Underwriter - PST jobs in United States
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The Money Store · 4 days ago

Underwriter - PST

positionUnited States
timeFull-time
remoteRemote
senioritySenior Level
date5+ years exp

The Money Store is seeking an experienced Mortgage Underwriter to work closely with the Underwriting Manager to ensure all loan files are complete, accurate, and meet company and regulatory guidelines. This remote position requires strong communication skills and technical proficiency in mortgage underwriting.

Consumer LendingLending

Responsibilities

Apply internal loan approval policies and investor guidelines during the underwriting process
Accurately calculate Loan-to-Value (LTV) and Debt-to-Income (DTI) ratios
Approve loans that meet company standards and document any conditions for closing
Outline all closing conditions to ensure compliance with applicable regulations and complete file documentation
Conduct a holistic evaluation of each borrower’s profile, assessing beyond isolated figures to understand the full credit picture
Collaborate with the Underwriting Manager to ensure consistency, compliance, and quality in underwriting decisions
Exercise sound decision-making discretion in complex or borderline cases
Ensure all required fields are filled and supporting documentation is included
Communicate clear conditions for approval
Work with processing and closing teams to ensure continued collaboration

Qualification

Mortgage Underwriting ExperienceDE CertificationDesktop Underwriter (DU)VA LAPP/SAR CertificationEncompass Loan Origination SystemCompliance StandardsHigh Level of IntegrityCommunication SkillsOrganizational SkillsProblem-Solving Skills

Required

Minimum of 5 years of mortgage underwriting experience with FHA, Conventional, and VA loan products
DE (Direct Endorsement) Certification required
Proven experience underwriting both manually underwritten and AUS (DU/LP) decisioned government loans
Proficiency with Desktop Underwriter (DU) and Loan Product Advisor (LP) required
Strong understanding of investor and agency guidelines, credit risk, and compliance standards
Demonstrated ability to collaborate effectively with sales teams, processors, and other operational partners
Strong communication, organizational, and problem-solving skills
High level of accuracy, integrity, and sound judgment in underwriting decisions
Must be capable of working independently in a remote and/or office environment
Candidates must be able to work standard business hours aligned with Pacific Standard Time (PST)

Preferred

VA LAPP/SAR Certification preferred
Experience with USDA loans preferred
Experience using Encompass Loan Origination System preferred

Company

The Money Store

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The Money Store has been a trusted mortgage brand for more than 50 years.
dateFounded in 1972
location
Florham Park, New Jersey, USA
people-size201-500 employees
web-link
https://www.themoneystore.com/

Funding

Current Stage
Growth Stage

Leadership Team

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David Zilberman
Chief Financial Officer (NMLS # 267276 Corp NMLS #1019)
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Jeff Carter
Chief Operating Officer
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Recent News

Yahoo Finance
Top NewRez/Caliber LO John Abraham departs for The Money Store
2024-04-07
HousingWire
The Money Store hires Coleen Bogle as chief marketing officer
2024-04-07
PR Newswire
The Money Store Welcomes Top 200 Originator John Abraham
2024-04-07
Company data provided by crunchbase