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Sierra Pacific Mortgage Company, Inc. · 5 months ago

National Operations Underwriting Specialist

United States

Full-time

Remote

Senior Level

5+ years exp

Sierra Pacific Mortgage Company, Inc. is a mortgage company that emphasizes quality lending practices and integrity. They are seeking a National Operations Underwriting Specialist to provide support to the National Operations Team, troubleshoot underwriting issues, and evaluate complex loan scenarios to assess financial risk.

BankingFinanceFinancial ServicesMortgage

Responsibilities

Responsible for providing a complex level of support to the National Operations Team and company lending activities for all areas of lending operations

Trouble shoot questions and issues presented by company personnel, external investors/GSE’s, vendor partners, third party audits, etc

Daily review of internal service requests pertaining to underwriting related issues

Monitor VA appraisals in the VA LGY portal and FEMA updates in AllRegs

Review post-closing issues including resubmissions for LPA

Possess a thorough understanding of loan programs/guidelines and lending requirements

Provide consultation regarding viable loan alternatives

Evaluate complex loan scenarios, loan applications, inspection, and financial reports to assess financial risk, including potential fraud

Provide corporate review/signature on loans exceeding $1,000,000

Review exception requests

Review Post Close Quality Control findings as well as Repurchase Findings and resolve with additional documentation and/or explanation of decision made

Work with training to develop trending, and training to mediate findings

Work with Operations Support to fix any system issues causing continued findings

Work with Operations Support to develop policy in relation to continued findings

Review closed loan files and prepare responses to investor and agency audits

Create job aids, procedure manuals, and/or worksheets for various operations and underwriting functions in order to improve workflow

Perform control testing on declined loans when assigned by compliance

Provide ideas and feedback in the creation of corporate policies and procedures

Complete special projects

Other duties and/or mortgage related tasks as assigned by management

Qualification

Underwriting experienceFHA DE certificationVA LAPP/SAR certificationGuidelinesAutomated Underwriting SystemsBasic math skillsBasic computer skillsReading comprehensionProblem-solving

Required

High School Diploma or equivalent required

Minimum of 5 years mortgage industry experience required

Underwriting experience required, FHA DE and VA LAPP/SAR certifications preferred

Knowledge of FNMA, FHLMC, FHA, VA, and USDA guidelines

Able to read and interpret documents such as promissory notes, regulatory and legal directives, and other industry related documents

Able to interpret an extensive variety of technical instructions

Able to apply basic math: compute loan amounts, income, and other mortgage related calculations

Basic computer skills required: word processing, Excel spreadsheets, email, and mortgage software, including in depth knowledge of Automated Underwriting Systems (AUS) - Fannie Mae Desktop Underwriter®(DU®) and Freddie Mac Loan Product Advisor (LPA)