American Financial Network Job - 38904625 | CareerArc
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Company: American Financial Network
Location: Brea, CA
Career Level: Entry Level
Industries: Banking, Insurance, Financial Services

Description

The Jumbo Underwriter will be responsible for evaluating loan risk by making sound credit and property decisions per company underwriting guidelines and loan program parameters under Jumbo guidelines. The candidate will weigh all aspects of individual loan credit risk to ensure loans are originated meet secondary market guidelines and requirements and are eligible for purchase.

 

 

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Perform loan level assessments of Jumbo correspondent originations production and purchase conditions.
  • Special care to review cash, income, credit and property issues must be taken.
  • Meet posted Underwriting turn times.
  • Review Conditions and resubmissions within stated turn time for file.
  • Complete Underwriting checklist in every file reviewed.
  • Update Encompass accurately throughout the day to reflect the current disposition and decision date.
  • Communicate with operations staff in regards to conditions and requirements for loan purchase.
  • Identify underwriting errors in loan files and processes based on extensive knowledge/industry standards.
  • Observing business processes to ensure proper review of Jumbo production.
  • Communicating deficiencies to the affected business units and internal/external parties as needed.
  • Making recommendations to operations including internal/external clients for remediation on all deficiencies that were identified.
  • Assist in identifying loan quality trends and reporting to Jumbo Underwriting Manager or his/her designee.
  • Analyze loan submission documents for accuracy and completeness, updating systems as needed for loan purchase.
  • Assess the submitted credit, income and asset documentation to validate if meets agency and AFN guidelines/overlays.
  • Review and evaluate appraisals, as needed, to determine if collateral is acceptable per secondary market requirements.
  • Meet department expectations for both production and quality metrics.
  • Manage and perform multiple tasks accurately in a fast-pace environment.
  • Understand and follow all company's policies and procedures.
  • General knowledge of Mortgage Banking origination practices, procedures, regulations and laws.
  • Performs other duties as assigned.

 

 

SKILLS/KNOWLEDGE/ABILITIES:

  • Minimum of 3-5 years of current/recent Underwriting experience with jumbo/non-conforming loan products.
  • General knowledge of Mortgage Banking origination practices, procedures, regulations and laws.
  • Thorough knowledge of all Agency and market common underwriting requirements as it pertains to Jumbo lending.
  • Strong understanding of the operational responsibilities involved in the purchase and transfer of whole loan assets as it pertains to credit quality.
  • Skill in negotiating issues and resolving problems.
  • Excellent written and oral communication skills and presenting findings and recommendations.
  • Ability to establish and maintain working relationships with co-workers, staff and external contacts, and to work effectively in a professional team environment.

 

Compensation Range: $100,000 to $120,000

 

Job Location: Remote Position

 

What We Provide:

  • Benefits: Medical, Dental, Vision, Life
  • 401k
  • Vacation/Sick Days
  • Paid Holidays

 

Who We Are:

American Financial Network, Inc. (“AFN”) is a unique force in the mortgage market. We are one of the nation's largest privately held mortgage companies with the resources necessary to compete on a national level with the largest publicly held banks.  AFN maintains speed to decision, responsive communication and flexibility through its private ownership and flat organizational structure. We are a team of dynamic, visionary and opportunistic professionals that thrive on the utilization of teamwork and technology to outperform our competition. We are driven by a vision of being a market leader through creating the ultimate in customer service and being consistently better by always seeking new ways to improve.

 

We're Proud of our Accomplishments!

•             Top 100 Mortgage Companies in America 2019 by Mortgage Executive Magazine

•             50 Best Companies to Work For by Mortgage Executive Magazine

•             Top Mortgage Employer by National Mortgage Professional Magazine

•             Top 10 Mortgage Company in Customer Satisfaction 2019 by Social Survey

•             America's Fastest Growing Companies by Inc. 5000

•             Most Powerful Women in Mortgage 2019 and Women of Influence 2017 awarded to our EVP of Operations by National Mortgage Professional Magazine & Housing Wire Magazine

 

 

American Financial Network, Inc. NMLS #237341 is an Equal Opportunity Employer.

 


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