Jumbo Underwriter

New American Funding

18h•Remote

About The Position

Primary responsibilities include providing the thorough evaluation of credit and property documents in loan files, identify potential risks, and advise as to the appropriate decision of the file as it relates to approving, declining or suspending the loan based upon New American Funding's underwriting guidelines concerning borrower eligibility and investors' requirements. Other duties include maintaining underwriting turn times, working with processors and loan officers to provide guidance on a case-by-case basis, and keep up with guidelines as set forth by Fannie Mae, Freddie Mac, Appendix Q, and multiple delegated Jumbo investors.

Requirements

Non-conforming/Non-Agency Jumbo underwriting experience
Superior knowledge of and experience with property and credit underwriting requirements of FNMA, FHLMC, Non-Agency Jumbo, and other private investor guidelines, 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 with Non-Conforming or Non-Agency Jumbo loans.
Must be able to verify identity and employment eligibility to work in the U.S.

Nice To Haves

Experience with Encompass 360

Responsibilities

Review all loan submissions submitted by production and origination staff and generate initial credit decision in accordance with FNMA, FHLMC, Non-Agency Jumbo, New American Funding Non-QM, and other private investor guidelines as well as internal overlays.
Ability to underwrite to multiple Non-Agency Jumbo investors in a changing market and regulatory environment.
Evaluate mortgage loan applications to determine eligibility, acceptability, and compliance with applicable state, federal and investor guidelines.
Perform credit and property analysis on conventional and Non-Agency Jumbo files.
Analyze complex tax returns and accurately calculate income.
Identify key loan factors impacting borrower eligibility, property eligibility and credit qualification for complex or atypical financial profiles, collateral and loan structures
Perform timely reviews of submitted conditions and loan resubmissions and complete credit decisions for complex loans assumed from colleagues
Identify and summarize Exception loans for escalation to Credit Manager for business decision
Input data and notes into the Encompass loan system.
Maintain quality and production standards as set forth by management.
Effectively communicate, orally, in writing, and via email, the decisions reached as to maintain positive working relationships with coworkers and customers.
Ability to explain specific reasons for negative credit decisions and recommend possible solutions.
Other duties may be assigned.