MFD Senior Underwriter

Pennymac; Phoenix (AZ); Remote; USD 65,000 - 100,000; Full time

Job summary

Pennymac is seeking a Senior Underwriter to join their dynamic team focused on mortgage loan underwriting. This role involves reviewing complex applications, making decisions based on guidelines, and ensuring compliance. The ideal candidate will have experience in underwriting, strong communication skills, and knowledge of mortgage regulations.

Benefits

Comprehensive medical, dental, and vision insurance

Paid time off including vacations and illness

Wellness programs and onsite gyms

Retirement benefits with 401(k) matching

Tuition reimbursement

Qualifications

• At least 2 years underwriting experience with complex financial statements.
• Proficient in Desktop Underwriter and Loan Prospector.
• Strong knowledge of mortgage lending laws.

Responsibilities

• Review mortgage applications for accuracy.
• Perform risk-based reviews and compliance checks.
• Input information into underwriting systems.

Skills

Risk assessment

Communication

Attention to detail

Tools

Automated underwriting systems

Loan origination systems

Job description

PENNYMAC

Pennymac (NYSE : PFSI) is a specialty financial services firm with a comprehensive mortgage platform focused on the production and servicing of U.S. mortgage loans and investment management related to the U.S. mortgage market.

At Pennymac, our people are the foundation of our success and central to our dynamic work culture. We aim to help millions of Americans achieve homeownership through the complete mortgage journey.

Position: Senior Underwriter

The Senior Underwriter will be responsible for underwriting agency, jumbo, and FHA loans according to company and investor guidelines. The role requires clear communication of underwriting decisions and stipulations to sales, processing staff, and clients.

Key Responsibilities:

• Review mortgage applications and documentation for accuracy and completeness.
• Perform risk-based reviews based on expected performance and ability to repay, beyond GSE or HUD requirements.
• Input all required information into underwriting systems accurately and timely.
• Conduct compliance reviews within underwriting scope, escalating issues as needed.
• Perform other related duties as assigned.
• Demonstrate behaviors aligned with the organization's values and culture.

Qualifications:

• At least 2 years of experience underwriting borrowers with complex financial and income statements.
• Experience preparing cash flows for partnerships, S-corporations, and corporations.
• Experience with automated loan origination systems.
• Proficiency with automated underwriting systems such as Desktop Underwriter and Loan Prospector.
• Knowledge of mortgage lending laws and regulations.

Why Join Pennymac?

As a leading mortgage lender, Pennymac has helped over 4 million homeowners. Our vision is to be the most trusted partner for homeownership. With 4,000 team members nationwide, we are guided by our core values: accountability, reliability, and ethics. We are committed to positive contributions, sustainable growth, and fostering an inclusive environment where all employees and customers feel valued and respected.

Benefits include:

• Comprehensive medical, dental, and vision insurance.
• Paid time off, including vacation, holidays, illness, and parental leave.
• Wellness programs, employee recognition, onsite gyms, and dining options at select locations.
• Retirement benefits, life insurance, 401(k) matching, and tuition reimbursement.
• Philanthropy programs such as matching gifts, volunteer grants, and charitable sponsorships.

Learn more about our benefits at: https://pennymacnews.page.link/benefits

Additional information for residents is available at: https://www.pennymac.com/additional-benefits-information

Compensation: Salary varies based on role, location, skills, and experience:

• Lower range: Building skills and experience.
• Mid-range: Proficiency in the role.
• Higher range: Above-average experience and skills.

Some roles may include performance-based bonuses or stock incentives.

Salary Range: $65,000 - $100,000

Work Model: REMOTE