Position Overview:
The Wholesale Jumbo Underwriter reviews and underwrites Jumbo and Non-QM mortgage loan applications and property appraisals and evaluates the loans to minimize risk or loss within regulatory guidelines.
Ideal candidates for this position will be experienced underwriting Jumbo and Non-QM loans, highly detail-oriented, and familiar with loan program guidelines.
Essential Functions of the Role:
-
Analyze and underwrite Jumbo and Non-QM mortgage loans within compliance guidelines and approved seller variances.
-
Manage loan conditions and provide recommendations for underwriting waiver and eligibility exceptions.
-
Communicate with loan originators and processors regarding loan status, approvals, suspensions, denials, and conditions.
-
Maintain a pipeline of loans adhering to posted service level agreements.
- Remain current on loan program requirements and review documents for compliance.
- Other duties as assigned.
Essential Knowledge/Skills/Abilities:
-
Knowledge of regulatory requirements (RESPA, TILA, etc.)
-
Strong communication skills
- Excellent organizational skills
-
Highly detail-oriented
-
Ability to work across organizational boundaries
-
Strong decision making skills
-
Advanced problem solving capabilities
-
Strong critical thinking skills
-
Proven ability to prioritize and multi-task
-
Understanding of Government Loan Programs
-
Minimum of five (5) years of mortgage underwriting experience required.
- Minimum of three (3) years of underwriting Jumbo and Non-QM loans with complex income analysis required.
-
National bond program experience preferred.
- High school diploma or equivalent required. Some college preferred.
- Fast-paced environment.
-
Requires normal vision (corrected) both close and distant.
-
Requires normal hearing levels (corrected).
-
Requires working at a desk to use a phone and computer for extended periods of time.
-
Requires sitting, bending.
-
Works effectively with frequent interruptions.
-
Lifting requirements of 10 lbs. occasionally.
-
Minimal travel <5%.
Along with a great culture and competitive pay, full-time employees are eligible for the following additional benefits that include:
-
Medical, dental, and vision insurance
-
Short-term and long-term disability
-
401(k) and Roth 401(k) plan and Company match
-
Company-provided life insurance
-
8 paid holidays
-
AND MORE!
Pay: $90,000.00 to $120,000.00 annually depending on experience, and is eligible for discretionary bonus
