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Senior Underwriter
PennyMac
St Louis, MO, United States
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Job Description
The Senior Underwriter will be responsible for underwriting agency, jumbo, and FHA loans to established company and investor guidelines. The position requires that the candidate have the ability to clearly communicate underwriting decisions and stipulations to sales, processing staff and Clients.
• Underwrite a full range of mortgage loans including Agency, Jumbo and FHA /VA loans.
• Validate that all GSE and PennyMac credit risk requirements have been met
• Validate that HUD requirements have been met on FHA loans
• Include Fraud Review on each Risk analysis
• Complete Excel based income and asset related tools
• Write clear, concise and accurate stipulations
• Articulate recommendations for loan ineligibility situations or exceptions
Preferred Qualifications
Skills and abilities
• Min 5 years of mortgage underwriting experience required
• Conventional Underwriting expert and/or Proficient in FHA/VA
• DE Designation required in some cases
• Expert ability to navigate and interpret all agency guidelines
• Proficient in Personal and Business tax return analysis
• Excellent written and verbal communication skills
• Proficient analyst of both Desktop Underwriter and Loan Prospector
• Ability to work independently, prioritize workload and meet published deadlines
• Experience working with productivity and quality metrics
• Experience presenting Risk findings in a committee format
• Experience in Fraud detection
• Proficient in Excel and Word