Title: Staff Underwriter
Location: Anaheim, CA
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 but are not limited to: 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.
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 and supporting documentation)
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--Acquire a 2nd level underwriter when deemed necessary.
Recognize risk factors that may compromise the overall quality of the loan file.
Execute loan decisions and review loan conditions in a timely manner- Expected production level is 4 underwriting decisions per day.
Effectively communicate and engage proactively with loan agents, processors, funders and post-closers in regards to loan decisions, assignment of loan conditions, investor guidelines/documentation requirements 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.
Requirements:
Strong attention to detail
Ability to follow written and verbal directives
Strong organizational skills and attention to details
Ability to analyze large volume of financial data
Effective critical thinking skills and abilities to manage assigned files
Experience with LP/DU a MUST
Knowledge of the Mortgage Underwriting process is a MUST
Strong understanding of various mortgage documents
Strong computer skills; Proficient with Microsoft Word, Excel, Power Point, Outlook
Founded in 2003, CashCall, Inc. has grown to become one of the nation's premier consumer finance lenders. Headquartered in Anaheim, California, the company employs over 900 lending professionals, each dedicated to providing exceptional customer service.
CashCall has been able to simplify and streamline the loan process, through the seamless coordination of online and offline services to make the process faster, easier and hassle-free.
CashCall Personal Loans and CashCall Mortgage Loans are subsidiaries of CashCall, Inc., each offering a variety of services depending on the applicant's credit score and needs.
CashCall Mortgage specializes in low interest mortgage loans and home refinancing for borrowers with good credit. Founded by the people who started the very first direct mortgage company in 1995, CashCall Mortgage has streamlined the application and lending process, reducing their own costs and passing these savings on to customers by undercutting larger banks and lenders with lower interest rates no application fees, deposits or points.
To apply online, please visit: https://www7.ultirecruit.com/CAS1008/jobboard/NewCandidateExt.aspx?__JobID=135
- Location: Anaheim, CA
- Compensation: $66k - $72k PLUS Medical, Dental, Vision, 401K
- Principals only. Recruiters, please don't contact this job poster.
- Please, no phone calls about this job!
- Please do not contact job poster about other services, products or commercial interests.
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