Non-Conforming Underwriter

JMAC Lending, Inc.; Costa Mesa (CA); Remote; USD 81,000 - 100,000; Full time

Job summary

An established industry player is seeking a skilled Underwriter to join their dynamic team. This full-time remote role offers a competitive salary and the chance to work with a variety of loan products, including agency and non-agency loans. You'll be responsible for evaluating borrower documentation, ensuring compliance with guidelines, and maintaining high-quality standards in a fast-paced environment. If you have a passion for the lending industry and a commitment to excellence, this opportunity could be the perfect fit for you. Join a forward-thinking company that values innovation and supports your professional growth.

Benefits

Comprehensive Health Care Plan

Life Insurance Options

Generous Paid Time Off

Secure Retirement Plan (401k)

Short-Term & Long-Term Disability Coverage

Family Leave Benefits

Access to Wellness Resources

Qualifications

• 5+ years of recent underwriting experience with Conventional loan products.
• Extensive knowledge of complex tax returns and investor guidelines.

Responsibilities

• Conduct comprehensive analysis of loan documents and AUS decision reports.
• Manage loan files and ensure compliance with investor guidelines.

Skills

Underwriting Experience

Attention to Detail

Communication Skills

Multi-tasking

Knowledge of FNMA/FHLMC Guidelines

Fraud Detection

Tools

DU/LP Systems

Job description

About JMAC Lending:

With over 25 years of experience, JMAC Lending has established itself as a leader in the industry. We pride ourselves on our innovative products, outstanding service, and unwavering commitment to supporting our partners in growing their businesses. Our culture revolves around surpassing conventional market options, positioning us as the preferred lender for our clients. Our team boasts impressive credentials and participates in ongoing education to blend knowledge with experience seamlessly. Built on a foundation of the highest ethical standards, our company excels in delivering competitive product pricing for wholesale and correspondent lending to our valued clients.

The Opportunity:

This role entails underwriting agency and non-agency loans (including both Manual and AUS), alongside Alternative Doc loans. You'll play a crucial part in evaluating supporting documentation to determine borrowers' creditworthiness and their capacity to fulfill mortgage obligations. This includes reviewing a variety of documents such as credit reports, income and asset documentation, appraisals, collateral reports, and fraud prevention tools, as well as any other necessary paperwork to make informed decisions.

This is a Full-Time/Remote opportunity offering competitive pay ranging from $81,000 to $100,000 annually.

Key Responsibilities:

• Conduct a comprehensive and precise analysis of all loan documents, including the AUS decision report, credit report, various income sources (both complex personal and business returns), assets, preliminary title report, appraisal, purchase agreement, escrow instructions, occupancy verification, as well as performing checks for red flags and potential fraud.
• Efficiently enter data into DU/LP systems and execute the final AUS processing.
• Meticulously manage loan files and clear any conditions, demonstrating both attention to detail and a sense of urgency to meet customer needs.
• Accurately log loan data and decisions into our operating system, ensuring precision at every step.
• Review transaction matrices and internal investor overlays to guarantee compliance with all investor guidelines.
• Apply and uphold effective fraud detection methods. Proactively request additional information or documentation as needed, and identify risk factors that may affect the quality of the loan file.
• Assist in resolving any pre-funding or post-purchase loan issues by collaborating with the post-closing department to address any outstanding conditions or concerns.
• Communicate loan decisions clearly and professionally via phone or email to foster positive and productive relationships with colleagues and clients.
• Maintain open channels of communication with brokers and sales staff to ensure all inquiries are addressed promptly, showcasing exceptional customer service skills.

Minimum Requirements:

• Must have recent underwriting experience with all Conventional loans products for a minimum of 5 years and is current on all updated guidelines, policies, and procedures.
• Current jumbo, non-agency, and alternative document experience for at least 3 years.
• Must be able to multi-task in a fast-paced environment while maintaining a high level of quality.
• Extensive knowledge of all FNMA/FHLMC and investor guidelines.
• Extensive knowledge of complex tax returns including multiple businesses and multiple financed properties.
• Able to handle multiple investors' guidelines.
• Maintain quality and production standards as set forth by management.
• Strong attention to detail, organization, and communication skills.
• Communication skills, verbal and written, capable of expressing complex issues and soliciting input from a broad audience.
• Must comply with all BSA/AML requirements as well as any mandatory changes.

Benefits:

• Comprehensive Health Care Plan (including Medical, Dental, & Vision)
• Life Insurance Options (Basic, Voluntary & Accidental Death & Dismemberment)
• Generous Paid Time Off (for Vacation & Holidays)
• Secure Retirement Plan (401k)
• Short-Term & Long-Term Disability Coverage
• Family Leave Benefits
• Access to Wellness Resources

JMAC Lending, Inc. is an Equal Employment Employer. We are committed to workforce diversity. Qualified applicants will receive consideration without regards to age, race, religion, sex, sexual orientation, gender identity or national origin.

DISCLAIMER: JMAC Lending is an evolving company. As such this job description is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed as assigned.