Mortgage Underwriter jobs in California

GENERAL DESCRIPTION

Wholesale Underwriter is responsible for analyzing and rendering complex credit decisions on mortgage loan applications consistent with internal policies and investor guidelines as established by FNMA, FHLMC. Work under immediate supervision and report to Manager.

ESSENTIAL FUNCTIONS

• Review loan applications and identify missing or incorrect information
• Calculate consumers’ income and examine credit histories, assets, and collateral
• Analyze property standards against appraisal values
• Assess creditworthiness to determine if borrowers meet Ability to Repay (ATR) and Qualified Mortgage (QM) requirements
• Determine final credit decisions based on company policies and investor guidelines
• Understand and maintain a thorough knowledge of all policy updates
• Adhere to company quality control requirements
• Maintain relationships by effectively communicating with internal and external customers in a timely and professional manner
• Perform other duties as assigned

KNOWLEDGE, SKILLS, AND ABILITIES

• Good oral, written, and interpersonal communication skills to communicate with internal staff and external clients as needed
• Strong analytical and mathematical skills
• Ability to maintain a customer focus and efficiently and consistently produce accurate work in both individual and team settings
• Strong attention to detail and the ability to multi-task and meet deadlines in a fast-paced environment
• Solid knowledge of computer systems including MS Office (Word, Excel, and Outlook)

REQUIRED QUALIFICATIONS

• DU/LP Conventional Underwriting
• High school diploma or GED
• 5 years of related experience in the mortgage industry, including 3 years of underwriting experience
• Understanding of credit and an ability to perform mathematical calculations and review financial documents
• Knowledge of loan origination investor guidelines and federal and state compliance regulations

PREFERRED QUALIFICATIONS

• Non-QM Underwriting
• DE Underwriting
• Experience in Wholesale
• Experience in Byte

Salary: $75,000 - $85,000

Job Type: Full-time

Pay: $75,000.00 - $90,000.00 per year

Benefits:

• Health insurance
• Paid time off

Schedule:

• 8 hour shift
• Monday to Friday

Education:

• Bachelor's (Required)

Experience:

• Underwriting: 3 years (Required)

Work Location: In person