Mortgage Underwriting

Underwrite various types of mortgage loans per established company and investor guidelines. Major responsibilities include:

• Underwrite a full range of mortgage loans including conventional, government and jumbo loans.
• Provide credit/underwriting guidance to internal and external processing and sales staff.
• Ensure loans comply with all Federal, State, and local statutes. Ensure that loans meet investor and PennyMac standards.
• Meet all established quantity objectives while maintaining quality standards.
• Participate on research projects related to loan level and credit policy issues.

• Min 3 years of mortgage underwriting experience in a retail, wholesale or correspondent lending environment.
• Min 2 years experience underwriting borrowers with complex financial and income statements.
• Min 2 years experience preparing cash flows on trusts, partnerships, s-corporations and corporations.
• Active DE designation is a plus, but not required.
• Experience with government lending is a plus
• Experience working with automated loan origination systems.
• Proficiency with automated underwriting systems such as Desktop Underwriter and Loan Prospector.
• Functional knowledge of state and federal agency mortgage loan guidelines and regulations.
• Excellent written and verbal communication skills.
• Organized, highly detailed, with the ability to effectively prioritize workload and meet deadlines.
• College degree or comparable work experience preferred

PennyMac is an Equal Opportunity Employer