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Mortgage Underwriter (Best Capital Funding)
Ref No.: 16-08324
Location: Chatsworth, California
Best Capital Funding is seeking a hard-working, self-motivated Mortgage Loan Underwriter to join our team of seasoned mortgage professionals. The Underwriter position underwrites residential loans ensuring compliance with appropriate company, secondary market Investor standards, and all applicable laws. Examines loan documentation for accuracy and completeness. Underwrites loans within the company and industry guidelines. Partners with Loan Originators, Branch Managers and Processors to secure all required documents.
Become a DE Underwriter!! An accelerated training program to become a DE Underwriter will be provided for the ideal candidate.
Responsibilities
  • Maintains a sound knowledge of secondary market activity, practices, and business/industry practices as they impact underwriting quality and origination activity
  • Reviews and evaluates borrower(s) credit profile including but not limited to all income documentation, tax returns, credit reports, preliminary report, judgments, bankruptcy documents and appraisals.
  • Works with Sales teams to ensure loans meet guidelines, assists them with identifying additional conditions as needed to insure consumers meet the Ability-To-Repay (ATR)
  • Maintains acceptable turnaround times as assigned by the company's service level agreements
  • Interacts with Quality Control, Compliance, and Funding departments for problem resolution, risk evaluation.
  • Exercises good judgment, conducts reasonableness tests and issues quality decisions
  • Communicates regularly with loan originators, management and other departments.

Qualifications
  • 5+ years of experience
  • High School graduate, college graduate preferred.
  • Excellent written and verbal communication skills.
  • Experience working with Lending QB preferred.
  • Proficiency with automated underwriting systems such as Desktop Underwriter and Loan Prospector.
  • At least 2 years' experience at underwriting borrowers with complex financial and income statements.
  • At least 2 years' experience preparing cash flows on partnerships, s-corporations and corporations.
  • Knowledge of mortgage lending laws and regulations.
  • Functional knowledge of state and federal agency mortgage loan guidelines and regulations.
  • Organized and detail oriented.
  • Ability to effectively prioritize workload and meet deadlines.
  • Willing to speak up, voice opinions and offer constructive advice in a professional manner.
  • Must maintain confidentiality of sensitive information.

About Us
Best Capital Funding Inc., NMLS ID# 303222 is a Direct Lending Mortgage Bank licensed with CA DBO and BRE, currently doing business in 12 States and adding more!! We treat each customer as an individual, not a number. We don't place you into a loan profile formula created by the banking industry. We use "common sense " and will help your borrower obtain the best loan possible. We represent a wide range of "A " rated lenders with first quality rates to private "hardship " lenders. We offer a full menu of products, FHA, VA, Client, FHLMC, USDA and Non-QM Programs, Foreign National, Down Payment Assistance Programs, Commercial, and Multi-Family, etc

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