Jumbo Underwriter

Jumbo Underwriter
In Los Angeles, California 90010

Job Description

Jumbo Underwriter

We are a professional staffing firm, working with organizations across the country to place exceptional candidates. We work with national, regional and local clients across a variety of market sectors. Whether you are interested in a direct hire, temp-to-hire, or temporary position, Workway can help you to put your best foot forward. Let Workway open the door for you!

Job Responsibilities 

Currently, we have a direct hire/permanent opportunity for a Jumbo Underwriter in Los Angeless. My long-standing client, who has been in business for over 35 years, with over 60 full service branches, 8 loan production centers, and has over $13.5 billion in assets, is looking for a Jumbo Underwriter. The salary for the position can go up to $120,000 per year based on experience.

Your specific duties in this role will include: 

  • 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 Requirements 

Specific qualifications for the JumboUndewriter position include: 

  • 5+ years recent experience underwriting Jumbo Non-Conforming loans at a banking institution.

  • Knowledge of Lending Compliance regulations, inclusive of: Regulations X (RESPA), Regulation Z, Regulation B, Fair Lending, HMDA Guidelines, among others

  • Knowledgeable with CFPB compliance standards

  • Knowledgeable with Fannie Mae & Freddie Mac Guidelines


To learn more about this and other job opportunities, please contact 619-278-0016 and ask for Cressan Trenhaile or for immediate consideration, please email your resume to [email protected]


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