Diversity, Equity, and Inclusion:

At NFM Lending we are a diverse team of champions, industry pioneers and action leaders. We draw on the differences in who we are, what we’ve experienced, and how we navigate the mortgage industry with focused intention. We work to attract, develop, engage, advance and retain a high performing workforce through fostering an inclusive culture where everyone can join in the journey to success. EOE.

Position Summary:

The Junior Underwriter is responsible for assisting with the review of mortgage loans originated by loan officer’s according to guidelines set by NFM Lending, FannieMae (FNMA), and FreddieMac (FHLMC) for underwriting loans and ensuring compliance with department guidelines, state and federal laws, and lending regulation.

Essential Job Functions:

Specific tasks will include, but are not limited to learning the following during training:

• Underwrite Conforming loans approved via Automated Underwriting services (AUS).
• Ability to compute income from W-2, paystubs, and other income documentation.
• Ability to review bank and other asset statements and perform calculations for required funds (down-payment and reserves) necessary for mortgage transactions.
• Ability to read, review, and understand credit report data, and liabilities.
• Ability to read conditions from Automated Underwriting Service, and check loan documentation for condition requirements.
• Review and sign off on title and property insurance.
• Approve, pre-decline, or assist with counter-offer loans within limits of assigned authority.
• Approve, pre-decline, or assist with the suspending / returning mortgage loan submissions.
• Assist in correction of Delivery Violations on specific files as required.
• Maintain knowledge of underwriting guidelines and stay current with department requirements.
• Measure all mortgage loan submission for underwiring decisions based on the company quality control plans and investor/regulatory compliance.
• Provide prompt, quality service to the originating branches and correspondents in a friendly and professional manner.
• Assist in underwriting a minimum of 50 units per month. Maintain a daily workload as needed to ensure prompt turnaround time as directed by senior staff. *May require occasional overtime.
• OUT of Scope of this position:   Ability to analyze Appraisal data, and make Appraisal/value decisions.
• Adheres to all applicable compliance regulations, including Bank Secrecy Act , Truth in Lending Act, Equal Credit Opportunity Act, Real Estate Settlement Procedures Act, Fair Lending, Safe Act, Right to Financial Privacy.
• This position may require occasional overtime and travel.
• The Level 1Underwriter is expected to maintain satisfactory attendance and report to work on time every day.
• Additional tasks as assigned.

This Job Is Ideal for Someone Who Is:

• Trustworthy – empathetic with a high degree of sincerity and holding yourself to a high standard
• People-oriented - enjoys interacting with people and working on group projects, “we” mentality
• Adaptable/flexible - enjoys doing work that requires frequent shifts in direction
• Detail-oriented - would rather focus on the details of work than the bigger picture
• Achievement-oriented - enjoys taking on challenges, even if they might not feel comfortable
• Autonomous/Independent - enjoys working with little direction and can be self-taught
• High stress tolerance - thrives in a high-pressure environment and is good under pressure
• Innovative - prefers working in unconventional ways or on tasks that require creativity
• Dependable - more reliable than spontaneous. Can consistently meet their quotas and perform

The above statements are intended to describe the general nature and level of work performed by people in this job. They are not intended to be an exhaustive list of all responsibilities, skills, efforts, or conditions associated with a job.

Additional Working Conditions Information:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to sit for extended periods and talk or hear. The employee is often required to walk; use hands to finger, handle, or operate computers, objects, tools, or controls; and reach with hands and arms. Specific vision abilities required by this job include close vision and the ability to adjust focus.

NFM Lending focuses on assisting consumers in obtaining a residential loan that meets their needs while ensuring that they are receiving exemplary service throughout the process. NFM Lending is dedicated to streamlining the loan process in order to shorten the time from loan application to closing without sacrificing service, quality, or compliance. Our company operates on a platform of high standards, while always putting honesty, integrity, and ethics at the highest level of importance.