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Movement Mortgage · 1 month ago

Jumbo Scenario Desk Sr. Underwriter

United States

Full-time

Remote

Mid, Senior Level

$90K/yr - $119K/yr

5+ years exp

Movement Mortgage is a company that is redefining what it means to be an Impact Lender by committing a significant portion of its profits to community support. The Jumbo Scenario Desk Sr. Underwriter will evaluate and assess the risk of various mortgage loan scenarios, serve as the primary point of contact for inquiries, and support underwriting and product development tasks.

FinanceFinancial ServicesMortgageReal Estate

Responsibilities

Responsible for evaluating and assessing the risk of Prime, Jumbo & Non-QM mortgage loan scenarios to ensure they meet company policies, investor guidelines, compliance, and industry regulations

Serve as the primary point of contact for the scenario desk, addressing inquiries encompassing a wide range of topics, including: Responding to asset-related questions, Clarifying occupancy-related issues, Title, Appraisal and Insurance questions

Provide upfront Income analysis for the following: Wage/Salary, Self-employment, RSU, DSCR calculations, Asset Depletion, Bank statement, Other variable types of Income

Work with Product development on Program offerings and launches

Handle Investor updates

Manage Program matrices and Sales support tools

Training Sales partners and underwriting department on Investor programs

Communication to Sales/Team members Income analysis results

Log and track all income review requests

Support Underwriting, Credit Policy and Product Development with tasks that arise surrounding the scenario desk including (but not limited to): Investor relations, Collaboration with other departments

Assist Team Lead with tasks that arise surrounding the scenario desk including (but not limited to): Facilitate the preparation of Exception requests received upfront on the inbox to review prior to escalating to Team Lead to ensure loan parameters meet general guideline requirements aside from variance outside guides being requested

Help develop resource tools to increase productivity and proficiency

Triage and escalate difficult/advanced questions to Team Lead

Train on and increase knowledge of loan programs, to provide additional scenario coverage on desk for the following programs: DSCR (Debt Service Coverage Ratio), Bank statement programs, Asset depletion programs, NON-QM products, Jumbo products, New products that are rolled out on new Investor loan programs

Qualification

Prime underwriting experienceJumbo underwriting experienceNON-QM underwriting experienceMicrosoft Office proficiencyInvestor guidelinesAttention to detailClient-centric attitudeEffective communicationOrganizational skillsProblem-solving skills

Required

At least 5 years of Prime, Jumbo, NON-QM and Conventional underwriting experience

Strong proficiency in Microsoft Office (Outlook, Word, Excel, One Drive) and Adobe Acrobat, navigating the internet, and generally tech savvy

Knowledge of Investor guidelines and overlays

Meeting company turn times and metrics

Navigation of multiple Investor portals

Meticulous with a focus on accuracy, demonstrating extreme attention to detail and critical thinking

Demonstrate a history of effective, proactive, and precise verbal and written communication

Demonstrate organizational skills and ability to prioritize, multi-task, manage time, problem solve, and work independently in a fast-paced environment

Initiative-taking attitude towards learning and staying updated on industry standards and development

Professional, friendly, courteous, positive, collaborative, and client-centric that supports multiple departments