Senior Underwriter

New American Funding (NAF) is a mortgage lender offering an array of loan options. Established in 2003 and headquartered in Tustin, CA, United States, Company Website : New American Funding, we value culture and team dynamics that will be able to help you advance in your career, while you explore all the different technologies we offer. We're expecting this candidate to be able to make independent decisions and use their knowledge to make the right decision both for the borrower and for the organization.

Primary responsibilities include providing the thorough evaluation of credit and property documents in loan files, identify potential risks, and advise as to the appropriate decision of the file as it relates to approving, declining or suspending the loan based upon New American Funding's underwriting guidelines concerning borrower eligibility and investors' requirements. Other duties include maintaining underwriting turn times, working with processors and loan officers to provide guidance on a case-by-case basis, and keep up with guidelines as set forth by Fannie Mae and Freddie Mac.

Responsibilities :

• Review all loan submissions submitted by production and origination staff and generate initial credit decision in accordance with FNMA, FHLMC, Bond and other private investor guidelines as well as internal overlays.
• Evaluate mortgage loan applications to determine eligibility, acceptability, and compliance with applicable state, federal and investor guidelines.
• Perform credit and property analysis on conventional and government loan files.
• Analyze complex tax returns and accurately calculate income.
• Perform timely reviews of submitted conditions and loan resubmissions.
• Input data and notes into the Encompass loan system.
• Maintain quality and production standards as set forth by management.
• Effectively communicate, orally, in writing, and via email, the decisions reached as to maintain positive working relationships with coworkers and customers.
• Other duties may be assigned

Core Competencies :