[Hiring] Jumbo/Non-QM Underwriter @New American Funding

Role Description

Primary responsibilities include providing the thorough evaluation of credit and property documents in loan files, identifying potential risks, and advising on 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.

• Review all loan submissions submitted by production and origination staff and generate initial credit decision in accordance with FNMA, FHLMC, Non-Agency Jumbo, New American Funding 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 Credit 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 to maintain positive working relationships with coworkers and customers.
• Ability to explain specific reasons for negative credit decisions and recommend possible solutions.
• Other duties may be assigned.

Qualifications

• 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.

Requirements

• High School Diploma or equivalent.
• Five or more years' mortgage underwriting experience with Non-Conforming or Non-Agency Jumbo loans.
• Experience with Encompass 360.
• 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.