Wholesale Jumbo Underwriter - Remote Job at Benchmark Corporate HQ , Plano, TX

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  • Benchmark Corporate HQ
  • Plano, TX

Job Description

Description

Position Overview:

The Wholesale Jumbo Underwriter reviews and underwrites Jumbo and Non-QM mortgage loan applications and property appraisals and evaluates the loans to minimize risk or loss within regulatory guidelines.

 

Ideal candidates for this position will be experienced underwriting Jumbo and Non-QM loans, highly detail-oriented, and familiar with loan program guidelines.

 

Essential Functions of the Role:

  • Analyze and underwrite Jumbo and Non-QM mortgage loans within compliance guidelines and approved seller variances.
  • Manage loan conditions and provide recommendations for underwriting waiver and eligibility exceptions.
  • Communicate with loan originators and processors regarding loan status, approvals, suspensions, denials, and conditions.
  • Maintain a pipeline of loans adhering to posted service level agreements.
  • Remain current on loan program requirements and review documents for compliance.
  • Other duties as assigned.

 

Classification: Full Time, Non-Exempt

 

Essential Knowledge/Skills/Abilities:

  • Knowledge of regulatory requirements (RESPA, TILA, etc.)
  • Strong communication skills
  • Excellent organizational skills
  • Highly detail-oriented
  • Ability to work across organizational boundaries
  • Strong decision making skills
  • Advanced problem solving capabilities
  • Strong critical thinking skills
  • Proven ability to prioritize and multi-task
  • Understanding of Government Loan Programs

 

 

Experience Requirements:

  • Minimum of five (5) years of mortgage underwriting experience required.
  • Minimum of three (3) years of underwriting Jumbo and Non-QM loans with complex income analysis required.
  • National bond program experience preferred.

 

Education / Licensing Requirements:

  • High school diploma or equivalent required. Some college preferred.

 

Working Conditions:

  • Fast-paced environment.
  • Requires normal vision (corrected) both close and distant.
  • Requires normal hearing levels (corrected).
  • Requires working at a desk to use a phone and computer for extended periods of time.
  • Requires sitting, bending.
  • Works effectively with frequent interruptions.
  • Lifting requirements of 10 lbs. occasionally.
  • Minimal travel <5%.

Job Tags

Full time,

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