Conventional Underwriter

JMAC Lending•Costa Mesa, CA

3d•$77,000 - $92,000•Remote

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. This is a Full-Time/Remote opportunity with varying working hours across UW time zones Monday-Friday offering competitive pay ranging from $77,000 to $92,000 annually plus bonus.

Requirements

Candidate should possess recent underwriting experience with a variety of Conventional loan products for at least 2 years and should be up-to-date with all the latest guidelines, policies, and procedures.
The ability to juggle multiple tasks in a dynamic, fast-paced environment while ensuring the highest quality standards is essential.
In-depth understanding of all FNMA/FHLMC and investor guidelines is required.
Exceptional attention to detail, strong organizational skills, and excellent communication abilities are crucial.
Outstanding verbal and written communication skills are necessary 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.