Underwriter

CA - San Diego

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Position Summary:

The Junior Underwriter is responsible for assisting the Underwriter in analyzing and evaluating a consumer home loan application and the supporting documents to assess borrower’s credit worthiness and minimize risk or loss to the company.

Essential Job Duties and Responsibilities:

• Review the conditions added by the Underwriter at initial approval either as part of the partial conditions review process or final approval review process.
• Analyze credit reports, complex tax returns and financial statements, property appraisals, sales contracts, titles and associated documentation to determine credit worthiness of borrower
• Calculate income for all types of borrowers; analyze various sources of income
• Escalate possible red flags or possible misrepresentation to the manager.
• Provide feedback to management on workflow efficiencies between the underwriting and processing department.
• Maintain knowledge of current Conventional guidelines per Fannie Freddie agency guidelines or investor overlays.

Required Skills, Knowledge and Abilities:

• Minimum 3 plus years processing Experience or 1 year underwriting experience
• Knowledge of investor and agency guidelines and requirements
• Experience in working with Loan origination systems (Encompass experience a plus)
• Experience in running automated underwriting systems (DU or LP)
• Strong analytical skills
• Strong oral and written communication skills
• Strong mathematical and computer skills
• Proven organizational skills and demonstrated ability to prioritize and multi-task