relation issues are met. Supported the development and implementation of policies and procedures as well as reviewed and approved forms and all related operational procedures to ensure compliance. 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. Provides recommendations that will improve external controls and add value and create greater efficiencies with respect to operations and financial reporting. Was responsible for team of 60 employees. Managing Underwriting Managers, Sr. & Jr. Underwriters, Processors and Funders. Duties include Monthly Scorecards, Quarterly/Mid-Year & Yearly reviews. Ensured daily prioritization of work and training for the operations and production staff.

What they like about Olympus Mortgage :

Working in an organization that is technologically advanced, creative, and innovative is critical in your assessment of hiring companies. Less important to you are stability of the organization, the length of time an organization has been in business, and the business' plans for the future. You prefer a fast-moving company that will take risks to achieve its goals and objectives. The length of time the company has been in business is irrelevant. Maintaining status quo is unnecessary. You thrive on change, uncertainty and the upside of potential business risks, especially those associated with innovation. Stability for the long haul is not nearly as important as is working in an atmosphere that is charged with a sense of urgency and constant change.

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 Olympus Mortgage :