Icon hamburger
US
What job do you want?
Apply to this job.
Think you're the perfect candidate?
Apply on company site
Thumsup

You’re being taken to an external site to apply.

Enter your email below to receive job recommendations for similar positions.
Mh62dw65mvzswrtgg82

Mortgage Underwriter

American Financial Network, Inc Brea Full-Time
Apply on company site

American Financial Network, Inc. (AFN) is a unique force in the mortgage market. We are one of the nation’s largest privately held mortgage companies with the resources necessary to compete on a national level with the largest publicly held banks. AFN maintains speed to decision, responsive communication and flexibility through its private ownership and flat organizational structure. We are driven by a vision of being a market leader through creating the ultimate in customer service and being consistently better by always seeking new ways to improve.

The Underwriter underwrites mortgage loans ensuring compliance with appropriate company and secondary market investor standards. This position is responsible for evaluating loans in order to maximize organizational profit and minimize risk or loss, and examines loan documentation for accuracy and completeness. This position requires the employee to collaborate with loan originator or production staff to secure all required documents as well as work with multiple Non-QM and Jumbo investor’s pipelines and portals. The Underwriter has authority to withdraw and decline loans and the ability to validate income, asset and collateral documents including self-employed tax returns. The Underwriter may be involved in one or several types of mortgage lending (conventional, government-backed, etc.). Lending authority to include Conventional and government loan programs. Excellent phone and communication skills and a value of providing superior customer service experiences to internal and external customers is required.

POSITION-SPECIFIC RESPONSIBILITIES:
  • Minimum of 2 years working on Non-QM and Jumbo loans.
  • Review new loan files to ensure loan meets investor and program criteria.
  • Review transmittal & 1003 to make sure it is accurate and complete, compare to findings to verify that all information matches.
  • Review credit report and compare to liabilities on 1003. Verify the investor guidelines for outstanding derogatory items and requirement payment or satisfaction if needed. Request updated mortgage history if needed.
  • Calculate income using documentation required per investor, questioning any large changes in income. Knowledge of how to calculate Bank Statement and RSU income is a plus.
  • Review assets statements to compare to required assets. Require documentation and source for any recent large deposits.
  • Review title to verify our borrower has ownership on a refinance transaction and that the seller has ownership for purchase transaction. Check that chain of title meets investor requirements. Verify there are no unpaid liens or judgments and that all mortgage liens are being paid off through the transaction. Compare tax figures to 1003.
  • Review appraisal to ensure the value is supported and that the appraiser has provided complete accurate appraisal. Order value review on loans considered high risk.
  • Review file to make sure compliance has been met; regulatory, state compliance and federal (patriot act).
  • Calculate net tangible benefit for those states/programs that require this test
  • Verify that the rate lock matches the underwriting file with the correct program, LTV, credit score and pre-payment penalty.
  • Review final conditions turned in for Underwriting Final Approval within 24 hours.
  • Maintain current and fluid knowledge of investor and agency guidelines.
  • Must have experience working with multiple investors
  • Conventional and FHA experience required (applicant must have a CHUMS)
  • VA and USDA experience a plus

American Financial Network, Inc. (AFN) is an Equal Opportunity Employer, meaning we provide equal access and opportunity to anyone who qualifies for the position for which they apply, regardless of sex, race, age, color, religion, mental or physical disability, national origin, sexual orientation, gender identity and expression, and/or military status.

#CB1000

 

Recommended skills

Underwriting
Loans
Tax Return
Mortgage Loans
Refinancing
Liens
Apply to this job.
Think you're the perfect candidate?
Apply on company site

Help us improve CareerBuilder by providing feedback about this job: Report this job

Report this Job

Once a job has been reported, we will investigate it further. If you require a response, submit your question or concern to our Trust and Site Security Team

Job ID: 25647

CAREERBUILDER TIP

For your privacy and protection, when applying to a job online, never give your social security number to a prospective employer, provide credit card or bank account information, or perform any sort of monetary transaction. Learn more.

By applying to a job using CareerBuilder you are agreeing to comply with and be subject to the CareerBuilder Terms and Conditions for use of our website. To use our website, you must agree with the Terms and Conditions and both meet and comply with their provisions.

As one of the fastest growing mortgage bankers in the United States, we opened our doors in 2001 and have since expanded with many community based branches across the nation. Headquartered in Brea, CA, AFN built its reputation as an outstanding mortgage banking firm by serving the lending needs of real estate professionals, builders, and individual homebuyers throughout the United States.

View the full profile