Scenario Desk Underwriter

New American Funding

4d•$110,000•Remote

About The Position

Brainstorm “What If’” scenarios and inquiries to assist Operations Team. Restructure a problematic loan, recommending alternative product/Investors, and offering suitable credit decisions to keep clients and production staff satisfied. Responsible for all conforming and high-balances loans for both DU/Fannie Mae and LP/Freddie Mac underwriting; ability to underwrite loans using most AUS systems such as DO/DU/Fannie Mae, LP/FHLMC. Experience with most MI Company’s guidelines; MGIC, Genworth, AIG, PMI. Evaluated and analyzed complex business tax returns, partnership and corporation for all submitted loan files. Must have experience with all Agency Guidelines Conv- FHA-VA.

Requirements

Must have strong customer service skills, excellent communication skills (verbal and written)
Must demonstrate strong attention to detail, strong analytical skills and sound decision-making ability
Must demonstrate interpersonal skills with the ability to interact with other departments and third parties in a professional manner
Must demonstrate the ability to manage multiple priorities and meet deadlines in a fast paced, high volume work environment with proven follow up and organizational skills required
Superior knowledge of and experience with property and credit underwriting requirements of FNMA, FHLMC, FHA and VA, as well as other loan programs and private mortgage insurance companies.
Excellent written and oral communication skills.
Superior analytical, organizational and problem-solving abilities.
Ability to work independently, analyze data, take and recommend appropriate actions with minimal supervision.
Capability of working in a fast-paced environment, under pressure and meet time-sensitive deadlines, all while maintaining a high level of professionalism.
High School diploma or equivalent.
Five or more years' mortgage underwriting experience.
Must be able to verify identity and employment eligibility to work in the U.S.

Nice To Haves

Current experience underwriting VA mortgage loans.
Direct Endorsement (DE) and/or LAPP/SAR certifications. (Prefer a fully designated underwriter)

Responsibilities

Respond to scenario questions posed by Loan Officers and processors.
Provide income calculation for loan officers to ensure the income utilized in prequalification is accurate
Review and decision credit, income, asset and property documentation on designated loans for compliance and investor guidelines.
Identify and work through alternatives with higher level Underwriter or Supervisor for loans that fall outside of guidelines
Demonstrate the ability to translate underwriting guidelines with application of mitigating factors, when applicable, to ensure proper salability to investors
Communicate both in writing and orally with investors, and loan officers, and processors
Research and comprehend complex investor guidelines.
Recommend alternative loan structures when appropriate.
Consistently meet established productivity and quality measurements on a consistent basis
Review tax returns for self-employed borrowers and determine viable income.
Provide accurate and correct written correspondence to internal customers.
Adhere to department turnaround standard of 24 hours.
Other duties may be assigned.