Senior Mortgage Underwriter I Phoenix, Arizona, United States

Valon Mortgage, Inc.; Phoenix (AZ); On-site; USD 80,000 - 100,000; Full time

Job summary

Valon Mortgage, Inc. is seeking a Senior Mortgage Underwriter to join their expanding team in Phoenix. In this role, you will ensure compliance in underwriting process, analyze borrower documents, and mentor new team members. The ideal candidate possesses extensive experience in both conventional and FHA underwriting, with a focus on enhancing customer service. Competitive salary and comprehensive benefits package offered.

Benefits

Competitive salary and 401k plan

Comprehensive medical, dental, & vision benefits

In-office snacks and drinks

17 days paid time off

12 weeks fully paid baby bonding time

Qualifications

• 5+ years of conventional mortgage underwriting experience.
• 3+ years of FHA DE underwriting experience.
• Deep knowledge of mortgage guidelines and automated underwriting systems.

Responsibilities

• Underwriting residential loans ensuring compliance with guidelines.
• Analyzing borrowers' credit, income, and assets.
• Mentoring and training new hires in the underwriting process.

Skills

Attention to detail

Problem-solving

Customer service

Education

Bachelor’s degree or equivalent work experience

Tools

Encompass LOS

Job description

Valon’s mission is to empower every homeowner. We believe the journey of home ownership starts when you get your keys, but lasts far beyond. We’re creating a world where home ownership comes with ease, security, and financial know-how. Our growing team of engineers, operators, product enthusiasts, and experienced servicing professionals are leveraging technology to fundamentally improve the homeownership experience. Through mortgage servicing—the process of paying off one’s mortgage—Valon is taking the first step in transforming the industry one homeowner, and lender, at a time.

Valon is currently scaling up its mortgage lending business, which aims to provide the ability to access low-cost, streamlined mortgage credit to Valon borrowers and tools to retain borrowers in their portfolio for Valon partners. We are looking for experienced and innovative individuals to help build our team and business who are eager to change the mortgage industry for the better.

About this Role

The Sr. Mortgage Underwriter will be responsible for but not limited to the underwriting of residential loans through post close sale/ insuring ensuring compliance with appropriate company and investor guidelines. A Mortgage Underwriter will be responsible for examining loan documentation for accuracy and completeness while working with loan originators, processors, or production staff to secure all required documents.

Valon currently originates conventional and FHA loans, and underwriters can expect to be involved in both programs, with the possibility of additional programs being added in the future.

You may be required to work with more senior mortgage underwriters or the underwriting manager on loan exceptions having the authority to withdraw and decline loans.

Responsibilities

• Analyze borrowers credit, income, assets, collateral and capacity to ensure credit-worthiness
• Review complex tax returns and income calculations
• Review loans, mentor and train new hires
• Maintain a working knowledge of secondary market underwriting guidelines, private investor and private mortgage insurance guidelines
• Review new loans and clear conditions on resubmissions within SLA
• Respond to audits and perform quality control review on mortgage files
• Maintain a focus on enhancing customer service skills and knowledge.
• Ensure KPIs are met set forth by the underwriting manager.
• Maintain quality and data integrity of all loan files.
• Able to comply with the policies and procedures outlined in the Company Handbook
• Ability to multitask in a high-volume environment
• Continuous focus on the customer experience
• Ability to work independently
• High attention to detail and effective problem-solving skills

Minimum Qualifications

• 5+ years of conventional mortgage underwriting experience
• 3+ years of FHA DE underwriting experience (TOTAL Scorecard and Manual)
• 3+ years of using Encompass LOS (ICE Technology/EllieMae)
• Deep knowledge of Fannie Mae/DU, Freddie Mac/LPA, and FHA guidelines and automated underwriting systems
• Ability to critically examine credit, income, assets, title, and appraisals for adherence to company, investor, and GSE underwriting guidelines
• Understanding of relevant mortgage industry federal regulation, including RESPA, TILA, ECOA, TRID, CFPB, etc.

Ideal Background

• 10+ years of mortgage underwriting experience
• 5+ years of FHA DE experience
• Bachelor’s degree or equivalent work experience
• Strong communicator with excellent writing skills
• High integrity with strong ethical values
• Team player with the ability to work effectively with a variety of team members

What we can offer:

• Compensation: competitive salary and 401k plan
• Health & well-being: we’ll invest in your physical and mental well-being with comprehensive medical, dental, & vision benefits
• Food & meals: in-office snacks and drinks, and Bagel Fridays
• Commuter benefits: We offer pre-tax deductions for public transportation, rideshare services, and parking expenses to make your commute more affordable and convenient.
• Grow together: Company wide orientation for you to successfully onboard and other learning & development opportunities including regular review cycles that feature 360 degree feedback
• Generous time off: 17 days paid time off, sick days, and 11 company holidays
• Baby bonding time!: 12 weeks off for both birthing and non-birthing parents - fully paid so you can focus your energy on your newest addition

Throughout the interview process, please remember that emails will only be from valon.com emails. We won't ever be asking for any personally identifiable information during the interview process itself. Please reach out to [e-mail] if you have any requests to verify the authenticity of an outreach.

Valon is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws. Valon makes hiring decisions based solely on qualifications, merit, and business needs at the time.

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