Sr. Underwriter

New American Funding•,

6d•$100,000•Remote

About The Position

The Sr. Underwriter will be responsible for the thorough evaluation of credit and property documents in loan files. This role involves identifying potential risks and advising on the appropriate decision for approving, declining, or suspending a loan, adhering to New American Funding's underwriting guidelines, borrower eligibility, and investor requirements. The position also includes maintaining underwriting turn times, collaborating with processors and loan officers to provide guidance, and staying current with guidelines from VA, FHA, Fannie Mae, Freddie Mac, and Ginnie Mae.

Requirements

Government underwriting experience; CHUMS and/or SAR ID.
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 FHA(DE), USDA and VA
Current experience underwriting VA mortgage loans.
Direct Endorsement (DE) and/or LAPP/SAR certifications.
Must be able to verify identity and employment eligibility to work in the U.S.

Nice To Haves

Experience underwriting loans where the subject property is in FL, but not required

Responsibilities

Review all loan submissions submitted by production and origination staff and generate initial credit decision in accordance with FNMA, FHLMC, FHA, VA, Bond and other private investor guidelines as well as internal overlays.
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 government loan files.
Analyze complex tax returns and accurately calculate income.
Perform timely reviews of submitted conditions and loan resubmissions.
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.
Other duties may be assigned.