Underwriter

Total Quality Financial is an emerging leader in the Mortgage Banking Industry. Our brand new office space is located in Irvine, CA right by the Irvine Spectrum. Total Quality Financial has a unique culture that is rooted from our Core Values of: Family, Character, Create a positive impact, Discipline, Lead by example, Evolve, Extreme ownership, Equanimity

Position Summary:

· Evaluate all aspects of loan applications, based on type, to determine eligibility based on risk, investor guidelines, government regulation and other risk factors.

Responsibilities:

• Knowledge of FNMA and FMLMC documentation and general guidelines/standards. Experience with FHA, VA, and USDA is required.
• Validate loan application and supporting documentation and verify that the system of record reflects correct information. Update system of record when required.
• Review and validate: income, asset, credit, title, value, and fraud reports.
• Ensure all required property information is in system.
• Look over all loans to substantiate that they meet TQF/TQL’s underwriting guidelines.
• Pull credit report as required.
• Confirm government required documents are complete and accurate.
• Review title information and purchase contract, if applicable.
• Run and review quality control tools –i.e. Fraud-Guard and Early Check.
• Run, review, and interpret DU/LP/GUS/Total-Score-Card, when applicable.
• Document system with all dates and information.
• Certify system data integrity.
• May underwrite one or all of the following loan types: Conventional, Jumbo, FHA, FHA, 2013k, VA, and USDA based on lending authority levels (underwritten loans must meet all quality standards established by Fannie Mae, Freddie Mac, FHA, VA, and USDA).
• Maintain production standard goals as established by management.
• Order and review MI based on loan program. Ensure that system of record matches MI certificate.
• Approve/deny loans and update the system accordingly.
• Re-underwrite loans when additional information has been received.
• May be asked to second sign loan decisions for lower-level authority underwriters.
• Answer and research general underwriting scenario and guideline questions via email and phone.
• Assist in resolving branch post-closing suspense issues.
• Must be able to evaluate and analyze complex income tax returns to establish qualifying income.
• Sign off on conditions in a timely manner set by management and work within specified Service Level Agreements ("SLAs")
• Maintain current knowledge as it pertains to MDIA, RESPA, TILA, ECOA, HMDA and Fair Lending regulation.
• Other duties as assigned.

Requirements:

• 5 years' current underwriting experience.
• Ability to act as FHA, DE, and/or VA Automatic, and SAR Underwriter
• High school diploma or equivalent required; College degree preferred.
• Experience with (AUS) automated underwriting systems
• Working knowledge of loan program products and services, and policies essential
• Thorough grasp of state and federal regulations is required as well as a solid understanding of: HMDA, Regulation Z, Regulation B; the FHLMC, FNMA, FHA rules and processes.
• Knowledge of paperless file environment and image software repository
• Proficiency with computer systems including MS Office (Word, Excel, and Outlook) and Internet Browsers
• Genuine commitment to customer service
• Solid organizational and problem-solving skills
• Proven aptitude to work in both a team and individual environment.
• Attention to detail and quality focused.
• Encompass experience preferred.

Job Type: Full-time