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SR. Underwriter - Remote (Bay Equity)
Ref No.: 16-08091
Location: Plainfield, Illinois
Bay Equity Home Loans is a full-service retail mortgage lender headquartered in Sausalito, California. In 2016 Bay Equity was voted one of the Top 10 Best Companies to Work for by Mortgage Executive Magazine. Bay Equity has 113 retail branches, is licensed in 30 states, and has operations centers in Concord, California; Portland, Oregon; Tacoma, Washington; Everett, Washington and Grand Junction, CO.

We are currently hiring for a Senior Underwriter with FHA and VA delegations to work remotely with our Midwest Underwriting Team.

Duties and responsibilities:
  • Review new loan files to ensure loan meets investor and program criteria and requirements. Minimum goal of 40 files per month while maintaining 24-48 hour turn time, or as set by Underwriting Manager.
  • Review loans receiving Automated Underwriting System (AUS) Approval to confirm documentation and eligibility requirements have been met.
  • Review loans receiving AUS determinations of Refer or Caution to determine eligibility and documentation for manual underwriting and approval based on the overall credit risk of the loan. Suggests alternative loan programs or structuring of the loan when possible.
  • Review appraisal to ensure value is supported and that appraiser has provided a complete and accurate report. Thorough knowledge of Client, FHLMC, FHA, VA and USDA appraisal requirements.
  • Review Title to verify ownership, lien, title history, property taxes, and compliance with lender requirements.
  • Issues credit decision based on documentation evaluation, underwriting review, and program eligibility.
  • Sends and/or calls out (depending on branch preference) credit decision with all appropriate conditions. Calls branch to discuss possible loan suspense or denial prior to issuance of final determination.
  • Timely response to PFQC and Post Close findings.
  • Ensures and enforces Fair Lending practices.
  • Other duties as assigned.
Qualifications and Job Skills:
  • Minimum 5 years' experience underwriting Conventional, FHA, VA and USDA loans.
  • Must have currently active FHA DE and VA SAR certifications.
  • Experience with DU, LP, Total Scorecard and Outlook. Encompass experience a plus.
  • Must be able and willing to work in a team environment, as well independently.
  • Ability to handle high volume and consistently meet productivity standards.
  • Thorough knowledge of Agency/Investor, HUD, VA and USDA guidelines.
  • Ability to handle confidential material in a professional and ethical manner.
  • Excellent written and verbal skills.
Personal Attributes:
  • Time management and organizational skills to effectively prioritize multiple tasks and achieve production focused goal.s
  • Strong interpersonal skills to build and maintain professional relationships.
  • Ability to work under tight timelines.
  • Ability to work independently and be a team player.
  • Must be proactive and reliable.
Working conditions:

Position can be tailored for in office (where available) or remote from home. Requires occasional travel for training and meetings. Overtime as needed and approved by management.

Physical requirements:
  • Must be able to use a computer with multiple monitors
  • Verbally communicate
We offer a comprehensive benefit package including; medical, dental, vision, life insurance, 401k, and paid time off. Compensation based on experience. This is a full-time position with enormous growth potential in an expanding company.

ControlID: 14.234.89 SHR