Senior Underwriter

Element, Inc.; Long Beach (CA); Remote; USD 100,000 - 115,000; Full time

Job summary

Element, Inc. is seeking a Senior Underwriter responsible for mortgage loans compliance and processing. This remote position involves underwriting various loan types and ensures timely loan closings adhering to federal regulations, requiring strong organizational and communication skills.

Responsibilities

• Underwrite FHA, VA, Jumbo, and Conforming loans.
• Approve, decline or counteroffer loans within limits of assigned authority.
• Maintain posted underwriting turn times and ensure compliance with guidelines.

Job description

Job Details

Job Location: Remote - West Coast - Long Beach, CA

Position Type: Full Time

Salary Range: $100000.00 - $115000.00 Salary/year

Description

Position Summary:

The Senior Underwriter is responsible for mortgage loans originated by correspondents according to guidelines set by NFM Lending, FNMA, FHLMC, FHA, and VA, for underwriting loans and ensuring compliance with department guidelines, state and federal laws, and lending regulation. This position will clear conditions and expedite loan closings.

Essential Job Functions:

Specific tasks will include, but are not limited to, the following:

Maintain posted underwriting turn times.
Maintain knowledge of underwriting guidelines and stay current with department requirements.
Knowledgeable of reference material and how to use it. Example All-regs.
Underwrite FHA, VA, Jumbo, and Conforming loans including High Balance and CDA.
Approve, decline or counteroffer loans within limits of assigned authority.
Underwrite a minimum 60 units per month. Maintain a daily workload as needed to ensure prompt turnaround time as dictated by senior management.
Approve, decline, or suspend/return residential mortgage loan submissions; must be responsible to meet deadlines when heavy periods of volume exist throughout the month.
Assist in correction of Delivery Violations on specific files as required.
Enter complete and accurate data in systems to ensure data integrity.
Measure all mortgage loan submissions for underwriting decisions based on company quality control plans and investor/regulatory compliance.

Support team members to identify potential solutions/alternatives for difficult/denied loans.
Function as a technical resource to business channel associates.
Assist in orientation and training of department personnel.
Provide prompt, quality service to the originating branches and correspondents in a friendly and professional manner.
The Senior Underwriter is expected to maintain satisfactory attendance and report to work on time every day.
This Position may require occasional overtime and travel.
Effectively communicate, work with, and build relationships with all levels of constituents including culturally and linguistically diverse staff members and external candidates and/or vendors, while operating in a fast-paced customer service driven environment.
Additional tasks as assigned.

Conditions Information:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is frequently required to sit and talk or hear. The employee is often required to walk; use hands to finger, handle, or operate computers, objects, tools, or controls; and reach with hands and arms. Specific vision abilities required by this job include close vision and the ability to adjust focus.

Diversity and Inclusion:

At NFM Lending we are a diverse team of champions, industry pioneers and action leaders. We draw on the differences in who we are, what weve experienced, and how we navigate the mortgage industry with focused intention. We work to attract, develop, engage, advance and retain a high performing workforce through fostering an inclusive culture where everyone can join in the journey to success. EOE.

Additional Information:

The range provided reflects the expected compensation for this role and is considered a general guideline. Actual compensation will be decided based on factors such as geographic location, skills, education, experience assessed during the interview process, and internal pay equity. Compensation may also include incentives such as per-file bonuses and discretionary bonuses as applicable to the role.

Qualifying employees are eligible to participate in our Total Rewards program. Additional information can be found by clicking on the following link: Benefits and Total Rewards

Qualifications