Careers

Summary:
Conducts reviews of specific loan file documents; including calling to re-verify employment, confirming loan file information, or taking other steps to ensure the accuracy and legitimacy of loan documents prior to funding.

Duties include but are not limited to:
• Review loan documentation to determine if processes and documentation are in compliance with internal company requirements, insurer guidelines, investor requirements, and/or government regulations.
• Function may cover one or more of the following areas: underwriting, fraud, fair lending, regulatory compliance, and servicing.
• Examines overall loan documentation and system documentation of unusual, complex, and/or high-risk transactions.
• Provide feedback to internal and external customers, including identification of fraud, red flags, and inconsistencies.
• Analyze risks and offsets and develops solutions for the risks and/or complex problems identified.

Qualifications:
• Three years mortgage industry experience, with an emphasis on quality control
• Good understanding of federal and state statutes and regulations
• Previous us of TenA/Second Look preferred
• Proficient in Microsoft Office

Skills:
• Strong attention to detail
• Proven analytical skills and well-developed organizational skills
• Effective decision making skills and sound judgment
• Excellent written and verbal communication skills

The Underwriting Manager coordinates all aspects of underwriting and managing underwriting risk for the entire company including the credit quality and underwriting culture for the organization. The position will entail the communication and implementation of credit policy and practices at the corporate level and throughout various Underwriting centers while providing guidance for policies, procedures, guidelines, and risk assessment. Review of delegated credit signature authority including Credit Analyst, and AUS certified underwriters. The position will require a partnership with sales and operations and provide communication of all credit policy updates. Advise VP of Operations of any issues and trends. This person must have a minimum of 10 years in the mortgage industry, and have a thorough understanding of conventional, jumbo, super jumbo, FNMA/FHLMC, CRA, government, FHA/VA guidelines. Demonstrate a working knowledge of agency AUS systems, and possess a management background.

NOTE: This position requires 15-20% travel

Essential Duties and Responsibilities:
• Identifies and measures risks associated with products and services offered by the Company and advises management on the development of policy, procedures, systems, controls and training to address those risks.
• Communicates changes in underwriting policies and procedures.
• Prepares reports that include degree of risk involved in extending credit or lending money.
• Recommends methods to control or reduce underwriting risk.
• Plans, directs, and coordinates the underwriting activities of the Corporate Office, and all branch offices ensuring that all are in sync with Company underwriting philosophy and guidelines.
• Monitors and reports progress towards completion of goals and objectives.
• Responsible for the direct supervision of the Underwriting Supervisor.
• Conducts performance reviews.
• Participates in staff recognition and discipline.
Qualifications:
• Detailed knowledge of underwriting, investor and agency guidelines, including HUD, VA, and Fannie Mae.
• Knowledge of potential misrepresentations and red flags to prevent fraud and mitigate risk to the corporation.
• Ability to plan, prioritize and manage projects from inception through implementation.
• Recent experience managing department staff.
• Strong teambuilding, interpersonal and communication skills.
• Strong problem solving and analytical skills.
• Excellent written and verbal communication skills.
Education and/or Experience:
• Bachelor’s degree or minimum 10 years work experience in underwriting (or specialized education plus a minimum of 5 years experience in a supervisory/managerial role.
• Direct Endorsement (D.E)
• VA underwriting designation/SAR (Staff Appraisal Reviewer) preferred

Position Summary:
Responsible for the prudent underwriting of FHA and VA loans in accordance with HUD, company, and investor guidelines.
Qualifications:
• Minimum 5-7 years residential mortgage underwriting experience required.
• Sound working knowledge of FHA and VA underwriting guidelines.
• Experience with DU and LP Automated Underwriting systems.
Certifications:
• FHA Direct Endorsement necessary.
• VA/SAR approval preferred.
Skills and Experience:
• Detail oriented with excellent decision-making ability.
• Able to define problems, collect data, establish, do independent research and draw conclusions.
• Ability to interpret documents such as policy and procedure manuals.
• Speak effectively to customers and/or employees of the organization.
• Able to apply concepts of basic algebra and calculate figures and amounts such as discount points, interest calculations, and percentages.
• Have knowledge of Database software systems, Internet software, and Word Processing software.
• Ability to work effectively and accurately under specific time constraints.
Essential Duties and Responsibilities:
• Review and evaluate information on mortgage loan documentation to determine borrower and property meets government loan standards.
• Complete a thorough analysis of loan files to determine compliance with company, investor, and FHA/VA guidelines.
• Evaluate the entire credit package and collateral for residential mortgage loans and ultimately ensure and "investment" quality loan product.
• Recommend the loan disposition, for loan amounts in excess of authority limitation, to underwriting manager.
• Communicate decision on loans to appropriate parties both verbally and in writing.
• Be available to processors and loan officers for general guideline interpretations and questions on specific loan files.
• Underwrite a minimum (3) loans per day.

REQUIREMENTS:
* 3-5 years recent mortgage banking experience required.
* FHA / VA / FNMA / FHLMC guideline knowledge.
* Must be able to multi-task, work well under pressure and handle a fast paced environment.

Mountain West Financial has openings for Loan Officers. We are a California based Mortgage Banker, Licensed by the Department of Real Estate (#01090162) , and take pride in our “make sense” underwriting philosophy. We specialize in purchase money transactions and provide excellent programs, support and training. Applicants must have a current CA DRE license and Mortgage Loan Originator (MLO) endorsement, or be in the process of obtaining same. With many offices to serve your clients, call the office most convenient to you for an opportunity to join our team.