Conventional Underwriter

JMAC Lending • Costa Mesa, CA

98d • $77,000 - $92,000

About The Position

The Conventional Underwriter will evaluate and analyze residential loan applications in line with investor, agency, and internal standards. Scrutinize loan documentation for accuracy and completeness to ensure compliance with eligibility criteria, thereby reducing the potential for risk or loss for the company. Must also collaborate effectively with wholesale brokers, Account Executives, and Operations personnel. All while delivering exceptional customer service through clear communication and close attention to detail.

Requirements

• Recent underwriting experience with a variety of Conventional loan products for at least 2 years.
• Up-to-date with all the latest guidelines, policies, and procedures.
• In-depth understanding of all FNMA/FHLMC and investor guidelines.
• Exceptional attention to detail, strong organizational skills, and excellent communication abilities.
• Outstanding verbal and written communication skills to articulate complex issues clearly and gather insights from a diverse audience.

Responsibilities

• Conduct a meticulous and precise examination of all loan documents, including the AUS decision report, credit report, various income sources including complex personal and business tax returns, assets, preliminary title report, appraisal, purchase agreement, escrow instructions, occupancy verification, and checks for red flags and potential fraud.
• Enter data into DU/LP systems and execute the final AUS assessment.
• Uphold the quality and production benchmarks established by management.
• Review underwriter files and resolve conditions on loans with exceptional attention to detail and an urgent approach for the benefit of our customers.
• Accurately input loan data and decisions into the current operating system.
• Scrutinize transaction matrices and both internal and investor overlays to guarantee adherence to investor guidelines.
• Implement and uphold fraud detection methods. Solicit additional information/documentation as needed and identify risk factors that may undermine the overall quality of the loan file.
• Assist in resolving any pre-funding or post-purchase loan discrepancies by collaborating with the post-closing department to address any unresolved conditions or issues.
• Communicate loan decisions clearly, either verbally or via email, in a professional and constructive manner to foster strong working relationships with coworkers and customers.
• Maintain regular communication with brokers and sales personnel to ensure prompt responses to inquiries while exemplifying exceptional customer service skills.

Benefits

• Comprehensive Health Care Plan (including Medical, Dental, & Vision)
• Life Insurance Options (Basic, Voluntary & Accidental Death & Dismemberment)
• Generous Paid Time Off (for Vacation & Holidays)
• Secure Retirement Plan plus matching (401k)
• Short-Term & Long-Term Disability Coverage
• Family Leave Benefits
• Access to Wellness Resources

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 101-250 employees