Plaza Home Mortgage has a job for you.

 

Job Details


Underwriting


National Underwriter  ,   Posted: 9/3/2019
Job Description

Job ID#:

371

Job Category:

Underwriting

Position Type:

Employee


Details:

Plaza Home Mortgage, Inc., a national wholesale mortgage company headquartered in San Diego, California, has a full-time opportunity for a Remote National Underwriter with our Corporate Office.
 
Founded in 2000, Plaza Home Mortgage, Inc. is a privately owned, full-service national lender, offering Wholesale, Correspondent, Renovation and Reverse residential mortgages. Headquartered in San Diego, California, Plaza maintains a network of Operations Centers and employs mortgage associates nationwide. Plaza is dedicated to building quality, long-term relationships with its mortgage broker and correspondent clients by offering comprehensive programs and exceptional customer experience.
 
Our ideal candidate should be hardworking and maintain high levels of professionalism and ethics.
 
PRIMARY PURPOSE OF JOB AND CONTRIBUTION TO ORGANIZATION:
This position is responsible for the overall credit quality, loan file documentation, and performance of underwriters in the branches they support. The National Underwriter works closely with branch underwriters, Team Leads, UW Managers, and Regional Managers, as well as Plaza QC and QA Departments to ensure product quality meets or exceeds Company expectations.
         
ESSENTIAL TASKS AND RESPONSIBILITIES: 
Must comply with all BSA/AML requirements as well as any mandatory changes. The following job functions are not all-inclusive. The associate will be required to perform other job-related tasks/responsibilities requested by the manager.  Job duties may change as required by needs of company.  Must complete all required industry and compliance training as required by Plaza Home Mortgage.
  1. Coordinate closely with branch underwriters, Team Leads, UW Managers, Regional Managers, as well as Plaza QC and QA Departments to ensure product quality meets or exceeds Company expectations.
  2. Provide mentoring to assist in the development of functional, communication and leadership skills of Level 5, Team Lead and UW Managers within assigned region.
  3. Coordinate monthly meetings with Level 5, Team Lead and UW Managers to review loan quality trends and performance.
  4. Work productively with Corporate Underwriting and SVP, Chief Underwriter.
  5. Provide training on new products and guidelines, from a corporate standpoint to all Plaza underwriters, Team Leads, UW Managers and Regional Managers.
  6. Work closely with Plaza’s QC and QA departments on quality issues and relaying that information to all underwriting personnel and Region management.
  7. Track and report on audits performed by Plaza, agencies or aggregators to ensure all federal and agency regulations have been followed by underwriting staffs.
  8. Monitor underwriting authority levels, approving changes in level requests and track progress & performance of branch underwriters.
  9. Provide accurate and timely responses to the Plaza National Underwriting email box.
  10. Analyze and evaluate consumer home loan applications and the supporting documentation to assess borrowers' creditworthiness.
  11. Recommend credit decisions and provide written documentation of those decisions within the LOS.
  12. Demonstrate leadership qualities and be a resource to others on questions related to Underwriting.
  13. Provide training and mentoring to Plaza Underwriting staff in assigned region.
  14. Second sign decisions and approve/deny exception requests presented to National Underwriting email inbox.
  15. Underwrite, when required, one or all of the following loan types; Conventional, FHA, FHA203k, VA and USDA loans.
  16. Evaluate risk to ensure a prudent decision is made.
  17. Partner with sales and regional management to ensure mortgage applications are originated efficiently and in compliance with all Plaza Home Mortgage regulatory requirements, especially as it pertains to Underwriting.
  18. Monitor origination reports for the purpose of identifying negative credit quality and/or loan performance trends.
  19. Create, implement, monitor and report on internal quality control initiatives, initiating corrective action when necessary.
  20. Establish a regular feedback process that provides the SVP, Chief Underwriter with consistent, meaningful feedback on credit quality issues found in internal and external audits and reviews.

Job Requirements:

QUALIFICATIONS:
  • High school diploma or equivalent (a college degree is preferred)
  • Recent underwriting experience in the mortgage industry and knowledge of the sales of mortgage loans into secondary market
  • Working knowledge of loan program products and services, policies, and requirements of a HUD regulated lending institution; the ability to understand and make recommended changes to Standard Operating Procedures
  • Familiarity with state and federal regulations are required as well as a solid understanding of:  HMDA, Regulation Z, Regulation B, the FHLMC, FNMA, FHA rules and processes
  • Excellent written, verbal, and interpersonal communication skills essential
  • Exceptional attention to detail
  • Capability of prioritizing work in fast-paced environment with heavy volume of transactions as well as be able to meet and handle deadlines
  • Solid commitment to customer and associate service
  • Outstanding organizational, problem-solving and independent judgment skills essential to make quick decisions within written policy and standard operating procedures
  • Proven aptitude to work in both a team and individual environment
  • Proficiency with computer systems including MS Office (Word, Excel, and Outlook), Internet Browsers, Strong attention to detail, and ability to efficiently and consistently produce accurate work
CORE COMPETENCIES:
  • Risk Taking
  • Teamwork
  • Understanding Motivation
  • Decision Making
  • Adaptability
Plaza offers a great work environment. Plaza is an EEOC employer and follows all federal, state, and local laws relating to fair employment.
 
Plaza Home Mortgage, Inc. is committed to preventing, stopping and remedying all forms of discrimination that occur in its workplace. Managers are accountable for keeping Plaza’s workplace free from discrimination and ensuring that Plaza provides equal employment opportunity for all in the workforce and for those seeking to become members of Plaza’s workforce.
 
Plaza’s employees are protected by laws designed to protect employees from discrimination on the bases of race, religion, color, sex, pregnancy, gender identity, sexual orientation, parental status, national origin, age, disability, family medical history or genetic information, political affiliation, military service, or any other non-merit based factor. These protections extend to all management practices and decisions, including recruitment and hiring practices, appraisal systems, promotions, and training and career development programs. Plaza’s employees are also protected against retaliation if they engage in a protected activity, whistleblowing, or the exercise of any appeal or grievance right provided by law.




 

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