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Senior Mortgage Underwriter (Franklin Loan Center)
Ref No.: 16-07372
Location: San Francisco, California
**DE/VA (LAPP/SAR) Mortgage Underwriter is a highly skilled member of the operations team at Franklin Loan Center responsible for assessing the risk of loan applications and making accurate determinations of approval or decline based all current guidelines. The primary objective of this position is to provide prompt and accurate determinations of mortgage risk associated with underwriting mortgage loans. This position ensures the highest level quality by making sound and fully documented underwriting decisions based on financial institution and secondary market investor policies and guidelines and an in-depth review of loan documentation. The underwriter will work closely with the other members of the operation and sales teams to optimize processes to achieve a consistently high level of operational integrity in compliance with all current requirements and regulations.
* Accountable for underwriting individual mortgage products within company and investor/industry guidelines
* DE VA(LAPP/SAR) Underwriter accurately review financial statements, credit reports and applicable ratios (i.e. DTI and LTV) to underwriting decision
* Evaluating/examining transactions to judge accuracy and completeness. Investigating loan requests using fraud detection techniques
* Independently ensure documents are consistent and uphold to company and investor/industry guidelines
* Performing compliance reviews and risk analysis
* Facilitating renegotiation of loans based on lending guidelines
* Provide leadership or training to team members and communicate performance feedback to supervisor when necessary
* Develop a timely flow of underwriting files and condition sign off to facilitate company turn times
* DE VA(LAPP/SAR) Underwriter effectively communicates with Loan Consultants and Processors and Management
* Accountable for completing 2 new loans per day, in addition to resubmissions
* MUST have DE, LAPP/SAR certification for more than 5 years
* Proficient in FHA Connection & VA Portal
* Common sense underwriting approach
* In House Disclosure Department
* Internal AMC
* Amazing benefit package including top notch health insurance paid by employer and matching 401k
* State of the art technology
* Encompass Loan origination system/ Optimal Blue Pricing Engine
* Producing and extremely engaged CEO*
Job Type: Full-time
Required education:
  • High school or equivalent
Required experience:
  • Risk Assessment: 5 years
  • Mortgage Underwriting: 5 years
Required licenses or certifications:
  • LAPP/SAR Certification
  • DE Certification
ControlID: 14.234.89 SHR