Non-QM Mortgage Underwriter
Jet HomeLoans, LP is a National Mortgage Lender headquartered in Jacksonville, Florida. Jet HomeLoans focuses on providing its customers and business partners with the industry's best services.
Position Overview
An Underwriter I is responsible for underwriting complex loan applications and managing an assigned loan pipeline. Additionally, a person in this position is responsible for:
- Underwriting Conventional (Fannie Mae/Freddie Mac) Loans.
- Ensures loan approved are salable and conform to applicable investor and insurer guidelines.
- Keeping up with the most recent investor and insurer guidelines/programs.
- Adhering to company policy and procedures
- Analyzing borrower income (all income types), asset and credit/liabilities documentation.
- Calculating simple and complex income types.
- Ensuring loans within assigned pipeline close timely
- Ensure assigned company Key Risk Indicator (KRI) and Key Performance Indicator (KPI) metrics are met.
- Reviewing and solving complex loan issues
- Developing and cultivating great working relationships with sales, processing, underwriting, closing, secondary and compliance teams and leaders
- Researching and responding timely to internal Quality Assurance and Quality Control reviews
- Report material process and policy infractions/gaps to Underwriting Leadership.
- An Underwriter I reports directly to an Underwriting Manager.
- 2+ years of new mortgage loan origination processing or underwriting experience.
- Excellent working knowledge of FNMA, FHLMC guidelines
- Deep knowledge of federal and state laws (e.g., TRID, TILA, ECOA and HMDA)
- Sound technical skills with the aptitude to learn/navigate loan origination software and other technologies
- Able to write correspondence and to effectively present information to peers, borrowers and in some cases clients.
- Able to read and interpret various loan documents such as promissory notes, agency/investor and legal directives and other loan documents.
- Able to define problems, collect data, establish facts and provide information to resolve the situation.
- Able to work well under pressure, meet multiple and sometimes competing deadlines.
- Able to apply basic math; calculate figures and amounts such as discounts, interest, commissions and percentages.
- Basic computer skills required: word processing, email, and mortgage software.
- 2-3yrs of Ellie Mae Encompass Loan Origination System Experience
- Microsoft Excel proficiency
- Facilitate an excellent working relationship with internal and external customers by developing and maintaining respect, communicating effectively and providing excellent customer service.
- Maintain a high level of integrity, confidentiality and trust.
- Effectively problem solve by using judgment based upon knowledge of existing management policies and departmental practices and procedures.
- Meet established productivity, loan quality and task management standards.
- Ensure confidentiality of client records.
- Demonstrate a commitment to the Company Culture.
- Respond to phone calls and emails within the same workday.
- Able to navigate a standard office environment (remotely and/or in office)