Remote Jumbo/FHA Underwriter

About the position Responsible for the prudent underwriting of jumbo loans in accordance with company and investor guidelines. Based on volume requirements, and experience, Conventional, FHA, VA, USDA or Non-QM loans may also be underwritten, if underwriter has proper designation for those products. PRMG offers a comprehensive benefits package for our full-time employees and their dependents, which includes medical, dental, vision, life insurance, short-term disability, long-term disability, a Health Savings Account (HSA), a Flexible Spending Account (FSA), and various other products, based on benefits eligibility, elections, and employee premiums. Upon hire, you will be eligible to enroll in all our company-sponsored benefit programs (Medical, Dental, Life, and Voluntary) on the first of the following month. After completing 60 days, you will be eligible to enroll in our 401(k) program on the first of the following month. Additionally, eligible employees may apply for job openings through PRMG’s Internal and External Job Portal to request a transfer to a different department or position. At PRMG, we not only celebrate and support differences, we thrive on it for the benefit of our employees, our products, and our community. We are proud to be a workplace that provides equal employment opportunities to all employees and applicants and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, marital status, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

Responsibilities

• Completes a thorough analysis of loan files to determine compliance with company and investor requirements.
• Evaluates the entire credit package and collateral for residential mortgage loans and ultimately ensures an “investment” quality loan product.
• Checks accuracy of all calculations and data integrity.
• Completion of all required underwriting worksheets found in FastTrac360 Resource Center.
• Recommends the loan disposition to manager for loan amounts in excess of authority limitation.
• Maintains company standard for productivity levels and complies with company posted turn-time for initial underwriting and clearing conditions.
• Depending on product, strives to meet 2-3 decisions/day within allotted time
• Communicates decision on loans to appropriate parties both verbally and in writing.
• Maintains underwriting activity logs and provides monthly underwriting report, as needed, to underwriting manager.
• Available to processors, correspondents and other relevant parties for general guideline interpretations and questions on specific loan files
• Responds to post closing reviews and audits in a timely fashion.
• Performs related duties, as directed by manager

Requirements

• Minimum three years of mortgage underwriting experience, with solid working knowledge of underwriting guidelines
• Experience with underwriting Jumbo products, including manual underwriting of loan files
• Strong interpersonal-communication and business-relationship skills.
• Detail oriented with strong organizational and follow-through skills.
• Excellent analytical, written communication and verbal communication skills.
• Technologically proficient.
• Bachelor’s degree in related field or equivalent professional experience.

Nice-to-haves

• Experience with underwriting other product lines such as Non-QM, Conventional, FHA (DE), VA (LAPP/SAR) and/or USDA preferred
• Experience with private mortgage insurance guidelines preferred

Benefits

• medical
• dental
• vision
• life insurance
• short-term disability
• long-term disability
• a Health Savings Account (HSA)
• a Flexible Spending Account (FSA)
• 401(k)

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