Mortgage Loan Underwriter - Remote

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Posted 12 days ago United States Salary undisclosed
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Job Description

Description:

Family First Funding LLC is a Mortgage Banker licensed in 25+ states. We offer a high level of expertise in mortgage banking services and offer superior service to our clients. Family First Funding LLC has been voted Top Mortgage Employer 6 years in a row.


Family First is not just our name … It's what we value!


Primary responsibility is to underwrite mortgage loan applications and issue loan approval / commitment according to Family First Funding LLC requirements. The underwriter is to ensure loan packages are compliant, sellable and insurable. The underwriter may also act as a mediator between FFF as lender and Investor; escalating to the Underwriting Manager when appropriate.


RESPONSIBILITIES INCLUDE AND NOT LIMITED TO:

  • Underwriting Conventional & Jumbo and Non-QM Loans in accordance with company overlays, policies and procedures outlined by Director of Operations
  • Underwriting Conventional, Jumbo and Non-QM Loans in accordance with all agency guidelines and Investor Overlays
  • Performing industry-standard underwriting activities (e.g. reviewing Income, assets, title, appraisal, loan application, etc.)
  • Accessing all risk factors of loan and ensure it meets guidelines
  • Reporting to Manager in regard to protocol and file escalation
  • Auditing all incoming loan information for file and reports discrepancies
  • Ensuring all tax, title, insurance and closing documentation is in place
  • Interfacing with borrowers, loan processors, loan officers and underwriting in an effective manner
  • Reviewing appraisals to ensure accuracy so the home is truly worth at least the purchase price on purchases and value on refinances
  • Maintaining, understanding and following lender / Agency / Investor guidelines
  • Underwriting to ensure all of loan factors meet particular loan guidelines
  • Maintaining dates in loan origination system pertaining to underwriting (as applicable)
  • Submitting mortgage loans to automated underwriting systems for approval within investor guidelines
  • Assuring all FINAL numbers and information is updated in file and system prior to issuing a clearance to close
  • Ensuring file compliance prior to closing being requested

The Underwriter shall engage in origination, producing and funding of mortgage loans only in the states or jurisdictions in which the Branch and Employee is licensed and/or in compliance with policies on referring loans to other Employer branches and origination centers.


Underwriter recognizes the right of Employer at any time, in its sole and absolute discretion and with or without notice, to change, modify or adopt new rules, policies, procedures, practices and regulations affecting the employment relationship and the operations of the business of Employer and the Branch.


At all times during the performance of services for the Employer, Employee shall strictly comply with and/or ensure that Employee complies with any and all applicable laws, rules, policies, procedures; practices, regulations and ordinances whether promulgated by federal, state or local authorities. Employer or others including, without limitation: the Employer's Employee Handbook; the Real Estate Settlement Procedures Act; the Equal Credit Opportunity Act; the Truth-In-Lending Act; the Fair Credit Reporting Act; the Home Mortgage Disclosure Act; prohibitions on the making of false, misleading or deceptive statements; prohibitions on quoting interest rates or other loan terms not then available in connection with financing programs offered by lenders through Employer; loan origination, compliance and lender policies, the provisions of this agreement and similar requirements, all as may be in effect from time to time (together referred to as Law hereinafter).


Wages & Benefits:

Full time salary - remote position

Medical, Dental, Vision, Company Paid Life Insurance, 401K (company match up to 2%)


Family First Funding LLC is an Equal Opportunity Employer, drug free workplace, and complies with ADA regulations as applicable.


All applicants are considered for all positions without regard to race, religion, color, sex, gender, sexual orientation, pregnancy, age, national origin, ancestry, physical/mental disability, medical condition, military/veteran status, genetic information, marital status, ethnicity, alienage or any other protected classification, in accordance with applicable federal, state, and local laws. By completing this application, you are seeking to join a team of hardworking professionals dedicated to consistently delivering outstanding service to our customers and contributing to the financial success of the organization, its clients, and its employees. Equal access to programs, services, and employment is available to all qualified persons. Those applicants requiring accommodation to complete the application and/or interview process should contact a management representative.]



. Requirements:


  • 3+ years Experience in Mortgage Loan Underwriting Jumbo/Non-QM, Conventional and/or FHA/VA Loans
  • 3+ years of FHA/VA, Conventional, and USD/RD underwriting experience
  • Experience with underwriting to multiple lender guidelines and requirements
  • Knowledge of Fannie Mae/DU and Freddie Mac guidelines and automated underwriting systems
  • EnCompass experience a MUST


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