[Remote] Sr. Underwriter (FHA/VA)

Note: The job is a remote job and is open to candidates in USA. Plaza Home Mortgage, Inc. is a privately owned, full-service national lender, offering various residential mortgage services. The Sr. Underwriter (FHA/VA) is responsible for analyzing and evaluating consumer home loan applications to assess Borrower’s creditworthiness and making lending decisions based on established guidelines.

Responsibilities

• Perform mortgage credit analysis, with or without the assistance of an automated underwriting system to determine Borrower’s willingness and ability to repay the mortgage debt
• Knowledge of FNMA and FMLMC documentation and general guidelines/standards
• Validate loan application and supporting documentation and verify that the system of record reflects correct information. Update system of record when required
• Review and validate: income, asset, credit, title, value, and fraud reports
• Ensure all required property information is in system
• Look over all loans to substantiate that they meet Plaza’s underwriting guidelines
• Pull credit report as required
• Confirm government required documents are complete and accurate
• Review title information and purchase contract, if applicable
• Run and review quality control tools –i.e. FraudGuard and Early Check
• Run, review, and interpret DU/LP/GUS/TotalScoreCard, when applicable
• Document system with all dates and information
• Certify system data integrity
• May underwrite one or all of the following loan types: Conventional, Jumbo, FHA, 2013k, VA, and USDA based on lending authority levels (underwritten loans must meet all quality standards established by Plaza, Fannie Mae, Freddie Mac, FHA, VA, and USDA)
• Maintain production standard goals as established by management
• Ability to act as FHA DE, and/or VA Automatic and SAR Underwriter
• Order and review MI based on loan program. Ensure that system of record matches MI certificate
• Approve/deny loans and update the system accordingly with P.A.C.E comments
• Re-underwrite loans when additional information has been received
• May be asked to second sign loan decisions for lower level authority underwriters
• May occasionally be required to provide training for and mentoring to Junior
• Underwriters and newly hired Senior Underwriters
• Answer and research general underwriting scenario and guideline questions via email and phone
• Complete all required underwriting worksheets and checklists - i.e. Income
• Worksheet, QM/ATR checklist
• Assist in resolving branch post-closing suspense issues
• Must be able to evaluate and analyze complex income tax returns to establish qualifying income
• Other duties as assigned

Skills

• Recent Underwriting experience in the mortgage industry is a must
• Experience with FHA, VA, or USDA is required
• Thorough grasp of state and federal regulations is required as well as a solid understanding of: HMDA, Regulation Z, Regulation B; the FHLMC, FNMA, FHA rules and processes
• Experience with Loan Origination Systems such as DataTrac
• Knowledge of paperless file environment and image software repository
• Proficiency with computer systems including MS Office (Word, Excel, and Outlook) and Internet Browsers
• Genuine commitment to customer service
• Solid organizational and problem-solving skills
• Proven aptitude to work in both a team and individual environment
• High school diploma or equivalent required; College degree preferred
• Experience with (AUS) automated underwriting systems
• Working knowledge of loan program products and services, and policies essential

Benefits

• Medical
• Dental
• Vision
• Life
• Pet insurance
• 401(k)
• Employee friends and family loan
• Employee assistance program that includes a variety of discounted services

Company Overview

• Plaza Home Mortgage, Inc. is a company providing Wholesale Lending, Correspondent Lending, Mini Correspondent, and Reverse Mortgages It was founded in 2000, and is headquartered in San Diego, California, USA, with a workforce of 501-1000 employees. Its website is http://www.plazahomemortgage.com.

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