Jumbo Scenario Desk Sr. Underwriter

Responsibilities

• Responsible for evaluating and assessing the risk of Prime, Jumbo & Non-QM mortgage loan scenarios to ensure they meet company policies, investor guidelines, compliance, and industry regulations.
• Serve as the primary point of contact for the scenario desk, addressing inquiries encompassing a wide range of topics, including:
• Responding to asset-related questions
• Clarifying occupancy-related issues
• Title, Appraisal and Insurance questions
• Provide upfront Income analysis for the following:
• Wage/Salary
• Self-employment
• RSDC
• SCR calculations
• Asset Depletion
• Bank statement
• Other variable types of Income
• Work with Product development on Program offerings and launches.
• Handle Investor updates.
• Manage Program matrices and Sales support tools.
• Train Sales partners and underwriting department on Investor programs.
• Communicate to Sales/Team members Income analysis results.
• Log and track all income review requests.
• Support Underwriting, Credit Policy and Product Development with tasks that arise surrounding the scenario desk including (but not limited to):
• Investor relations
• Collaboration with other departments
• Aid Team Lead with tasks surrounding the scenario desk including (but not limited to):
• Facilitating the preparation of Exception requests received upfront on the inbox to review prior to escalating to Team Lead to ensure loan parameters meet general guideline requirements aside from variance outside guides being requested
• Help develop resource tools to increase productivity and proficiency
• Triage and escalate difficult/advanced questions to Team Lead
• Train on and increase knowledge of loan programs, to provide additional scenario coverage on desk for the following programs:
• DSCR (Debt Service Coverage Ratio)
• Bank statement programs
• Asset depletion programs
• NON-QM products
• Jumbo products
• New products that are rolled out on new Investor loan programs

Qualifications

• At least 5 years of Prime, Jumbo, NON-QM and Conventional underwriting experience.
• Strong proficiency in Microsoft Office (Outlook, Word, Excel, One Drive) and Adobe Acrobat, navigating the internet, and generally tech savvy.
• Knowledge of Investor guidelines and overlays.
• Meeting company turn times and metrics.
• Navigate multiple Investor portals.
• Meticulous with a focus on accuracy, demonstrating extreme attention to detail and critical thinking.
• Demonstrate a history of effective, proactive, and precise verbal and written communication.
• Demonstrate organizational skills and ability to prioritize, multi-task, manage time, problem solve, and work independently in a fast-paced environment.
• Initiative-taking attitude towards learning and staying updated on industry standards and development.
• Professional, friendly, courteous, positive, collaborative, and client-centric that supports multiple departments.

Preferred Qualifications

• Jumbo & Non-QM experience preferred.
• Experience with MD (Mortgage direct).
• Experience with triaging and prioritizing tasks effectively.

Preferred Education

• High School Diploma or Equivalent.
• Five (5)+ years of underwriting conventional underwriting experience in a Correspondent environment.

Pay and Benefits

• The expected salary range for this position is between: $100,000.00 - $147,200.00.
• The actual compensation will be determined based on experience and other factors permitted by law.
• We also offer a benefits package that includes:
• Competitive pay
• Benefits Offered: Medical, Dental, Vision, Life, Disability, Critical Care, Hospitalization, HSA, FSA, DCFSA and QTERetirement plan: 401(k) and Roth
• Paid Time Off: 16 days front loaded. Prorated based on the start date month
• 11.5 paid holidays per year
• Employee assistance program
• Excellent career growth opportunity
• Fun, team-focused working environment
• Employee driven community outreach program
• Relocation packages available