Jumbo Mortgage Underwriter
Company: Cornerstone First Mortgage
Location: San Diego
Posted on: April 9, 2021
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Job Description:
The Jumbo Mortgage Underwriter reviews, conditions, and
underwrites mortgage loans according to established policies and
procedures and appropriate guidelines; examines all documentation
for accuracy and completeness. Remote opportunities
available!Essential Functions:* Review all loan submissions
submitted by production and origination staff and generate initial
credit decision in accordance with FNMA, FHLMC, Non-Agency Jumbo,
Non-QM and other private investor guidelines as well as internal
overlays.* Ability to underwrite to multiple Non-Agency Jumbo
investors in a changing market and regulatory environment.*
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 Non-Agency Jumbo files.* Analyze complex tax
returns and accurately calculate income.* Identify key loan factors
impacting borrower eligibility, property eligibility and credit
qualification for complex or atypical financial profiles,
collateral and loan structures.* Perform timely reviews of
submitted conditions and loan resubmissions and complete credit
decisions for complex loans assumed from colleagues.* Identify and
summarize Exception loans for escalation to Team Lead and/or
Underwriting Manager for business decision.* 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 co-workers and retail
production staff members.* Ability to explain specific reasons for
negative credit decisions and recommend possible solutions.* Other
duties may be assigned.Requirements: * Non-conforming/Non-Agency
Jumbo underwriting experience.* Superior knowledge of and
experience with property and credit underwriting requirements of
FNMA, FHLMC, Non-Agency Jumbo, and other private investor
guidelines, 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.Bonus Structure:$25 per file decision for
IRRRL/Streamlines$50 per file decisions for Full Doc
Conv/FHA/VAJumbo/Non-QmBenefit Eligibility:Cornerstone First
Mortgage offers a comprehensive benefits package, including
medical, dental, and vision plans, 401k match after 6 months of
service, and paid time off.Equal Employment Opportunity:Cornerstone
First Mortgage is proud to be Equal Opportunity Employers committed
to creating a diverse and inclusive workforce. We consider all
qualified applicants without regard to race, religion, color, sex,
national origin, age, sexual orientation, gender identity,
disability, veteran status, or other legally protected
classifications.Powered by JazzHR6tQOeeAhre
Keywords: Cornerstone First Mortgage, San Diego , Jumbo Mortgage Underwriter, Other , San Diego, California
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