Corporate Underwriting Analyst

• Pay or shift range: $31 USD to $36 USD
  The estimated range is the budgeted amount for this position. Final offers are based on various factors, including skill set, experience, location, qualifications and other job-related reasons.

Founded in 2000, Plaza Home Mortgage, Inc. is a privately owned, full-service national lender, offering Wholesale, Correspondent, Renovation and Reverse residential mortgages. Headquartered in San Diego, California, Plaza employs a network of sales associates to serve its clients nationwide.
Plaza is dedicated to building quality, long-term relationships with its mortgage broker and correspondent clients by offering comprehensive programs and exceptional customer experience.
This Corporate Underwriting Analyst works effectively with the divisions, corporate personnel, third parties and investors so that suspended loans are cleared and purchased within the required time frame to minimize undue expense to the organization. The role is responsible for providing support to the Underwriting department and division associates, by driving increased knowledge, as well as analysis of process, tools, and loan review.

Job Duties:

• Acts as a liaison with investors on post-closing issues as a primary member of the investor suspense team.
• Checks daily preparation and distribution of investor suspense pipeline report, to include outstanding investor suspense items from all investor sites and removal of purchased loans.
• Collaborates with the divisions and leadership to remedy defects, as needed, within required turn around times.
• Oversees the procurement of documentation necessary to satisfy suspense notices and post-closing audits as required.
• Validates all documentation received for relevancy in regard to the satisfying of the pertinent defect finding.
• Prepares accurate and well written rebuttals to investors and agencies to cure or refute defect findings.
• Monitors shipped loans until settlement to ensure timely suspense notification or purchase of the loan.
• Assists in training and reporting as defect trends arise.
• Identifies process gaps and opportunities within underwriting and operations.
• Assists additional internal departments as needed in curing post-closing audit findings including the procurement of documentation as needed from third parties.
• Maintains a working knowledge of all loan programs and guidelines.
• Escalates issues as needed by communicating directly with divisions, corporate personnel, and investors.
• Assists with writing and/or updating Policy and Procedures.
• Reconciles second review reports as needed.

Qualifications:

• High School diploma or GED equivalent required
• 5+ years experience in Mortgage Banking/Underwriting
• Experience with Desktop Underwriter and Loan Prospector underwriting systems required
• Familiarity with all loan origination and closing documents required,
• Strong knowledge of agency, non-agency and investor underwriting guidelines including FHA, VA, USDA, DSCR, nonQM and Jumbo products
• Knowledge of mortgage regulatory compliance required
• Knowledge of loan collateral delivery processs a plus
• Excellent oral, written, and interpersonal communication skills
• Experience writing rebuttal arguments to agencies and investors on audit findings
• Excellent research, analytical, and organizational skills
• Ability to manage time, multi-task, prioritize work in a high paced environment with time sensitive deadlines
• Ability to learn quickly and train others in all underwriting aspects of mortgage lending
• Ability to maintain confidentiality
• Exceptional attention to detail
• Solid commitment to customer and associate service
• Outstanding problem-solving ability
• Proven aptitude to work productively in both a team and individual environment
• Independent judgment skills essential to make decisions within written policy and standard operating procedures
• Proficient knowledge of MS Office (Word, Excel, Access, Power Point, and Outlook)
• Knowledge of Integra a plus

Work Environment: This is a remote position.

Compensation and Benefits:

Estimated Rate of Pay:

$31.00 - $36.00
This position is full-time; non-exempt.
The estimated range is the budgeted amount for this position. Final offers are based on various…