Conventional Underwriter

Summary

Join JMAC Lending as a Conventional Underwriter and evaluate residential loan applications, ensuring compliance with investor, agency, and internal standards. You will meticulously examine loan documents, enter data into DU/LP systems, and uphold quality benchmarks. Collaborate with brokers, Account Executives, and Operations personnel, providing exceptional customer service. This full-time remote position offers competitive pay ($75,000-$86,000 annually) and a comprehensive benefits package. The ideal candidate possesses at least two years of recent underwriting experience with conventional loan products and a thorough understanding of FNMA/FHLMC and investor guidelines. Strong organizational, communication, and attention-to-detail skills are essential.

Requirements

• Possess recent underwriting experience with a variety of Conventional loan products for at least 2 years and be up-to-date with all the latest guidelines, policies, and procedures
• Ability to juggle multiple tasks in a dynamic, fast-paced environment while ensuring the highest quality standards
• In-depth understanding of all FNMA/FHLMC and investor guidelines
• Exceptional attention to detail, strong organizational skills, and excellent communication abilities
• Outstanding verbal and written communication skills are necessary to articulate complex issues clearly and gather insights from a diverse audience

Responsibilities

• Conduct a meticulous and precise examination of all loan documents, including the AUS decision report, credit report, various income sources including complex personal and business tax returns, assets, preliminary title report, appraisal, purchase agreement, escrow instructions, occupancy verification, and checks for red flags and potential fraud
• Enter data into DU/LP systems and execute the final AUS assessment
• Uphold the quality and production benchmarks established by management
• Review underwriter files and resolve conditions on loans with exceptional attention to detail and an urgent approach for the benefit of our customers
• Accurately input loan data and decisions into the current operating system
• Scrutinize transaction matrices and both internal and investor overlays to guarantee adherence to investor guidelines
• Implement and uphold fraud detection methods. Solicit additional information/documentation as needed and identify risk factors that may undermine the overall quality of the loan file
• Assist in resolving any pre-funding or post-purchase loan discrepancies by collaborating with the post-closing department to address any unresolved conditions or issues
• Communicate loan decisions clearly, either verbally or via email, in a professional and constructive manner to foster strong working relationships with coworkers and customers
• Maintain regular communication with brokers and sales personnel to ensure prompt responses to inquiries while exemplifying exceptional customer service skills

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