Open Position: Underwriter
Location: Brea, CA
Responsibilities:
• Manage individual pipeline daily by completing new underwriting reviews, condition reviews and other underwriting tasks within established turn times.
• Ensure loans are underwritten in accordance with underwriting standards, risk management factors, regulations and within expected timeframes.
• Review and analyze borrower profiles, credit reports, title reports, income documentation and assets, including complex business returns and financials.
• Structure loans according to lender requirements and credit quality.
• Discuss marginal loans with the Underwriting Team lead and Sales Manager before suspending or declining the file.
• Communicate with processing, underwriter, loan officers, funders, post-closing, and production managers to provide updates, structuring, • counteroffers, documents, and clarification on outstanding conditions. Solve deficiencies identified on loans, to move files forward quickly.
• Review, validate and update loan file data including transaction details, credit liability, income, asset, and property information.
• Monitor changes in regulations and industry that affect underwriting compliance; recommend updates to policies as required
• Stays current on all Fannie Mae, Freddie Mac, VA, FHA, selling guide updates, lender letters, bulletins, and announcements.
• Resolve pending issues identified by Post Closing/Loan Delivery team as needed
• Complete mandatory training assignments as directed
• Performs other mortgage underwriting related duties as assigned.
Qualifications:
• 3 years’ experience underwriting loans (Conventional, Jumbo. Non-QM, HELOCS, Closed End 2nd)
• Expert in Desktop Underwriter (DU) and Loan Product Advisor (LPA)
• Expert level knowledge of overall mortgage lending process, underwriting loan requirements, federal, state, and regulatory requirements/guidelines related to consumer mortgage lending and internal processes, controls, and asset protection.
• Job Type: Full-time
Benefits:
• 401(k) matching
• Dental insurance
• Health insurance
• Vision insurance
• Paid time off
