Conventional Underwriter

About JMAC Lending:

With over 25 years of experience, JMAC Lending has established itself as a leader in the industry. We pride ourselves on our innovative products, outstanding service, and unwavering commitment to supporting our partners in growing their businesses. Our culture revolves around surpassing conventional market options, positioning us as the preferred lender for our clients. Our team boasts impressive credentials and participates in ongoing education to blend knowledge with experience seamlessly. Built on a foundation of the highest ethical standards, our company excels in delivering competitive product pricing for wholesale and correspondent lending to our valued clients.

The Opportunity:

The Conventional Underwriter will evaluate and analyze residential loan applications in line with investor, agency, and internal standards. Scrutinize loan documentation for accuracy and completeness to ensure compliance with eligibility criteria, thereby reducing the potential for risk or loss for the company. Must also collaborate effectively with wholesale brokers, Account Executives, and Operations personnel. All while delivering exceptional customer service through clear communication and close attention to detail.

This is a Full-Time/Remote opportunity with varying working hours across UW time zones Monday-Friday offering competitive pay ranging from $77,000 to $92,000 annually plus bonus.

Key Responsibilities:

• Conduct a meticulous and precise examination of all loan documents, including the AUS decision report, credit report, various income sources including complex personal and business tax returns, assets, preliminary title report, appraisal, purchase agreement, escrow instructions, occupancy verification, and checks for red flags and potential fraud.
• Enter data into DU/LP systems and execute the final AUS assessment.
• Uphold the quality and production benchmarks established by management.
• Review underwriter files and resolve conditions on loans with exceptional attention to detail and an urgent approach for the benefit of our customers.
• Accurately input loan data and decisions into the current operating system.
• Scrutinize transaction matrices and both internal and investor overlays to guarantee adherence to investor guidelines.
• Implement and uphold fraud detection methods. Solicit additional information/documentation as needed and identify risk factors that may undermine the overall quality of the loan file.
• Assist in resolving any pre-funding or post-purchase loan discrepancies by collaborating with the post-closing department to address any unresolved conditions or issues.
• Communicate loan decisions clearly, either verbally or via email, in a professional and constructive manner to foster strong working relationships with coworkers and customers.
• Maintain regular communication with brokers and sales personnel to ensure prompt responses to inquiries while exemplifying exceptional customer service skills.

Requirements

• Candidate should possess recent underwriting experience with a variety of Conventional loan products for at least 2 years and should be up-to-date with all the latest guidelines, policies, and procedures.
• The ability to juggle multiple tasks in a dynamic, fast-paced environment while ensuring the highest quality standards is essential.
• In-depth understanding of all FNMA/FHLMC and investor guidelines is required.
• Exceptional attention to detail, strong organizational skills, and excellent communication abilities are crucial.
• Outstanding verbal and written communication skills are necessary to articulate complex issues clearly and gather insights from a diverse audience.

Benefits

• Comprehensive Health Care Plan (including Medical, Dental, & Vision)
• Life Insurance Options (Basic, Voluntary & Accidental Death & Dismemberment)
• Generous Paid Time Off (for Vacation & Holidays)
• Secure Retirement Plan (401k)
• Short-Term & Long-Term Disability Coverage
• Family Leave Benefits
• Access to Wellness Resources

JMAC Lending, Inc. is an Equal Employment Employer. We are committed to workforce diversity. Qualified applicants will receive consideration without regards to age, race, religion, sex, sexual orientation, gender identity or national origin.

DISCLAIMER: JMAC Lending is an evolving company. As such this job description is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed as assigned.