Plaza Home Mortgage, Inc. has a job for you.
Since 2000, Plaza Home Mortgage has been leading the way and doing it right. We're a powerhouse brand with strong national recognition, and here to stay. From wholesale to correspondent, as well as reverse mortgage and renovation lending - Plaza is dedicated to quality long-term relationships and helping our clients grow their business.
We offer very competitive compensation plans; comprehensive medical, dental and vision benefits; dependant care flex spending and Health Savings Accounts; company paid and optional life and disability insurance; 21 days Paid Time Off; paid time away for volunteer work and community outreach; wellness cash incentives; 401(k) with company matching and more.
Want to learn more? Drop us a line at WeAreHereForYou@plazahomemortgage.com or call us at toll free: 866.260.2529. Thanks!
Job Details
Underwriting
Level 1 Underwriter , Posted: 12/29/2020
Job Description
Job ID#:
542
Job Category:
Underwriting
Position Type:
Employee
Details:
Plaza Home Mortgage, Inc., a national wholesale mortgage company headquartered has full-time opportunities for Level 1 Underwriters to train and join our Westcoast, Midwest, and East Coast Divisions!
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:
After attending and passing a 4-6 week instructor-led training course for new hires with no prior underwriting experience, the associate will be responsible for the review of residential loan file documents. This associate will sign off on underwriting conditions that are both non-credit and credit-qualifying, depending upon lending authority.
ESSENTIAL TASKS AND RESPONSIBILITIES: 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 complete the training class and second review process.
2. Ability to meet production requirements within 90 days post training.
3. Knowledge of FNMA, and FHLMC documentation and general guidelines/standards.
4. Understanding the process cycle of a loan from origination through closing.
5. Use of AUS scoring engines and interpreting findings.
6. How to sign off on underwriting conditions within authority (lending authority to be approved by Corp Underwriting).
7. Perform accurate data validation of file and update system of record, certifying system data integrity.
8. Act as a liaison by communicating loan decisions and conditions to CSRs, Brokers, and Correspondent clients.
9. Run and review quality control tools – i.e. FraudGuard and Early Check.
10. Assist in resolving branch post-cliosing issues, if applicable.
11. Loan Review and Analysis:
- Run credit as required and evaluate the credit report
- 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
- Complete required worksheets – i.e. Pre-Closing Checklist; Income Calc Worksheet
Job Requirements:
QUALIFICATIONS:
- College degree
- Good grasp of basic underwriting documentation such as paystubs and bank statements.
- Strong ability to grasp navigation in system applications (training provided on loan system)
- Time management and organization skills essential to effectively prioritize multiple objectives and achieve volume goals
- Solid math aptitude - Ability to retain and utilize loan calculations and paystub calculations (post training)
- Proficiency with computer systems including MS Office (Word, Excel, and Outlook), Internet Browsers, and email functions required
- Strong communication skills
CORE COMPETENCIES:
- Analytical Thinking
- Attention to Detail
- Client Focus
- Interactive Communication
- Initiative
- Action Oriented
- Quality Work
- Thoroughness
- 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.