Senior Underwriter

New American Funding (NAF) is a mortgage lender offering an array of loan options. Established in 2003 and headquartered in Tustin, CA, United States, Company Website: www.newamericanfunding.com

At New American Funding, we value culture and team dynamics that will be able to help you advance in your career, while you explore all the different technologies we offer. Were expecting this candidate to be able to make independent decisions and use their knowledge to make the right decision both for the borrower and for the organization.

Primary responsibilities include providing the thorough evaluation of credit and property documents in loan files, identify potential risks, and advise as to the appropriate decision of the file as it relates to approving, declining or suspending the loan based upon New American Fundings underwriting guidelines concerning borrower eligibility and investors requirements. Other duties include maintaining underwriting turn times, working with processors and loan officers to provide guidance on a case-by-case basis, and keep up with guidelines as set forth by Fannie Mae and Freddie Mac.

Responsibilities:

Review all loan submissions submitted by production and origination staff and generate initial credit decision in accordance with FNMA, FHLMC, Bond and other private investor guidelines as well as internal overlays.

Evaluate mortgage loan applications to determine eligibility, acceptability, and compliance with applicable state, federal and investor guidelines.

Perform credit and property analysis on conventional and government loan files.

Analyze complex tax returns and accurately calculate income.

Perform timely reviews of submitted conditions and loan resubmissions.

Input data and notes into the Encompass loan system.

Maintain quality and production standards as set forth by management.

Effectively communicate, orally, in writing, and via email, the decisions reached as to maintain positive working relationships with coworkers and customers.

Other duties may be assigned

Core Competencies :

Minimum 3 to 6 years of underwriting experience

Excellent command of the English language being fluent in spoken and written.

MS Office application suite (preferably Word, Excel & PowerPoint).

Conventional Underwriting Experience

Experience with Encompass 360

Current experience underwriting Conventional loans (Fannie Mae, Freddie Mac)

Superior knowledge of and experience with property and credit underwriting requirements of FNMA, FHLMC, as well as other loan programs and private mortgage insurance companies.

Excellent written and oral communication skills.

Superior analytical, organizational and problem-solving abilities.

Ability to work independently, analyse data, take and recommend appropriate actions with minimal supervision.

Capability of working in a fast-paced environment, under pressure and meet time-sensitive deadlines, all while maintaining a high level of professionalism.