Jumbo Scenario Desk Sr. Underwriter

Movement Mortgage•Sacramento, CA

1d•$100,000 - $147,200•Onsite

About The Position

Join the company defining what it means to be an Impact Lender! Mortgages are what we do, but that doesn't define who we are. In 2008, Movement disrupted the industry with the innovative 6-7-1 mortgage process. In 2023, we pioneered again, helping launch Impact Lending – a new category of lending. Any mortgage lender that commits at least 10% of its profits to helping the neighborhoods it serves is an Impact Lender. At Movement, we are Impact Lenders. We give 40%-50% of our profits to making an impact in our communities. For us, purpose and people have always come before profit. We’re definitely not your average mortgage company. When you’re ready to grow your career AND your impact, we’re ready for you. We’re also one of the nation’s top lenders and are redefining corporate culture. We work hard, we have fun, we invest in our people and we make a difference. Sound like a plan? Good. Learn more at www.movement.com. We are committed to being a Movement of Change in the mortgage industry, in corporate cultures and in communities – our mission to love and value people drives everything we do.

Requirements

At least 5 years of Prime, Jumbo, NON-QM and Conventional underwriting experience
Strong proficiency in Microsoft Office (Outlook, Word, Excel, One Drive) and Adobe Acrobat, navigating the internet, and generally tech savvy.
Knowledge of Investor guidelines and overlays
Meeting company turn times and metrics
Navigation of multiple Investor portals
Meticulous with a focus on accuracy, demonstrating extreme attention to detail and critical thinking
Demonstrate a history of effective, proactive, and precise verbal and written communication
Demonstrate organizational skills and ability to prioritize, multi-task, manage time, problem solve, and work independently in a fast-paced environment
Initiative-taking attitude towards learning and staying updated on industry standards and development
Professional, friendly, courteous, positive, collaborative, and client-centric that supports multiple departments.

Nice To Haves

Jumbo & Non-QM experience preferred
Experience with MD (Mortgage direct)
Ability to triage and prioritize tasks effectively
High School Diploma or Equivalent
Five (5)+ years of underwriting conventional underwriting experience in a Correspondent environment

Responsibilities

Responsible for evaluating and assessing the risk of Prime, Jumbo & Non-QM mortgage loan scenarios to ensure they meet company policies, investor guidelines, compliance, and industry regulations
Serve as the primary point of contact for the scenario desk, addressing inquiries encompassing a wide range of topics, including: Responding to asset-related questions, Clarifying occupancy-related issues, Title, Appraisal and Insurance questions
Provide upfront Income analysis for the following: Wage/Salary, Self-employment, RSU, DSCR calculations, Asset Depletion, Bank statement, Other variable types of Income
Work with Product development on Program offerings and launches
Handle Investor updates
Manage Program matrices and Sales support tools
Training Sales partners and underwriting department on Investor programs
Communication to Sales/Team members Income analysis results
Log and track all income review requests
Support Underwriting, Credit Policy and Product Development with tasks that arise surrounding the scenario desk including (but not limited to): Investor relations, Collaboration with other departments
Assist Team Lead with tasks that arise surrounding the scenario desk including (but not limited to): Facilitate the preparation of Exception requests received upfront on the inbox to review prior to escalating to Team Lead to ensure loan parameters meet general guideline requirements aside from variance outside guides being requested
Help develop resource tools to increase productivity and proficiency
Triage and escalate difficult/advanced questions to Team Lead
Train on and increase knowledge of loan programs, to provide additional scenario coverage on desk for the following programs: DSCR (Debt Service Coverage Ratio), Bank statement programs, Asset depletion programs, NON-QM products, Jumbo products, New products that are rolled out on new Investor loan programs