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Senior Mortgage Underwriter

Los Angeles, CA

Posted: 09/03/2020 Industry: Banking Job Number: Pay Rate: 85000.00 - 110000.00 per year (USD Full-time / Perm)

Job Description

Date Created : 9/3/2020 2:18:01 PM
Category : Banking
Location/City : CA - Los Angeles
Job Type : Full-time / Perm
Salary Range : 85000.00 - 110000.00 per year (USD Full-time / Perm)
Recruiter Name : Sean Pennel
Recruiter Email :

Responsibilities & Duties:

  • Underwrite Loan files according to portfolio and investor guidelines, and in Compliance with applicable regulations.
  • Review and verify all income & asset documentation, in accordance with internal Quality
  • Control procedures, and ensuring Ability to Repay standards are met.
  • Perform analysis of credit history and credit report, and conduct liabilities analysis.
  • Review and analyze Collateral documents, such as: Appraisal, Purchase Contract, Escrow Instructions and Property Inspection Report.
  • Run, read and interpret total Scorecard AUS results.
  • Perform analysis of complex tax returns, inclusive of individual and self-employed borrowers.
  • Prepare Loan approval memorandum and present loan strengths and weaknesses to individuals with approval authority.
  • Sign-off on Loan Conditions.

Job Qualifications/Requirements:

  • 10+ years of Residential Loan Underwriting Experience
  • Knowledge of Lending Compliance regulations, inclusive of: Regulations X (RESPA), Regulation Z, Regulation B, Fair Lending, HMDA Guidelines, among others
  • Experience with Investor and Portfolio Underwriting
  • Ability to underwrite complex financial situations, inclusive of entity tax returns
  • Quality Assurance experience
  • Excellent Verbal and written communication skills
  • Excellent Customer Service skills
  • Fraud review skills and experience
  • Knowledgeable with CFPB compliance standards
  • Knowledgeable with Fannie Mae & Freddie Mac Guidelines


  • Loss Mitigation Experience

Computer/Systems Knowledge Requirements:

  • Microsoft Outlook, Word, PowerPoint, Access, Excel: Intermediate/Advanced
  • Mortgage Bot: Basic
  • DU Fannie Mae: Advanced
  • LP Freddie Mac: Advanced
  • Processing: Advanced
  • Funding: Intermediate

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