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REMOTE Mortgage Underwriter (JUMBO / Non-Conforming)

Company: Gables Search Group
Location: Phoenix
Posted on: September 15, 2021

Job Description:


Full time Remote / even after Covid

$105,000 to $125,000

Full Benefits, Bonus Paid Quarterly with Overtime Available

LAPP / SAR / DE Designations Are Preferred 

*Majority of Loans are Non-QM / Jumbo Loans 

The Senior First Mortgage Underwriter is responsible for providing quality and consistent underwriting of mortgage loans, focusing on difficult/complex loans, to ensure compliance with appropriate company standards. This role is responsible for ascertaining the needs of borrowers and assisting them in selecting the appropriate loan type which best matches their long-term objectives, and ensuring compliance with FHLMC/FHA/VA/FNMA guidelines. Also, assesses the potential risk of loan applicants, including current and past credit and job history, ensures that all mortgage applications are complete, accurate, and fall within acceptable guidelines, and attains direct endorsement approvals. Additionally, providing high quality customer service, including underwriting in a competitive time frame. As a Senior First Mortgage Underwriter you will also provide direction and guidance to other less experienced underwriters.

Essential Job Functions

  • Utilizes Fannie Mae's Desktop Underwriter to determine loan eligibility for sale to Fannie Mae, HUD and Veterans Administration (VA).
  • Ensures all file documentation requirements are met for Fannie Mae, HUD and VA eligible loans.
  • Underwrites loan files for designated processing center through a review process of analyzing and evaluating income, assets, liabilities, and property, while maintaining designated time frames as determined by management.
  • Assimilates new government regulations and applies this knowledge to improve and maintain quality and consistent underwriting.
  • Reviews self-employed, corporate and partnership tax returns, profit and loss, as well as financial statements to ascertain borrowers' income.
  • Provides written letters of commitment for each loan decision detailing required documentation, loan interest rate, as well as the fees and mortgage amount approved.
  • Works with the loan originators and processors to create solutions for problems that arise during processing.
  • Identify common errors and report via comment 60 in loan origination system- UNIFI which compiles data for trainers and Regional and Area Sales Managers.
  • Secures relevant information and documentation needed to render lending decisions on SIDs, PUDs, and Condominium Associations Seeks formal legal opinions if needed.
  • Reviews and corrects potential problems in loan processing files (credit history, nonconforming appraisals, files not adhering to guidelines, etc.).
  • Applicants with government lending authority will need to provide evidence delegated lending authority is active and in good standing with HUD and VA. 

Other Job Duties

Performs other duties as assigned.


  • High School Diploma or GED Required
  • Bachelor's Degree Business Administration or related area or equivalent combination of education and experience.

Required Experience

  • Requires 7 years minimum mortgage underwriting experience; start to finish
  • Requires experience with Jumbo loans
  • Experience with appraisals, must be able to analyze collateral
  • Deep understanding of tax returns
  • Experience is supporting High Net Worth/Wealth Management customers, with residential/consuming lending limits in the $1-2MM aggregate range as approved by Credit Risk Management
  • Outstanding knowledge of loan underwriting documentation requirements.
  • Ability to communicate with multiple business partners within the organization
  • Ability to handle heavy workload, multitask and meet stringent deadlines
  • Superior written and verbal communication skills
  • Excellent PC skills

The  candidate will have jumbo, Non-confirming and/or Portfolio Lending experience is a MUST. Experience with complex tax returns; dealing with borrower that has multiple businesses. Experience in appraisal reports is a MUST


  • Medical
  • Dental
  • Vision
  • Paid vacation/sick/bank holidays
  • 401K
  • Tuittion Assistance 

Keywords: Gables Search Group, Phoenix , REMOTE Mortgage Underwriter (JUMBO / Non-Conforming), Other , Phoenix, Arizona

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