The Underwriter is responsible for managing a loan pipeline and underwriting complex government and conventional loan applications. They must ensure all loans conform to investor guidelines while maintaining high standards for quality, productivity, and internal relationships.
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 is responsible for underwriting complex loan applications and managing an assigned loan pipeline. Additionally, a person in this position is responsible for:
Ensures loans 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), assets and credit/liabilities documentation.
Calculating simple and complex income types.
Ensuring loans within the 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 reports directly to an Underwriting Manager.
Required Experience:
Current VA SAR Designation
2+ years of new mortgage 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.
Preferred Experience:
2- 3 yrs of Ellie Mae Encompass Loan Origination System Experience
Microsoft Excel proficiency
Expectations:
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.
Workplace Requirements:
Able to navigate a standard office environment (remotely and/or in office)
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