QA Mortgage Underwriter (FHA/VA/USDA/Conventional)
San Diego, CA
Managed by Jobot Pro
$70,000 - $90,000
A bit about us:
We are a small but fast-growing mortgage company located in San Diego, CA. We are looking to add an experienced QA Underwriter to join our origination team, experienced with FHA/VA/USDA/Conventional.
Why join us?
- Competitive base salary and overall compensation package
- Full benefits: Medical, Dental, Vision
- 401 (K) with generous company match
- Vacation, sick, and paid holidays
The Quality Assurance Underwriter is responsible for performing pre-funding audits to determine whether approved loans have been underwritten in compliance with underwriting, investor, government and FNMA/FHLMC/GNMA guidelines. The QA Underwriter is responsible for communicating deficiencies to the Underwriting/ Processing Department and confirming corrective action.
Review/analyze loan files that have been approved by Underwriting to ensure the file meets loan program requirements. Includes individual analysis of: Loan application, Credit profile/report(s), Debt and assets, Income/financial statements, Loan values/loan-to-value ratios, Appraisal reports, and Collateral and supporting documentation.
Identify loan deficiencies and calculate the risk grade on each (Pass, Caution, Fail).
Communicate deficiencies to the Underwriting/Processing Group and confirm that corrective action has been taken.
Revisit loans to review and clear deficiencies.
Escalate files with suspected fraud to the Quality Control Manager.
Identify quality trends and work with Management to recommend and drive corrective action.
Performing in-house targeted audits
Education, Knowledge, Skills, Abilities and Experience:
High School Diploma or equivalent
Minimum 3 years of residential mortgage underwriting experience
Experience working with DU,LP and GUS
Knowledge of FHA, VA, USDA, FNMA and FHLMC policies and guidelines
Knowledge of mortgage loan processing, compliance, investor products and underwriting guidelines
Knowledge of mortgage insurance (MI) guidelines
Working knowledge of various fraud tools
Appraisal review skills/experience
DE certification and Chums preferred
VA LAAP/SAR preferred