Scenario Underwriter
- $90,000 - $110,000
- Chatsworth, CA
The Scenario Underwriter plays a critical role in supporting the mortgage loan origination process by evaluating unique borrower situations, reviewing exceptions to standard guidelines, and providing scenario-based assessments.
A bit about us:
Join a cutting-edge wholesale mortgage lender specializing in Non-QM products. We're redefining the lending experience with innovative programs, streamlined processes, and a commitment to speed and precision. As we grow, we're looking for forward-thinking professionals who thrive in fast-paced, collaborative environments.
Why join us?
401(k)
Dental insurance
Health insurance
Paid time off
Vision insurance
Dental insurance
Health insurance
Paid time off
Vision insurance
Job Details
We are seeking a highly skilled and motivated Scenario Underwriter to join our dynamic Accounting and Finance team. This is a remarkable opportunity to become an integral part of our expanding team, where you will be responsible for the evaluation and assessment of complex loan applications according to established guidelines. You will play a pivotal role in helping us maintain our financial stability and integrity by ensuring that we adhere to risk tolerance standards and comply with relevant regulations.
Responsibilities:
As a Permanent Scenario Underwriter, you will:
1. Evaluate and assess complex loan applications, ensuring they adhere to established guidelines and are in line with our risk tolerance.
2. Analyze financial data to determine the risk of granting loans to potential borrowers.
3. Review and make decisions on complex exceptions based on a comprehensive understanding of Fannie Mae, Freddie Mac, FHA, and VA guidelines.
4. Collaborate with loan officers and other stakeholders to ensure that all loan applications are processed accurately and within set timelines.
5. Continually monitor and update underwriting guidelines and procedures in line with changes in federal and state laws.
6. Conduct regular assessments to identify potential risks and develop preventive measures to mitigate them.
7. Provide clear and concise communication to all stakeholders concerning underwriting decisions and the rationale behind them.
8. Maintain up-to-date knowledge of the latest industry trends and advancements, ensuring that our underwriting processes and guidelines remain competitive and compliant.
Qualifications:
The ideal candidate for the Permanent Scenario Underwriter position should have:
1. A Bachelor's degree in Finance, Accounting, or a related field.
2. A minimum of 5 years of experience in underwriting, with a strong emphasis on complex loans.
3. A comprehensive understanding of underwriting guidelines, risk assessments, and complex exceptions.
4. Proficiency in Fannie Mae, Freddie Mac, FHA, and VA guidelines.
5. Exceptional analytical and decision-making skills with the ability to interpret and analyze complex financial data.
6. Strong communication skills with the ability to clearly articulate underwriting decisions and their rationale.
7. A proven track record of effectively managing risks and ensuring compliance with relevant regulations.
8. The ability to work effectively in a fast-paced, deadline-driven environment.
9. A commitment to maintaining the highest level of confidentiality and professionalism at all times.
Responsibilities:
As a Permanent Scenario Underwriter, you will:
1. Evaluate and assess complex loan applications, ensuring they adhere to established guidelines and are in line with our risk tolerance.
2. Analyze financial data to determine the risk of granting loans to potential borrowers.
3. Review and make decisions on complex exceptions based on a comprehensive understanding of Fannie Mae, Freddie Mac, FHA, and VA guidelines.
4. Collaborate with loan officers and other stakeholders to ensure that all loan applications are processed accurately and within set timelines.
5. Continually monitor and update underwriting guidelines and procedures in line with changes in federal and state laws.
6. Conduct regular assessments to identify potential risks and develop preventive measures to mitigate them.
7. Provide clear and concise communication to all stakeholders concerning underwriting decisions and the rationale behind them.
8. Maintain up-to-date knowledge of the latest industry trends and advancements, ensuring that our underwriting processes and guidelines remain competitive and compliant.
Qualifications:
The ideal candidate for the Permanent Scenario Underwriter position should have:
1. A Bachelor's degree in Finance, Accounting, or a related field.
2. A minimum of 5 years of experience in underwriting, with a strong emphasis on complex loans.
3. A comprehensive understanding of underwriting guidelines, risk assessments, and complex exceptions.
4. Proficiency in Fannie Mae, Freddie Mac, FHA, and VA guidelines.
5. Exceptional analytical and decision-making skills with the ability to interpret and analyze complex financial data.
6. Strong communication skills with the ability to clearly articulate underwriting decisions and their rationale.
7. A proven track record of effectively managing risks and ensuring compliance with relevant regulations.
8. The ability to work effectively in a fast-paced, deadline-driven environment.
9. A commitment to maintaining the highest level of confidentiality and professionalism at all times.
Jobot is an Equal Opportunity Employer. We provide an inclusive work environment that celebrates diversity and all qualified candidates receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
Sometimes Jobot is required to perform background checks with your authorization. Jobot will consider qualified candidates with criminal histories in a manner consistent with any applicable federal, state, or local law regarding criminal backgrounds, including but not limited to the Los Angeles Fair Chance Initiative for Hiring and the San Francisco Fair Chance Ordinance.
Sometimes Jobot is required to perform background checks with your authorization. Jobot will consider qualified candidates with criminal histories in a manner consistent with any applicable federal, state, or local law regarding criminal backgrounds, including but not limited to the Los Angeles Fair Chance Initiative for Hiring and the San Francisco Fair Chance Ordinance.