We deliver on this mission by empowering our employees by encouraging and recognizing superior performance and innovative solutions, by promoting teamwork and divisional cooperation.
The main focus of this role is to perform underwriting of Jumbo and/or Non QM mortgage loans including a detailed review of the residential mortgage loan application and documentation as submitted to ensure loans meet underwriting guidelines as established by the company and its investors.
Approves or rejects residential loans within prescribed authority
Analyzes borrower’s credit profile, collateral and capacity to repay the proposed mortgage obligation
Ensures loans meet Company or investor guides
Accurately calculates borrower’s income and debt-to-income ratios based on acceptable Company and agency practices
Documents lending decisions and completes required screens in the loan origination system that include accurate completion of the 1008 as well as adding and/or creating applicable conditions on the loan approval
Run, reads and interprets automated underwriting decision results from both Desktop Underwriter and Loan Prospector
Reviews conditions submitted on loans and sign off on conditions where appropriate
Keeps informed of current and acceptable underwriting practices
Communicates loans decisions to clients/internal departments in a timely fashion and ensures compliance deadlines are met with regards to pre-disclosures, approval letters, denial notices, and counteroffers.
Works closely with processing and/or account management to answer specific loan questions, to answer specific conditions or documentation requested and to resolve problems
Maintains and cultivates an effective working relationship with internal and external customers
Prioritizes work queue to ensure service level agreements are met
Consistently meets or exceeds established minimum productivity and quality goals
Provides quality control responses in a timely manner
Acts as a role model of the company’s values, acting in an ethical and professional manner at all times
Embraces company culture
Education And Experience Requirements
Minimum 4 years of residential loan underwriting experience
Strong processing background preferable
High school diploma required; college degree preferred
College diploma preferred
Knowledge, Skill, and Ability Requirements
Manual Underwriting experience
Self-employed income analysis
Complex Financial Statement analysis
Strong analytical skills
Ability to make risk based lending decisions supported with relevant data and research
Knowledgeable with MS Office
Excellent Customer Service skills
Excellent verbal and written communication skills
Great organizational skills
15 Paid Time Off (PTO) days and 18 after 1st anniversary!
8 Paid Holidays
Employee Engagement Activities
Medical (including Health Savings Account & Flexible Savings Account)
Dental - RX – Vision – Life, Disability Insurance – 401(k) Plan with company match! – Employee Assistance Plan
Equal Employment Opportunity
We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.
Exceed the expectations of our residential mortgage borrowers & business partners through superior service, simple processes, and effective communications.