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New American Funding · 1 day ago

Scenario Desk Underwriter

United States

Full-time

Remote

Mid, Senior Level

$110K/yr - $110K/yr

5+ years exp

New American Funding is a mortgage company seeking a Scenario Desk Underwriter to assist their Operations Team by restructuring problematic loans and making credit decisions. The role involves underwriting loans, providing income calculations, and ensuring compliance with investor guidelines while maintaining high customer service standards.

Financial ServicesLendingMortgage

Hiring Manager

Jessica Zazueta

Responsibilities

Respond to scenario questions posed by Loan Officers and processors

Provide income calculation for loan officers to ensure the income utilized in prequalification is accurate

Review and decision credit, income, asset and property documentation on designated loans for compliance and investor guidelines

Identify and work through alternatives with higher level Underwriter or Supervisor for loans that fall outside of guidelines

Demonstrate the ability to translate underwriting guidelines with application of mitigating factors, when applicable, to ensure proper salability to investors

Communicate both in writing and orally with investors, and loan officers, and processors

Research and comprehend complex investor guidelines

Recommend alternative loan structures when appropriate

Consistently meet established productivity and quality measurements on a consistent basis

Review tax returns for self-employed borrowers and determine viable income

Provide accurate and correct written correspondence to internal customers

Adhere to department turnaround standard of 24 hours

Other duties may be assigned

Qualification

Analytical skillsMortgage underwriting experienceFNMA guidelinesFHLMC guidelinesDecision-making abilityFHA guidelinesVA guidelinesDE certificationLAPP/SAR certificationAttention to detailOrganizational skillsCustomer service skillsCommunication skillsInterpersonal skills

Required

Must have strong customer service skills, excellent communication skills (verbal and written)

Must demonstrate strong attention to detail, strong analytical skills and sound decision-making ability

Must demonstrate interpersonal skills with the ability to interact with other departments and third parties in a professional manner

Must demonstrate the ability to manage multiple priorities and meet deadlines in a fast paced, high volume work environment with proven follow up and organizational skills required

Superior knowledge of and experience with property and credit underwriting requirements of FNMA, FHLMC, FHA and VA, as well as other loan programs and private mortgage insurance companies

Excellent written and oral communication skills

Superior analytical, organizational and problem-solving abilities

Ability to work independently, analyze data, take and recommend appropriate actions with minimal supervision

Capability of working in a fast-paced environment, under pressure and meet time-sensitive deadlines, all while maintaining a high level of professionalism

High School diploma or equivalent

Five or more years' mortgage underwriting experience

Current experience underwriting VA mortgage loans

Direct Endorsement (DE) and/or LAPP/SAR certifications. (Prefer a fully designated underwriter)

Must be able to verify identity and employment eligibility to work in the U.S