Conventional and Non-QM Underwriter
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Job Location:
Los Angeles, CA - USA
Monthly Salary:
Not Disclosed
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Key responsibilities include but are not limited to:
- Underwrite mortgage loan files for agency compliance and investor guidelines
- Verify and analyze all necessary financial information and documentation; ensure that loan files contain all necessary credit and legal documents.
- Approve or approve with conditions loan submission after careful consideration and explore possible alternatives before resorting to a suspense or denial.
- Assess the risk to the company and our investors to ensure salability of the loan after closing
- Perform thorough analysis of applicants income and expense data asset documentation credit reports and property valuations in order to affirm borrower qualifies for loan.
- 5 years of experience underwriting FNMA FHLMC and Non-Conforming mortgages is a plus
- Re-reviewing files signing off on conditions and moving files to clear to close
- Work closely with operations staff while identifying opportunities to mentor and coach them increasing their knowledge and efficiency
Key Skills
- Loan Processing
- Computer Skills
- Fraud
- Math
- Banking
- Pricing
- Analysis Skills
- Fair Housing Regulations
- Underwriting
- Financial Analysis
- negotiation
- Phone Etiquette
