Broker Direct - Mortgage Underwriter at PennyMac

Posted in Other 26 days ago.

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Location: Plano, Texas





Job Description:
Overview
Ensures that the assets reviewed meet all applicable investor guidelines, through a complete knowledge of requirements and regulations. Held accountable for quality and accuracy of decisions.

Job Description
  • Decisions full range of mortgage loans, preferably including FHA loans
  • Review all mortgage applications and documentation for accuracy and completeness
  • Work with clients to prepare mortgage applications and related documentation as needed, help resolve any outstanding issues
  • Work with compliance officers to ensure Federal, State, and local compliance of all mortgage and loan materials
  • Approve or deny mortgages on a timely basis
  • Ensure the quality and accuracy of each loan
  • Perform other related duties as required and assigned
  • Demonstrate behaviors which are aligned with the organization's desired culture and values


Ideal Candidate will have the following:
  • Min 3 years of mortgage underwriting experience required
  • Solid knowledge of front line mortgage underwriting and of basic automated underwriting systems
  • Experience in the following: Encompass, AUS, DU, LP, Fannie Mae
  • Strong organizational skills and attention to detail
  • Demonstrated computer skills, including proficiency with basic automated underwriting systems
  • Knowledge of mortgage laws and regulations required, including Home Mortgage Disclosure Act
  • Knowledge of state and federal agency mortgage loan guidelines and regulations helpful
  • Experience reviewing front line mortgage applications and documentation for accuracy and completeness
  • Experience reviewing Tax Returns and credit reports
  • Ability to effectively prioritize workload and meet deadlines
  • Ability to maintain confidentiality of sensitive information
  • Strong communication skills, both verbal and written


Years of Experience: 3

Education: Bachelor's Degree


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