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Mission Loans, LLC · 2 days ago

SAR Underwriter

United States

Full-time

Remote

Mid, Senior Level

$36/hr - $40/hr

2+ years exp

Mission Loans, LLC is seeking experienced mortgage professionals who thrive in a fast-paced environment. The Underwriter will evaluate and decision borrower qualification for mortgage loans, ensuring creditworthiness and compliance with standards while delivering exceptional customer experience.

FinanceFinancial ServicesProfessional Services

Responsibilities

Overall responsibility for (i) evaluation and decision of borrower qualification for a mortgage loan to ensure creditworthiness, (ii) ensuring compliance with company, agency, and investors standards, and (iii) delivering a best-in-class customer experience

Verify borrower loan application contains all necessary documentation, credit, and financial information; calculate qualifying ratios; identify borrower risk profile

Perform thorough analysis of borrower’s application such as: (i) income and expense data, (ii) asset documentation, (iii) credit reports, (iv) employment, (v) title and (vi) property valuations to affirm borrower stability, capacity to repay and qualification against company, agency and/or investor guidelines

Make and issue independent, compliant underwriting decisions detailing clear conditions necessary to clear the loan for closing

Partner with sales, customer relationship managers, and closers-funders to resolve problems, qualification issues, and clear conditions throughout the underwriting process

Manage underwriting pipeline queues (i.e., initial submissions, conditions, change requests, final approval) to deliver timely decisions that meet company-published service standards

Respond promptly to assist in resolving issues related to requests such as post-closing conditions, suspended loans, quality control audits, and investor audits/inquiries

Maintain current knowledge of company, agency, and investor underwriting guidelines and policies

Scenario support for production

Operate with a goal to meet and exceed internal and external customer expectations

Operate in a manner that promotes loan quality and compliance with lending laws

Maintain productivity and quality performance at or above required goals

Qualification

VA SAR certificationUnderwriting experienceAgency & investor guidelinesDesktop Underwriter (DU)Loan Prospector/LP/LPAAdvanced math skillsMicrosoft Office proficiencyProblem-solving skillsInterpersonal skillsTime management skillsAttention to detail

Required

Bachelor's degree preferred

2-5 years of underwriting experience in a high-volume mortgage setting

VA SAR certification

Thorough understanding of agency & investor underwriting guidelines, policies, and procedures

Extensive knowledge in the following loan programs/products: conventional, FHA, VA, refinance and purchase, a plus – jumbo and non-QM

Advanced/Extensive knowledge and responsibility for compliance with state and federal regulations applicable to loan fulfillment

Advanced math skills; adept at calculating income from salaried and self-employed borrowers, qualifying ratios, and other relevant loan calculations

Expert knowledge of Desktop Underwriter (DU) & Loan Prospector/Loan Product Advisor (LP/LPA)

Basic proficiency in Microsoft Office products (Excel, Word, PowerPoint, etc.)

Preferred

Experience in Loan Assumptions is a plus

Experience with Byte is a plus

Benefits

Bonus

Company

Mission Loans, LLC

Whether you’ve been dreaming of buying your first home with your young family or of diversifying your investment portfolio with real estate, you’re in the right place.

Irvine, California, USA

51-200 employees