Job Details


Senior Non-Agency / Non-QM Underwriter  ,   Posted: 10/2/2019
Job Description

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Plaza Home Mortgage, Inc., a national wholesale mortgage company headquartered in San Diego, California, has a full-time opportunity for a remote Senior Non-Agency / Non-QM Underwriter with our Corporate National Underwriting team.
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.
Responsible for the underwriting of non-agency and non-QM loans as well as reviewing supporting documentation to assess borrowers' creditworthiness and ability to repay the mortgage obligation. Supporting documentation to include, but not limited to, credit reports, income documentation, asset documentation, appraisals and collateral reports, fraud prevention tools and any other documents necessary to render a decision.
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. Ability to manually underwrite complex transactions to ensure the loan meets established underwriting guidelines.
  2. Compute income and debt ratio calculations following program guidelines and ability to repay requirements.
  3. Perform mortgage credit analysis with or without the assistance of an automated underwriting system and ensure lending decisions follow company guidelines and policies.
  4. Perform detailed analysis and review of appraisal for one-to-four family residential properties to determine acceptability of security for loan programs offered by Plaza.
  5. Review loan documents for accuracy and consistency and address discrepancies as necessary.
  6. Issue loan decisions to our business partners in a clear and concise manner.
  7. Document decisions via loan origination platform and complete all final loan decision forms as required.
  8. Provide exceptional customer service to both our internal and external customers, including but not limited to answering loan specific questions on non-agency programs and reviewing program requirements within established SLAs.
  9. Maintain production goals & standards in accordance with established SLAs and production metrics.
  10. Provide mentoring, training and second signature on loans for underwriters attaining increased level of authority to include non-agency / non-QM loans.
  11. Other duties as assigned.

Job Requirements:

  • High School Diploma
  • Recent manual underwriting experience in the mortgage industry.
  • Proficient with self-employed income calculations and guidelines
  • Minimum 4 years residential underwriting experience
  • Non-agency underwriting experience preferred
  • Expertise in FNMA/FHLMC lending a must
  • Strong attention to detail
  • Excellent problem-solving skills
  • Strong interpersonal and communication skills a must
  • Ability to work in a fast paced environment
  • Achievement Orientation
  • Analytical Thinking
  • Attention to Detail
  • Client Focus
  • Gathering and Processing
  • Interactive Communication
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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