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Jumbo Underwriter
2 months ago
Jumbo Underwriter
Analyze and evaluate residential loan applications in accordance with investor, agency and internal guidelines.
Examine loan documentation for accuracy and completeness to ensure loans meet eligibility requirements and to mitigate risk or loss to the company.
Work closely with all channels (including wholesale, correspondent and retail) Account Executives and Operations staff.
Provide outstanding levels of customer service through great communication and close attention to detail.
Key Responsibilities:
•Thoroughly and accurately analyze all loan documents, which include the following: AUS decision report, credit report, all sources of income including complex personal and business returns, assets, preliminary
title report, appraisal, purchase agreement, escrow instructions, occupancy verification, red flags and fraud check.
•Extensive knowledge of complex tax returns including multiple businesses and multiple financed properties
•Able to handle multiple investors guidelines and great knowledge of Appendix Q.
•Input data into DU/LP and run final AUS.
•Maintain quality and production standards as set forth by management.
•Underwriter files and clear conditions on loans with attention to detail as well as with a sense of urgency for our customers.
•Input loan data and decisions accurately into current operating system.
•Examine transaction matrix, internal, and investor overlays to ensure compliance with investor guidelines.
•Implement and enforce fraud detection techniques. Request supplemental information/documentation as necessity dictates.
•Recognize risk factors that may compromise overall quality of loan file.
•Aid in the resolution of any applicable pre-funding or post purchase loan deficiencies by assisting the post-closing department in curing any outstanding conditions or concerns.
•Effectively communicate orally and/or via email all loan decisions rendered on files in a professional and positive manner to maintain strong working relationships with co-workers and customers.
•Maintain consistent communication with brokers and sales staff to ensure all questions are answered in a timely manner while demonstrating outstanding level of customer service skills.
Professional Experience, Education, and Qualifications:
•Must have recent underwriting experience with all Conventional loans products for a minimum of 4 years and is current within the last 6 -9 months on all updated guidelines, policies and procedures.
•Must be able to multi-task in a fast-paced environment while maintaining a high level of quality.
•Extensive knowledge of all FNMA/FHLMC and investor guidelines.
•Strong attention to detail, organization and communication skills.
Communication skills, verbal and written, capable of expressing complex issues and soliciting input from a broad audience.
We offer:
•Competitive compensation reliant on ability & experience.
•Excellent benefits package including multiple health, dental & vision options.
Company paid life and AD&D Insurance, as well as additional voluntary benefit possibilities.
•401K
•PTO days in addition to 9 paid company holidays.
•Team environment encourages collaboration.
•Remote and on-site position.
Job Posted by ApplicantPro