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Mortgage Underwriter

Ultimate Staffing

Mortgage Underwriter

Foothill Ranch, CA
Full Time
Paid
  • Responsibilities

    Job Description

    Mortgage Operations team is seeking a stellar Underwriter! We warrant a positive culture, promote teamwork & are continuously striving to take care of both our valued borrowers & our extraordinary employees. Come join us!

    POSITION SUMMARY:

    Responsible for underwriting loans for successful transaction and sale. Ensures the performance of all duties in accordance with the company’s policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates.

    RESPONSIBILITIES:

    · Underwrites 2 - 4 conventional loans within company, investor, and industry guidelines per day with a standard turnaround time of 24 - 48 hours

    · Maintains a current knowledge of loan programs.

    · Analyzes and issues credit decisions. Reviews and makes informed decisions on financial statements, credit reports and applicable rations (i.e., DTI and LTV).

    · Analyzes risk appropriately by assessing property information including: purchase contract, escrow instructions, and preliminary title report.

    · Assigns appropriate conditions to loans. Evaluates/examines transactions to ensure accuracy and completeness. Ensures documents are consistent and compliant. Identifies red flags on documentation.

    · Assists with restructuring of loans based on lending guidelines.

    · Gathers information from agency materials to make appropriate decisions. Assigns and signs off on appropriate loan conditions.

    · Assists Processing Department with problematic files to expedite submissions.

    · Effectively explains rationale behind credit decision to internal customers and/or auditors.

    · Communicates effectively with internal staff to maintain high level of customer service.

    · Utilizes Desktop Underwriter (DU) and Loan Prospector (LP) Programs.

    · Performs other duties and projects as assigned.

    REQUIREMENTS:

    · High School Degree or equivalent required and a minimum of one (1) + years of underwriting or processing experience preferred.

    · Bachelor’s Degree preferred.

    · Experience in the Mortgage industry preferred.

    THE PERKS:

    · Competitive compensation reliant on ability & experience

    · Excellent benefits package including multiple health, dental & vision options

    · Company paid life and AD&D Insurance, as well as additional voluntary benefit possibilities

    · 401K with robust company match

    · 15+ PTO days, in addition to 8 paid company holidays

    · The opportunity to work for America’s Lender under the vision of industry legend, Anthony Hsieh

    We are an equal opportunity employer and value diversity in our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.