DE Underwriter

PRMG: Paramount Residential Mortgage Group
Oct 18, 2016
Oct 26, 2016
Employer Type
Direct Employer
Employment Type
Full Time
Job Description:

Job Summary:Responsible for the prudent underwriting of conventional and FHA/VA loans in accordance with company and investor guidelines. The duties for Wholesale Underwriter include, but are not limited to, those described below. Requires current or recent front-line underwriting experience with DE and CHUMS approval Essential Job Functions:- Communication: Liaises among borrowers, investors and escrow companies to communicate decisions on loans.- Organization: Ensures loan files are complete with all outstanding issues addressed.- Equipment: Uses such office equipment as computer terminals, copiers and FAX machines.- Physical: Sits, writes, types for extended time periods. Hearing and vision within normal ranges. Responsibilities:- Completes a thorough analysis of loan files to determine compliance with company, investor, and FHA/VA guidelines.- 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 Fast Trac 360 Resource Center.- Assists with the training of new underwriters.- Recommends the loan disposition to underwriting manager for loan amounts in excess of authority limitation.- Maintains company standard for productivity level, and complies with company policy of 48 hour underwriting turnaround time and 24 hour turnaround time for clearing conditions.- Strives to meet 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 to underwriting manager.- Available to processors and correspondents 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 Underwriting or Operations Manager. Experience:- Minimum three years of mortgage underwriting experience, with solid working knowledge of underwriting guidelines.PRMG- Experience with private investor and private mortgage insurance guidelines. Skills:- 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. Education:- Bachelor's degree in related field or equivalent professional experience. Travel:- None

Company Description:

Voted #1 :: 50 Best Companies To Work For In The Mortgage Industry

When we opened for business in 2001, Paramount Residential Mortgage Group had only 3 employees in a small office in Southern California. A little over a decade later, we have branches and operation centers strategically located across the nation with well over 1000 employees and enjoy being among the top 25 largest independently held mortgage banking companies in the nation! Our annual volume is near 5 billion and we enjoy being an Agency direct seller/servicer as well a GNMA issuer. We feel that our successful growth is the direct result of our focus on teamwork and a commitment to service. We do not take our success for granted and we try our best to deliver on every transaction, we put out a very competitive product line and price and try to create exceptional experiences... every person, every time! Please contact us for mortgage branch opportunities & loan officer opportunities in your area.