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in Santa Ana, CA

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Hours Full-time, Part-time
Location Santa ana, California

About this job

Job Description

Candidates in this job are responsible for assessing the overall credit risk of loan transactions by thorough analysis of all loan components for residential loan applications. Components include: AUS decision report, credit report, all sources of income, type of loan, appraisal report, assets, debt to income ratios, occupancy, preliminary title report and fraud detail reports.

Desired Skills & Experience

  • Strong computer skills; Proficient with Microsoft Word, Excel, Power Point, Outlook
  • Five or more years recent Conventional (Fannie / Freddie) underwriting experience.  
  • Experience handling multiple investors.
  • The ideal candidate will possess excellent communication and organizational skills.
  • DE - CHUMS / VA - SARS - Preferred but not required

Responsibilities

  • Ability to review all loan components in the file for completeness, accuracy and integrity while ensuring that documents are consistent and uphold to Company and industry guidelines. (i.e. Qualifying income used is supported by documentation provided; Appraised value used is supported by appraisal)
  • Examine transaction and investor manual to ensure compliance with all investor guidelines.
  • Implement and enforce fraud detection techniques-Request supplemental information/documentation as necessity dictates.
  • Underwrite loan application within limits of credit authority based on capability to underwrite transactions involving varying levels of complexity and risk.
  • Recognize risk factors that may compromise the overall quality of the loan file.
  • Effectively communicate an engage proactively with loan officers, processors, funders and post-closers in regards to loan decisions, assignment of loan conditions and possible loan scenarios.
  • Recognize types of documentation required for varying or unique circumstances. (e.g. Self-Employed borrowers, title report issues, derogatory credit and non-traditional income sources, etc.)
  • Aid in the resolution of pre-purchase loan deficiencies by assisting the post-closing department in making necessary file corrections as well as retrieving loan suspense conditions.
  • Execute loan decisions and review loan conditions in a timely manner. Expected production level is 2-3 underwriting decisions per day.
  • Assist team manager in assessment and attainment of team productions goals.
  • Be available as a consultant to loan officers and processors to field questions pertaining to new and/or hypothetical loan scenarios, underwriting guidelines and documentation requirements.

Company Description

Statewide Funding Group is a mortgage banker based in Ontario, California with 11 branch locations throughout Southern California. Our mission is to provide superior customer service, quality products and great pricing in order to guarantee that the client has a positive experience when obtaining a mortgage loan.

Our processing and operations staff is filled with high quality, long term employees who thrive in our positive work environment. Our business model is simple and straight forward, we provide NMLS licensed loan originators a platform that they can excel in. NMLS # 1105497.