JMAC Lending is expanding operations and seeking an experienced Non-Conforming Mortgage Underwriter. This position is responsible for the underwriting of agency, non-agency (both Manual amp; AUS), and Alternative Doc loans as well as reviewing supporting documentation to assess borrowers' credit worthiness and ability to repay the mortgage obligation. Supporting documentation to include, but not limited to, credit reports, income documentation, asset documentation, appraisals and collateral reports, fraud prevention tools and any other documents necessary to render a decision.
Key Responsibilities:
- Must comply with all BSA/AML requirements as well as any mandatory changes.
- Thoroughly and accurately analyze all loan documents, which include the following: AUS decision report, credit report, all sources of income including complex personal and business returns, assets, preliminary title report, appraisal, purchase agreement, escrow instructions, occupancy verification, red flags and fraud check.
- Extensive knowledge of complex tax returns including multiple businesses and multiple financed properties
- Able to handle multiple investors guidelines.
- Input data into DU/LP and run final AUS.
- Maintain quality and production standards as set forth by management.
- Underwriter files and clear conditions on loans with attention to detail as well as with a sense of urgency for our customers.
- Input loan data and decisions accurately into current operating system.
- Examine transaction matrix, internal, and investor overlays to ensure compliance with investor guidelines.
- Implement and enforce fraud detection techniques. Request supplemental information/documentation as necessity dictates. Recognize risk factors that may compromise the overall quality of loan file.
- Aid in the resolution of any applicable pre-funding or post purchase loan deficiencies by assisting the post-closing department in curing any outstanding conditions or concerns.
- Effectively communicate orally and/or via email all loan decisions rendered on files in a professional and positive manner to maintain strong working relationships with co-workers and customers.
- Maintain consistent communication with brokers and sales staff to ensure all questions are answered in a timely manner while demonstrating outstanding level of customer service skills.
Requirements
- Must have recent underwriting experience with all Conventional loan products for a minimum of 5 years and is current on all updated guidelines, policies, and procedures.
- Current jumbo, non-agency, and alternative document experience for at least 3 years.
- Must be able to multi-task in a fast-paced environment while maintaining a high level of quality.
- Extensive knowledge of all FNMA/FHLMC and investor guidelines.
- Strong attention to detail, organization, and communication skills.
- Communication skills, verbal and written, capable of expressing complex issues and soliciting input from a broad audience.
Benefits
- Health Care Plan (Medical, Dental amp; Vision)
- Life Insurance (Basic, Voluntary amp; ADamp;D)
- Paid Time Off (Vacation amp; Holidays)
- Retirement Plan (401k)
- Short Term amp; Long Term Disability
- Family Leave
- Wellness Resources
About JMAC Lending
JMAC Lending has been in business for more than 20 years. Servicing clients better with our innovative products, exceptional service, support and our dedication to helping our partners grow our business. The core of our culture and business approach is to go Beyond Current market options to be the go-to lender of choice for our clients. Our associates hold distinguished credentials and participate in continuing education, to ensure knowledge is carefully balanced with experience. Our company was built on our adherence to the highest ethical standards, while efficiently and carefully executing the delivery of product pricing for wholesale and correspondent lending for our clients.
JMAC Lending, Inc. is an Equal Employment Employer. We are committed to workforce diversity. Qualified applicants will receive consideration without regards to age, race, religion, sex, sexual orientation, gender identity or national origin.
DISCLAIMER: JMAC Lending is an evolving company. As such this job description is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed as assigned.