Job Details


Underwriting


Jr. Underwriter  San Diego, CA  Posted: 2/19/2020
Job Description

Job ID#:

373

Job Category:

Underwriting

Position Type:

Employee

Shift:

1


Details:

Plaza Home Mortgage, Inc., a National Wholesale Mortgage Company Headquartered in San Diego, California, has a full-time opportunity for a Jr. Underwriter with our San Diego, California Wholesale Branch.
 
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.
 
PRIMARY PURPOSE OF JOB AND CONTRIBUTION TO ORGANIZATION:
Responsible for assisting the Senior Underwriters in set-up and review of residential loan file documents. May sign off on underwriting conditions that are both non-credit and credit-qualifying, depending upon lending authority. Junior Underwriters will be assigned Lending Authority levels by Corp Underwriting.  Levels are I - II.
 
*Must be local*
 
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. Knowledge of FNMA, and FMLMC documentation and general guidelines/standards
  2. Experience with FHA, VA and USDA is preferred, but not required
  3. Proficiency with DU/DO, LP, FHA Connection, and USDA GUS also preferred, but not required
  4. May sign off on underwriting conditions within authority (lending authority to be approved by Corp Underwriting)
  5. Perform accurate data validation of file and update system of record, certifying system data integrity
  6. Acts as a liaison by communicating loan decision and conditions to CSRs, Brokers and Correspondent clients
  7. Review Government Insuring Disclosures
  8. Run and review quality control tools – i.e. FraudGuard and Early Check
  9. Run credit as required
  10. May test for and receive Level I/II Underwriting Authority for the following tasks:
    • Perform mortgage credit analysis, with or without the assistance of an AUS system for Conventional loans, to determine borrower’s willingness and ability to repay the mortgage
    • Review credit documents for completeness and accuracy
    • Perform detailed review of appraisal for one-to-four family residential properties to determine acceptability of security for sale to Fannie Mae and Freddie Mac as well as loans sold to investors
    • Partner with Sales to ensure mortgage applications are originated efficiently and in compliance with all Plaza Home Mortgage regulatory requirements, especially as it pertains to Underwriting
  11. Complete required worksheets – i.e. Pre-Closing Checklist
  12. Assist in resolving branch post closing investor suspense issues
  13. Other duties as assigned

Job Requirements:

QUALIFICATIONS:
  • High school diploma or equivalent required; College degree preferred
  • Previous Underwriting experience required to be eligible for Level I underwriting authority
  • Good grasp of basic underwriting documentation and the qualifying requirements
  • Experience with (AUS) automated underwriting systems
  • Time management and organization skills essential to effectively prioritize multiple objectives and achieve volume goals
  • Knowledge of paperless file environment and image software repository
  • Proficiency with computer systems including MS Office (Word, Excel, and Outlook), Internet Browsers, and email functions required
 
 
CORE COMPETENCIES:
  • Achievement Oriented
  • Analytical Thinking
  • Attention to Detail
  • Client Focus
  • Gathering and Processing
  • Interactive Communication  
  • Legislation Policies
  • Results Management
  • Stress Management
  • Using IT
 
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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