Jumbo Mortgage Underwriter

Jumbo Mortgage Underwriter
In Los Angeles , California 90010

Job Description

Essential Job Functions 

  • Underwrite Jumbo Loan files according to portfolio and investor guidelines, and in Compliance with applicable regulations 
  • Review and verify all income & asset documentation, in accordance with internal Quality Control procedures, and ensuring Ability to Repay standards are met 
  • Perform analysis of credit history and credit report, and conduct liabilities analysis 
  • Maintain and cultivate an effective working relationship with Internal (production staff, branches, other departments) and External clients (borrowers, realtors, etc.) 
  • Review and analyze Collateral documents, such as: Appraisal, Purchase Contract, Escrow Instructions and Property Inspection Report 
  • Run, read and interpret total Scorecard AUS results 
  • Perform analysis of complex tax returns, inclusive of individual and self-employed borrowers. 
  • Prepare Loan approval memorandum and present loan strengths and weaknesses to individuals with approval authority 
  • Sign-off on Loan Conditions 
  • Prepare and submit to Investor for approval.

Job Qualifications / Requirements 

  • Required: Encompass experienced.
  • Required: 2-3 years of Jumbo UW experience.
  • Required: Knowledge of Lending Compliance regulations, inclusive of: Regulations X (RESPA),
  • Regulation Z, Regulation B, Fair Lending, HMDA Guidelines, among others 
  • Required: Experience with Investor and Portfolio Underwriting 
  • Required: Ability to underwrite complex financial situations, inclusive of entity tax returns 
  • Required: Quality Assurance experience 
  • Required: Excellent Verbal and written communication skills 
  • Required: Excellent Customer Service skills 
  • Required: Fraud review skills and experience 
  • Required: Knowledgeable with CFPB compliance standards 
  • Required: Knowledgeable with Fannie Mae & Freddie Mac Guidelines 
  • Preferred: Loss Mitigation Experience 

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