• Mortgage Loan Underwriter Jobs in United States Of America - 23748705

  • Morgan Stanley Pvt Ltd
  • United States Of America, Usa
  • Save Job
  • 7 - 10 Years
  • Posted : above 1 month

Job Description:

Morgan Stanley is a global financial services leader with three core businesses - Institutional Securities, Asset Management, and Global Wealth Management Global Wealth Management is offered by the Morgan Stanley Wealth Management (MSWM) franchise, which has one of the worlds largest network of Financial Advisors Morgan Stanley is pleased to announce that we are expanding our suite of world-class banking and lending products exclusively for our Financial Advisors and their clients In addition to our comprehensive financial services, which include brokerage, investment advisor, financial and wealth planning, annuities, insurance and retirement, Morgan Stanley will develop and enhance their lending, trust and cash management capabilities We believe that now is the perfect time to build the Private Bank along with our Global Wealth Management partners By combining our lending financial services business with private banking products built specifically to service the needs of Financial Advisors and their clients, we can tailor banking and lending solutions to client needs

Morgan Stanley Home Loans is expanding its retail Mortgage Lending Division As part of Global Wealth Management Division (GWM), we have a partnership with Morgan Stanleys retail brokerage network that provides a proprietary source of inbound business The primary function of this remote Underwriting role is managing a regional mortgage pipeline of high net worth clients ensuring a smooth and timely transition through the mortgage process, proactively managing all credit related issues, approving loans within assigned authority and communicating weekly pipeline status to constituents

Morgan Stanley Home Loans is seeking an experienced, positive and motivated individual to join our underwriting team The successful candidate will possess solid residential underwriting skills and experience underwriting jumbo mortgage loans for sophisticated borrowers with complex income streams

Position Responsibilities

Underwrite complex mortgage loans for high net worth clients

Perform complex income / tax return analysis

Approve loans within credit authority and in accordance with MSPBNA credit policy and credit culture

Proactively manage assigned pipeline

Assist in identifying or recommending alternative loan solutions

Ensure data accuracy

Manage prefund quality control errors to below 5 PERCENT



Minimum 7 years experience underwriting jumbo and/or non-conforming loans for high net worth individuals

Prefer private bank experience

Must have proven background with Self-Employed borrowers

Experienced underwriting non-conforming loans

Experience structuring and underwriting loans held in entities ie LLCs and Trusts

Pipeline management experience required

College degree required, advance degree a plus


Must have current knowledge of underwriting and credit risk principles

Strong knowledge of unique property vesting ie trusts and LLCs

Complex self-employed income analysis is a critical requirement

Excellent verbal and written communication skills

Extraordinary client service aptitude

Meticulous follow-up and follow through

Ability to work under tight timelines

Excellent attention to detail

Proficient with Microsoft Office suite

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : Financial Services/Stockbroking
Functional Area : Banks/Insurance/Financial Services
Role : Banking -General
Salary : As per Industry Standards
Deadline : 01st Apr 2020

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