Remote Jumbo Underwriter
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Job Location:
Corona, CA - USA
Monthly Salary:
Not Disclosed
Posted on:
16 hours ago
Vacancies:
1 Vacancy
Department:
Job Summary
Overview
Responsible for the prudent underwriting of jumbo loans in accordance with company and investor guidelines. Based on volume requirements and experience Conventional FHA VA USDA or Non-QM loans may also be underwritten if underwriter has proper designation for those products.
PRMG offers a comprehensive benefits package for our full-time employees and their dependents which includes medical dental vision life insurance short-term disability long-term disability a Health Savings Account (HSA) a Flexible Spending Account (FSA) and various other products based on benefits eligibility elections and employee premiums. Upon hire you will be eligible to enroll in all our company-sponsored benefit programs (Medical Dental Life and Voluntary) on the first of the following month. After completing 60 days you will be eligible to enroll in our 401(k) program on the first of the following month. Additionally eligible employees may apply for job openings through PRMGs Internal and External Job Portal to request a transfer to a different department or position.
Responsibilities
- Completes a thorough analysis of loan files to determine compliance with company and investor requirements.
- Evaluates the entire credit package and collateral for residential mortgage loans and ultimately ensures an investment quality loan product.
- Checks accuracy of all calculations and data integrity.
- Completion of all required underwriting worksheets found in FastTrac360 Resource Center.
- Recommends the loan disposition to manager for loan amounts in excess of authority limitation.
- Maintains company standard for productivity levels and complies with company posted turn-time for initial underwriting and clearing conditions.
- Depending on product strives to meet 2-3 decisions/day within allotted time
- Communicates decision on loans to appropriate parties both verbally and in writing.
- Maintains underwriting activity logs and provides monthly underwriting report as needed to underwriting manager.
- Available to processors correspondents and other relevant parties for general guideline interpretations and questions on specific loan files
- Responds to post closing reviews and audits in a timely fashion.
- Performs related duties as directed by manager
Qualifications
- Minimum three years of mortgage underwriting experience with solid working knowledge of underwriting guidelines
- Experience with underwriting Jumbo products including manual underwriting of loan files
- Experience with underwriting other product lines such as Non-QM Conventional FHA (DE) VA (LAPP/SAR) and/or USDA preferred
- Experience with private mortgage insurance guidelines preferred
Skills:
- Strong interpersonal-communication and business-relationship skills.
- Detail oriented with strong organizational and follow-through skills.
- Excellent analytical written communication and verbal communication skills.
- Technologically proficient.
Education:
- Bachelors degree in related field or equivalent professional experience.
Travel:
- None
At PRMG we not only celebrate and support differences we thrive on it for the benefit of our employees our products and our community. We are proud to be a workplace that provides equal employment opportunities to all employees and applicants and prohibits discrimination and harassment of any type without regard to race color religion age sex national origin disability status marital status protected veteran status sexual orientation gender identity or expression or any other characteristic protected by federal state or local laws.
Min
Max
Key Skills
- Loan Processing
- Computer Skills
- Fraud
- Math
- Banking
- Pricing
- Analysis Skills
- Fair Housing Regulations
- Underwriting
- Financial Analysis
- negotiation
- Phone Etiquette
About Company
Whether you're a potential home buyer, looking to become a correspondent or broker partner, or want to join our retail team, PRMG is the right choice for you!
