Mortgage Underwriter *Remote* - Must live in CA


: $84,153.33 - $156,310.00 /year *

Employment Type

: Full-Time


: Financial Services - Insurance

Role and Responsibilities

  • Working in a paperless environment
  • Navigating and updating the information in the Lending Operating System
  • Facilitating customer-centric behaviors and a superior customer experience for both internal and external customers
  • Keeping apprised of changes in Investor, Regulatory and Bank guidelines; integrating changes into daily processes
  • Demonstrating time management skills for pipeline management and reviewing loan files within established service level agreements
  • Meeting or exceeding daily production quotas
  • Verifying accuracy and completeness of loan files
  • Work with various departments to address, resolve, and improve file quality
  • Ordering the appropriate services (i.e. appraisal, flood) for the loan file per Bank policy
  • Conditioning for documentation on loan files; review received documentation, and sign off conditions when appropriate documentation is received
  • Reviewing, understanding and analyzing file documentation including Flood Certifications, credit reports, hazard insurance declarations, the Loan application (1003), purchase contract, and preliminary title reports
  • Reviewing and thoroughly analyzing appraisal reports including Single Family Residence, Multi family residence, Condominium, and PUDs Identifying Red Flags/Fraud Detection, mitigating risk
  • Experienced with LexisNexis, DataVerify Drive and FraudGuard or other automated quality control systems
  • Underwriting Condo Projects and issue necessary warranty
  • Ability to anticipate potential issues and develop solutions
  • Analyzing and calculating income based on documentation provided. Income types include but are not limited to self-employed, rental, salaried, bonus, overtime, commission, social security income, Pension income, IRA income
  • Strong knowledge of federal tax returns and self-employed income analysis based on FNMA 1084 form
  • Reviewing all types of asset statements for complete and accurate data, and adherence to investor and Bank guidelines
  • Demonstrate proficiency in automated underwriting applications DU and LP, and ability to analyze results.
  • Understanding and applying Fannie Mae and Freddie Mac guidelines
  • Developing and Issuing loan decisions including Counter Offer scenarios, Approvals and Declines
  • Preparing reports for management
  • Responding to e-mails and phone calls from internal and external customers within established service level agreements
  • Review QC findings and trends.
  • Identify opportunities for improvement and take necessary steps
  • Be available to Production staff for interpretations and questions in general or for specific loan files.
  • Other projects as assigned by management
  • Cross-train with various channels and departments in Third-Party Origination and Consumer Lending

Minimum Qualifications

  • A minimum of 2-3 years underwriting in a residential mortgage environment
  • Working knowledge with Fannie Mae and Freddie Mac guidelines
  • Demonstrated knowledge of Agency guidelines and regulatory updates
  • Must meet the Consumer Financial Protection Bureau loan originator qualification requirements
  • High School diploma or GED required; some college preferred
  • Excellent verbal and written communication skills with strong attention to detail
  • Excellent analytical and problem solving skills
  • Ability to work accurately and efficiently in a fast paced environment
  • Ability to handle competing priorities effectively and within established timeframes
  • Excellent interpersonal skills and positive attitude
  • Knowledgeable in automated underwriting systems is preferred but not required
  • Knowledge in Loan Origination System Empower a plus


Job Requirements:
  • Complete underwriting review of loan files
  • Direct the underwriting risk section and underwriting process
  • Maintain underwriting activity logs and provide monthly underwriting report to underwriting manager
  • Challenging underwriting or credit issues
  • Evaluating mortgage credit risk associated with underwriting residential secondary market and portfolio mortgage loans
  • Using the appropriate underwriting guidelines
  • Submit mortgage loans for underwriting approval all documents are received
  • Understanding underwriting decisions/guidelines and conditions
  • Demonstrate exceptional underwriting skills with new mortgage loan requests
  • Decline applications based on underwriting guidelines
  • Stay abreast of underwriting guidelines
  • Establish underwriting guidelines and pricing policies
  • Understanding underwriting decisions and conditions
  • Maintain knowledge of all underwriting guidelines
  • Identifying, analyzing, and evaluating loan risk by underwriting conventional and government loans to investor and agency underwriting guidelines
  • Identifying, analyzing, and evaluating loan risk by underwriting conventional and government loans to investor and regulatory underwriting guidelines
  • Identifying, analyzing, and evaluating loan risk by underwriting conventional loans to investor, agency and Pulte underwriting guidelines
  • Learn underwriting skills and perform junior underwriter activities
  • Review all necessary underwriting information
  • Prepare necessary documents and submit mortgage loan application files for underwriting approval

Associated topics: banker, banking solution, collection analyst, counselor, loan, mortgage loan originator, mortgage originator, personal banker, personal banker ii, personal banker iii * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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