Senior Mortgage Underwriter

WHY WE’RE DIFFERENT:

Princeton Mortgage isn’t like other mortgage companies. We’re defined by our culture, our values, and our objectives. We foster an environment where motivated people can thrive, and we obsess over giving customers what they want. That’s why we’re ranked in the top 1% for customer satisfaction out of 1,000 financial companies.

Our mission is to connect 50,000 people per year with our flagship product—The Effortless Mortgage—by 2028. To accomplish this, we need the right people.

ESSENTIAL JOB FUNCTIONS:

• Underwrite files in a timely manner in accordance with company, investor, and agency standards.
• Ensure compliance with all secondary marketing, government, and investor requirements.
• Analyze loan applicants’ financial status, credit, assets, ability-to-repay, and collateral appraisal reports in the loan evaluation process as well as evaluating risk factors and offsets.
• Effectively maintain a pipeline of loans with an emphasis on quality, accuracy, and efficiency within the expected service levels.
• Review loan condition documentation as defined by underwriter/lender requirements, and update information on the loan operation system.
• Establish and maintain effective communication with internal and external customers.
• Remain current on knowledge of various company loan programs, products, and investor requirements.
• Interpret and apply required policies and guidelines within regulatory standards.
• Mentor, train, and upskill less experienced underwriters towards achieving higher lending authority.
• Facilitate training, as needed, for Princeton Mortgage’s Sales Partners.
• Perform other duties, as assigned.

REQUIREMENTS:

• A minimum of 3-5 years of underwriting experience
• DE is required, SAR/LAPP is required
• Previous experience with Encompass loan origination system required
• Understanding of agency and investor underwriting guidelines
• Extensive knowledge on tax returns, credit analysis, loan structure, asset, and collateral review requirements
• Experience with risk assessment and application of compliance and regulatory guidelines, including TRID.
• Knowledge of AUS
• Experience with Bond/DPA, renovation lending, and RD/USDA Lending is a plus