Public summary
This freelance opportunity involves evaluating and improving AI systems for mortgage underwriting decisions. Tasks include assessing loan types, calculating qualifying income for self-employed borrowers, drafting/regulating approval letters, and documenting compliance with mortgage guidelines and regulations. Ideal candidates have relevant experience in mortgage underwriting or loan origination, strong knowledge of Fannie Mae/Freddie Mac guidelines and U.S. mortgage regulations, and proficient English skills (C1+). This project-based role offers flexible, part-time engagement with compensation up to $60 per hour, dependent on contribution level.
Location and work setup
- Location
- Hamburg
- Remote status
- Remote
- German requirement signal
- No German Required Detected
- Detected job language
- English
Salary
USD 60.00 - 60.00 hour
Responsibilities
Evaluate AI-generated mortgage underwriting decisions across various loan types including conforming, jumbo, FHA, VA, and cash-out refinance. Create test cases for qualifying income calculations for self-employed borrowers using IRS schedules C, K-1, and E. Draft and audit conditional approval letters and adverse action notices ensuring compliance with Regulation B and ECOA. Distinguish Fannie Mae and Freddie Mac selling guide rules from lender overlays, particularly in jumbo and non-conforming loan scenarios. Clearly document problem statements and provide verified correct answers to improve AI models.
Qualifications
Bachelor's degree in Finance, Economics, Business Administration, Accounting, Real Estate, or a related field. Minimum 3 years of experience in mortgage, lending, real estate, or financial services. Current or recent experience in underwriting, loan origination, or adjacent roles. Proficient in calculating qualifying income for self-employed borrowers from IRS Forms 1040, Schedule C, Schedule E, and K-1. Deep familiarity with Fannie Mae and Freddie Mac selling guides, along with knowledge of Regulation B, Regulation Z, and TRID disclosure timing rules. Strong written English proficiency at C1 level or above.