Mortgage Underwriter

2 days ago


Plano, Texas, United States Pennymac Full time
Pennymac: A Leader in Mortgage Services

Pennymac is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.

A Day in the Life:
The Mortgage Fulfillment Underwriter ensures that the assets reviewed meet all applicable investor guidelines, through a complete knowledge of requirements and regulations. As the Underwriter, you will be held accountable for quality and accuracy of decisions.

Key Responsibilities:
Decisions full range of mortgage loans, preferably including FHA loans
Review all mortgage applications and documentation for accuracy and completeness
Work with clients to prepare mortgage applications and related documentation as needed, help resolve any outstanding issues
Work with compliance officers to ensure Federal, State, and local compliance of all mortgage and loan materials
Approve or deny mortgages on a timely basis
Perform other related duties as required and assigned

Requirements:
~ Bachelors degree or equivalent work experience
~3+ years of mortgage underwriting experience required
~ Solid knowledge of mortgage underwriting and of basic automated underwriting systems
~ Proficiency with basic automated underwriting systems
~ Knowledge of mortgage laws and regulations required, including Home Mortgage Disclosure Act
~ Knowledge of state and federal agency mortgage loan guidelines and regulations helpful

Why Pennymac:
Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of homeownership. Our vision is to be the most trusted partner for home. We are guided by our core values: to be Accountable, Reliable and Ethical in all that we do.

Benefits:
Pennymac offers a comprehensive benefits package, including Comprehensive Medical, Dental, and Vision, Paid Time Off Programs, Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations). We also offer Retirement benefits, life insurance, 401k match, and tuition reimbursement.

Compensation:
Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:
Lower in range - Building skills and experience in the role
Mid-range - Experience and skills align with proficiency in the role
Higher in range - Experience and skills add value above typical requirements of the role
Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.

Salary:
$55,000 - $85,000
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