Mortgage - Underwriter

Paramount Residential Mortgage Group•Corona, CA

5d•Remote

About The Position

PRMG is seeking mortgage underwriters and supports remote work from anywhere in the United States. The role uses a pod-based team structure intended to support teamwork, work-life balance, and professional growth. PRMG describes its underwriter bonus structure as aggressive and notes that some underwriters have doubled their base salary through bonuses. The underwriter analyzes residential mortgage loan files for compliance with company, investor, and FHA/VA guidelines, evaluates the complete credit package and collateral, and helps ensure loans meet investment-quality standards. The position maintains required productivity and turnaround standards, communicates loan decisions, supports colleagues with guideline questions, and responds to post-closing reviews and audits. The stated pay is $51.93 per hour. PRMG offers eligible full-time employees and dependents a benefits package that includes medical, dental, vision, life insurance, short- and long-term disability, an HSA, an FSA, and other products, subject to eligibility, elections, and employee premiums. Enrollment in company-sponsored benefits is available on the first day of the month following hire; eligible employees may enroll in the 401(k) program on the first day of the month following completion of 60 days. Eligible employees may also apply for transfers through PRMG’s job portal.

Requirements

At least three years of mortgage underwriting experience and solid working knowledge of underwriting guidelines.
Experience underwriting private investor and private mortgage insurance guidelines.
Strong interpersonal communication and business relationship skills.
Detail-oriented, with strong organizational and follow-through skills.
Excellent analytical, written communication, and verbal communication skills.
Technological proficiency.
Bachelor’s degree in a related field or equivalent professional experience.

Responsibilities

Analyze loan files thoroughly for compliance with company, investor, and FHA/VA guidelines.
Underwrite the full credit package and collateral for residential mortgage loans and ensure an investment-quality loan product.
Check calculation accuracy and data integrity, and complete required underwriting worksheets in the Fast Trac 360 Resource Center.
Assist with training new underwriters.
Recommend loan disposition to the underwriting manager for loan amounts exceeding the underwriter’s authority limit.
Maintain company productivity standards and comply with a 48-hour underwriting turnaround time and 24-hour turnaround time for clearing conditions.
Strive to make three underwriting decisions per day within the allotted time.
Communicate loan decisions verbally and in writing to appropriate parties.
Maintain underwriting activity logs and provide monthly underwriting reports to the underwriting manager.
Answer processors’ and correspondents’ general guideline interpretation questions and questions about specific loan files.
Respond to post-closing reviews and audits in a timely manner.
Perform related duties as directed by the underwriter or operations manager.