Sr. Underwriter

New American Funding; Bellevue (WA); Remote; USD 80,000 - 120,000; Full time

Job summary

A leading company in the mortgage industry is seeking an experienced Underwriter to evaluate loan files for approval or decline. You'll ensure compliance with guidelines and provide guidance on individual cases while working collaboratively with loan processors and officers. This remote position requires significant expertise in FHA and VA loans, along with strong analytical and communication skills.

Qualifications

• Five or more years' mortgage underwriting experience.
• Current experience underwriting VA mortgage loans.
• Direct Endorsement (DE) and/or LAPP/SAR certifications.

Responsibilities

• Review loan submissions and generate initial credit decisions.
• Evaluate eligibility of mortgage loan applications according to applicable guidelines.
• Perform credit and property analysis on loan files.

Skills

Government underwriting experience

Excellent written and oral communication skills

Analytical skills

Organizational abilities

Problem solving abilities

Ability to work independently

Education

High School diploma or equivalent

Job description

Overview

Location: Remote- North West WA region

Must do Conv, FHA and VA loans

Primary responsibilities include providing the thorough evaluation of credit and property documents in loan files, identify potential risks, and advise as to the appropriate decision of the file as it relates to

approving, declining or suspending the loan based upon New American Funding's underwriting guidelines concerning borrower eligibility and investors' requirements. Other duties include maintaining underwriting turn times, working with processors and loan officers to provide guidance on a case-by-case basis, and keep up with guidelines as set forth by VA and FHA, as well as Fannie Mae, Freddie Mac and Ginnie Mae.

Responsibilities

Duties and Responsibilities:

Review all loan submissions submitted by production and origination staff and generate initial credit decision in accordance with FNMA, FHLMC, FHA, VA, Bond and other private investor guidelines as well as internal overlays.

Evaluate mortgage loan applications to determine eligibility, acceptability, and compliance with applicable state, federal and investor guidelines.

Perform credit and property analysis on conventional and government loan files.

Analyze complex tax returns and accurately calculate income.

Perform timely reviews of submitted conditions and loan resubmissions.

Input data and notes into the Encompass loan system.

Maintain quality and production standards as set forth by management.

Effectively communicate, orally, in writing, and via email, the decisions reached as to maintain positive working relationships with coworkers and customers.

Other duties may be assigned.

Qualifications

Desired Competencies:

Government underwriting experience; CHUMS and/or SAR ID.

Superior knowledge of and experience with property and credit underwriting requirements of FNMA, FHLMC, FHA and VA, as well as other loan programs and private mortgage insurance companies.

Excellent written and oral communication skills.

Superior analytical, organizational and problem solving abilities.

Ability to work independently, analyze data, take and recommend appropriate actions with minimal supervision.

Capability of working in a fast-paced environment, under pressure and meet time-sensitive deadlines, all while maintaining a high level of professionalism.

Desired Education/Experience:

High School diploma or equivalent.

Five or more years' mortgage underwriting experience.

Current experience underwriting VA mortgage loans.

Direct Endorsement (DE) and/or LAPP/SAR certifications.

Other Duties: This job may require frequent sitting or standing for long periods of time. This job profile is not intended to be an all-inclusive list of job duties and responsibilities, as one may perform additional related duties as assigned in order to meet the needs of the organization.

Work Authorization: Must be able to verify identity and employment eligibility to work in the U.S.

Physical Demands: 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. Must be able to lift up to ten pounds. Primary functions require sufficient physical ability and mobility to work in an office setting; to stand or sit for prolonged periods of time; to occasionally stoop, bend, kneel, crouch, reach, and twist; to lift, carry, push, and/or pull light to moderate amounts of weight; to operate office equipment requiring repetitive hand movement and fine coordination including use of a keyboard; and to verbally communicate to exchange information. VISION: See in the normal visual range with or without correction. HEARING: Hear in the normal audio range with or without correction.

[EOE/M/F/D/V. Drug-free workplace.]

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