Position Overview:
The Wholesale Jumbo Underwriter reviews and underwrites Jumbo and Non-QM mortgage loan applications and property appraisals and evaluates the loans to minimize risk or loss within regulatory guidelines.
Ideal candidates for this position will be experienced underwriting Jumbo and Non-QM loans, highly detail-oriented, and familiar with loan program guidelines.
Essential Functions of the Role:
- Analyze and underwrite Jumbo and Non-QM mortgage loans within compliance guidelines and approved seller variances.
- Manage loan conditions and provide recommendations for underwriting waiver and eligibility exceptions.
- Communicate with loan originators and processors regarding loan status, approvals, suspensions, denials, and conditions.
- Maintain a pipeline of loans adhering to posted service level agreements.
- Remain current on loan program requirements and review documents for compliance.
- Other duties as assigned.
Classification: Full Time, Non-Exempt
Essential Knowledge/Skills/Abilities:
- Knowledge of regulatory requirements (RESPA, TILA, etc.)
- Strong communication skills
- Excellent organizational skills
- Highly detail-oriented
- Ability to work across organizational boundaries
- Strong decision making skills
- Advanced problem solving capabilities
- Strong critical thinking skills
- Proven ability to prioritize and multi-task
- Understanding of Government Loan Programs
Experience Requirements:
- Minimum of five (5) years of mortgage underwriting experience required.
- Minimum of three (3) years of underwriting Jumbo and Non-QM loans with complex income analysis required.
- National bond program experience preferred.
Education / Licensing Requirements:
- High school diploma or equivalent required. Some college preferred.
Working Conditions:
- Fast-paced environment.
- Requires normal vision (corrected) both close and distant.
- Requires normal hearing levels (corrected).
- Requires working at a desk to use a phone and computer for extended periods of time.
- Requires sitting, bending.
- Works effectively with frequent interruptions.
- Lifting requirements of 10 lbs. occasionally.
- Minimal travel <5%.
