This description is a summary of our understanding of the job description. Click on 'Apply' button to find out more.

Role Description

This role involves providing 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 on New American Funding's underwriting guidelines.

• Review all loan submissions submitted by production and origination staff and generate initial credit decision in accordance with FNMA, FHLMC, FHA, VA, Bond and other private investor guidelines as well as internal overlays.
• 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 government loan files.
• Analyze complex tax returns and accurately calculate income.
• Perform timely reviews of submitted conditions and loan resubmissions.
• 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.
• Other duties may be assigned.

Qualifications

• Government underwriting experience; CHUMS and/or SAR ID.
• Superior knowledge of and experience with property and credit underwriting requirements of FNMA, FHLMC, FHA and VA, 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.
• High School diploma or equivalent.
• Five or more years' mortgage underwriting experience.
• Current experience underwriting VA mortgage loans.
• Direct Endorsement (DE) and/or LAPP/SAR certifications.

Requirements

• 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.