About the role
Role Overview
As a Residential Mortgage Loan Underwriter Consultant at JazzX AI, you will leverage your deep expertise in underwriting to build AI-technology to support mortgage underwriting activities. You will work closely with engineering, and product teams to convert real-world underwriting decisions into robust AI logic.
Key Responsibilities:
- Underwriting & File Assessment
- Underwrite a variety of residential mortgage loan files (purchase, rate‑term refinance, cash‑out refinance) per Fannie Mae DU and Freddie Mac LP guidelines.
- Document underwriting rationale, risk profiles, and exception handling.
- Process Mapping & Rule Development
- Deconstruct end-to-end underwriting workflows—from borrower qualification and income/asset verification to AUS findings and final approval.
- Identify critical decision points and edge cases crucial for AI modeling.
- Model Validation & Feedback
- Blind-test AI-generated underwriting recommendations against manual assessments.
- Provide granular feedback to engineering teams to fine-tune decision rules and confidence thresholds.
- Knowledge Transfer & Training
- Create clear, actionable guides on complex topics (e.g., compensating factors, manual AUS overrides, GSE compliance).
- Host virtual workshops or Q&A sessions to transfer domain knowledge to cross-functional teams.
Required Qualifications
- Experience: 4–10 years in residential mortgage underwriting at a senior or specialist level.
- GSE Mastery: Deep, hands-on knowledge of Fannie Mae DU and/or Freddie Mac LP guidelines.
- Analytical Acumen: Proven ability to assess borrower credit, income, assets, and collateral with accuracy and consistency.
- Communication: Exceptional verbal and written skills to articulate underwriting logic and decision processes.
- Consulting Approach: Comfortable in an iterative environment, providing structured feedback to product and engineering teams.
Preferred Qualifications
- Experience at large retail or independent mortgage lenders (e.g., Wells Fargo, Rocket Mortgage, Chase).
- Background in manual underwriting, AUS overrides, or secondary market delivery.
- Familiarity with post-closing QC, servicing reviews, and secondary market delivery processes.
- Prior involvement in technology or automation initiatives within mortgage operations.