Senior Real Estate Underwriter

Description

This is a hybrid opportunity, that requires a local candidate to the greater Sacramento region.

Hourly Range: $37.00 - $45.00Exact compensation may vary based on skill, experience and location.

Why SAFE?

SAFE offers so much more than just full medical, vision, dental, 401k matching, HSA, and FSA! Learn more about how we support our workforce!

• Professional Development Opportunities: Offering training programs, workshops, and mentorship.
• Recognition and Appreciation: Regularly acknowledging employee achievements and contributions.
• Flexible Work Arrangements: Providing options for remote work and flexible scheduling.
• Positive Company Culture: Fostering an inclusive, collaborative, and supportive work environment.
• Career Growth: Clear paths for career advancement and internal promotions.
• Work-Life Balance: Encouraging a healthy balance between professional and personal life.
• Employee Empowerment: Allowing employees to make decisions and have autonomy in their roles.
• Space of Belonging: ERGs, YOUnity Council and a focus around diversity, equity inclusion and belonging.
• Wellness Programs: Promoting physical and mental health through wellness initiatives and resources.
• Strong Leadership: Having leaders who inspire, support, and guide their teams effectively.
• Sense of Purpose: Creating a sense of mission and aligning company goals with employees' personal values.

POSITION PURPOSE

The Senior Real Estate Underwriter is responsible for analyzing and verifying residential loan applications, evaluating risks, and making loan eligibility decisions in accordance with agency guidelines, ATR/QM standards, SAFE policy overlays, and SAFE Jumbo Program Loan eligibility, as applicable. The Senior Real Estate Underwriter will exercise sound judgment based on detailed analysis and ensure all documentation complies with the relevant regulations, guidelines and required quality standards.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

• Underwrite and authorize residential loan applications in accordance with policies, procedures and prudent underwriting guidelines and practices within approved loan authority limits.
• Review and verify loan applications and supporting documentation.
• Review and perform risk assessment of credit report, income and asset documentation for each borrower.
• Review and perform risk assessment of collateral documentation, including analysis of appraisal to ensure valuation and improvements are sufficient for credit request.
• Review application, documentation and overall transaction for any potential red flags, ensuring they are addressed and resolved, as necessary.
• Review applicable DU/ LPA (AUS) findings to ensure loan meets investor/agency guidelines.
• Review applicable SAFE Program Eligibility Matrix and Handbook to ensure loan meets Jumbo and/or ATR requirements for Non-QM programs as needed.
• Review, disposition and add loan conditions based on documentation provided in accordance with SAFE policies, guidelines and/or AUS findings.
• Document and effectively communicate reasons for loan decisions.
• Consult with mortgage sales and operations staff to structure loans within agency/investor requirements.
• Manage production pipeline while meeting prescribed SLA's.
• Provide feedback, educate and mentor sales and operations staff while answering questions, as needed.

QUALIFICATIONS

Education/Certification:

• High School Diploma
• Bachelor's degree from four-year college or university preferred, not required.

Experience Required:

3-5 years of residential underwriting experience and thorough knowledge of the mortgage business; or equivalent combination of education and experience.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Skills/Abilities:

• Must have good PC skills and knowledge of Encompass LOS.
• Ability to work independently, as well as part of department and project teams.
• Excellent time management skills, including ability to work under time constraints while maintaining high level of quality.
• Exceptionally detail oriented.
• Positive attitude and team player.

WORK ENVIRONMENT/PHYSICAL DEMANDS SUMMARY

LANGUAGE SKILLS

• Excellent communication skills (verbal, written, listening skills, and empathy).
• Ability to read, analyze and interpret underwriting policies, procedures and guidelines.
• Ability to effectively present information and respond to questions from operations and sales staff.

MATHEMATICAL SKILLS AND REASONING ABILITY

• Ability to perform and calculate varying income types, including analysis of personal and business tax returns.
• Ability to calculate figures and amounts such as percentages and averages.
• Ability to define problems, collect data, establish facts, and draw valid conclusions.
• Ability to provide counter-offer options and/restructuring of loans, as applicable.

PHYSICAL DEMANDS AND WORK ENVIRONMENT

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

• While performing the duties of this job, the employee is regularly required to sit and talk or hear, and use hands to finger, handle, or feel objects, tools, or controls.
• The employee is occasionally required to stand; walk; reach with hands and arms; and stoop, kneel, crouch, or crawl.
• The employee must occasionally lift and/or move up to 10 pounds.
• Specific vision abilities required by this job include close vision.
• The noise level in the work environment is usually moderate.

INTENT AND FUNCTION OF JOB DESCRIPTIONS

This is not necessarily an all-inclusive list of job-related responsibilities, duties, skills, efforts, requirements or working conditions. All descriptions have been reviewed to ensure that only essential functions and basic duties have been included. Peripheral tasks, only incidentally related to each position, have been excluded. Requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed as assigned.

In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization.

Job descriptions are not intended as and do not create employment contracts. The organization maintains its status as an at-will employer. Employees can be terminated for any reason not prohibited by law.