Underwriter - Mission Loans

Mission Loans is seeking experienced mortgage professionals who thrive in a fast-paced environment without losing focus on quality of work and delivering an exceptional customer experience. As an Underwriter, your primary mission is to evaluate borrower qualifications for mortgage loans, ensuring creditworthiness, compliance with company, agency, and investor standards, while delivering a best-in-class customer experience

PRIMARY DUTIES & RESPONSIBILITIES:

• Verify the borrower’s loan application to ensure it contains all necessary documentation, including credit and financial information; calculate qualifying ratios; and assess the borrower’s risk profile.
• Conduct a comprehensive analysis of the borrower’s application, including (i) income and expense data, (ii) asset documentation, (iii) credit reports, (iv) employment details, (v) title information, and (vi) property valuations. This ensures borrower stability, repayment capacity, and compliance with company, agency, and investor guidelines.
• Independently make and issue compliant underwriting decisions, clearly outlining the conditions required to approve the loan for closing.
• Partner with sales, customer relationship managers, and closers-funders to resolve problems, qualification issues, and clear conditions throughout the underwriting process.  
• Manage underwriting pipeline queues (i.e., initial submissions, conditions, change requests, final approval) to ensure timely decisions that meet the company's published service standards.
• Respond in a timely manner to assist in the resolution of issues related to requests such as post-closing conditions, suspended loans, quality control audits, and investor audits/inquiries.
• Maintain current knowledge of company, agency, and investor underwriting guidelines and policies.
• Scenario support for production.
• Operate with a goal to meet and exceed internal and external customer expectations.
• Operate in a manner that promotes loan quality and compliance with lending laws.
• Maintain productivity and quality performance at or above required goals.

SKILLS & ABILITIES:

• Subscribe to the mission of creating a truly customer and team-member-centric environment.
• Highly motivated, self-starter who can work independently under minimal supervision and as a team player.
• Strong interpersonal skills with clear and effective written and verbal communication abilities.
• Ability to work in a fast-paced, multi-tasking environment and manage multiple deadlines.
• Strong analytical, problem-solving, and creative thinking skills.
• Ability to learn and adapt to guideline changes.
• Strong organization, follow-through, and time management skills.
• Excellent attention to detail with a commitment to accuracy and quality.
• Dependable, responsible, and able to use good judgment.

QUALIFICATIONS & EXPERIENCE

• Bachelor’s degree preferred.
• 2 years of underwriting experience in high-volume mortgage setting required.
• FHA DE is Required, and VA SAR certification is a plus.
• Experience in Loan Assumptions is a plus.
• Thorough understanding of agency & investor underwriting guidelines, policies, and procedures.
• Extensive knowledge in the following loan programs/products:  conventional, FHA, VA, refinance and purchase, a plus – jumbo, and non-QM.
• Advanced/Extensive knowledge and responsibility for compliance with state and federal regulations applicable to loan fulfillment.
• Advanced math skills; adept at calculating income from salaried and self-employed borrowers, qualifying ratios, and other relevant loan calculations.
• Expert knowledge of Desktop Underwriter (DU) & Loan Prospector/Loan Product Advisor (LP/LPA).
• Basic proficiency in Microsoft Office products (Excel, Word, PowerPoint, etc.).
• Experience with Byte is a plus.

Other Duties: This position profile is not intended to be an all-inclusive list of job duties and responsibilities, as one may be asked to perform additional related duties, as assigned, in order to meet the needs of the organization. 

Compensation: $33.00-$47.00/hour

Mission Loans, LLC. is proud to be an Equal Opportunity Employer. Americor does not discriminate based on race, color, gender, disability, veteran, military status, religion, age, creed, national origin, sexual identity or expression, sexual orientation, marital status, genetic information, or any other basis prohibited by local, state, or federal law.

Notice to Agencies: Mission Loans, LLC. (the "Company") has an internal recruiting department. Mission Loans, LLC may supplement that internal capability from time to time with assistance from temporary staffing agencies, placement services, and professional recruiters ("Agency"). Agencies are hereby specifically directed NOT to contact Mission Loans, LLC. employees directly in an attempt to present candidates. The Company’s policy is for the internal recruiting team or other authorized personnel to present ALL candidates to hiring managers. Any unsolicited resumes sent to Mission Loans, LLC. from a third party, such as an Agency, including unsolicited resumes sent to a Company mailing address, fax machine, or email address, directly to Company employees, or to the resume database, will be considered Company property. Mission Loans, LLC. will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume. Mission Loans, LLC. will consider any candidate for whom an Agency has submitted an unsolicited resume to have been referred by the Agency free of any charges or fees.

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