Sr. Underwriter - Level 4

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.
Responsible for analyzing conforming agency loans, evaluating consumer loan applications and supporting documentation to assess borrower's credit worthiness. Knowledge of consumer loan applications includes but is not limited to, Conventional, FHA, VA and USDA residential first mortgages. Candidate will be able to recommend approval or denial of credit submissions with proper loan conditions and data to support the lending decision. Interacts with appropriate individuals including loan originators, loan processors and account executives in order to obtain information for the credit decision. This role is full-time, non-exempt. This position reports to the Underwriting Team Manager.
Job Duties:

• Must demonstrate leadership qualities, as a resource to others on questions related to Underwriting
• Will be required to provide training and mentoring of Jr. Underwriters and Level I, II Underwriters
• Has the ability to second sign decisions for Level I, II and III Underwriters
• Perform mortgage credit analysis, with or without the assistance of automated underwriting system, to determine borrower's willingness and ability to repay the mortgage debt. Review credit documents for completeness and accuracy
• Perform detailed review of appraisal for one-to-four family residential property appraisals to determine acceptability of security for loan programs offered by Plaza
• Maintain production goals & standards and the investment quality of loans underwritten with an understanding of industry standards and documentation requirements for loans sold to investors, FNMA, FHLMC, VA, FHA and Ginnie Mae Securities
• May underwrite one or all of the following loan types; Conventional, FHA, FHA203k, VA and USDA loans
• Must be able to evaluate and analyze income tax returns to establish qualifying income
• Is able to act as FHA DE and/or VA Automatic and SAR Underwriter, if not is pursuing these designations
• Evaluate risk to ensure a prudent decision is made.
• Approval authority based on level authority limits authorized by the company
• Partner with sales to ensure mortgage applications are originated efficiently and in compliance with all Plaza Home Mortgage regulatory requirements, especially as it pertains to Underwriting

Required Skills and Experience:

• Incumbent must have excellent judgment skills to make quick decisions within written policy and standard operating procedures; working knowledge of loan program products and services, policies, and requirements of a HUD regulated lending institution; the ability to understand and make recommended changes to Standard Operating Procedures; and familiarity with state and federal regulations are required as well as a solid understanding of: HMDA, Regulation Z, Regulation B, the FHLMC, FNMA, FHA rules and processes
• Excellent oral, written, and interpersonal communication skills; exceptional attention to detail; the capability to multi-task in a high paced environment with heavy volume of transactions
• High school diploma or equivalent (a college degree is preferred) with recent Underwriting experience in the mortgage industry and knowledge of the sales of mortgage loans into secondary market
• Position also requires proficient knowledge of computer systems including MS Office (Word, Excel, and Outlook) and Internet Browsers

Plaza offers a competitive benefits package; including medical/dental/vision, paid time off and holidays, 401(k), life and pet insurance. Plaza also offers additional benefits such as an employee friends and family loan and an employee assistance program that includes a variety of discounted services.
Plaza is an EEOC employer and follows all federal, state, and local laws relating to fair employment.
Plaza Home Mortgage, Inc. is committed to preventing, stopping and remedying all forms of discrimination that occur in its workplace. Managers are accountable for keeping Plaza's workplace free from discrimination and ensuring that Plaza provides equal employment opportunity for all in the workforce and for those seeking to become members of Plaza's workforce.
Plaza's employees are protected by laws designed to protect employees from discrimination on the bases of race, religion, color, sex, pregnancy, gender identity, sexual orientation, parental status, national origin, age, disability, family medical history or genetic information, political affiliation, military service, or any other non-merit based factor. These protections extend to all management practices and decisions, including recruitment and hiring practices, appraisal systems, promotions, and training and career development programs. Plaza's employees are also protected against retaliation if they engage in a protected activity, whistleblowing, or the exercise of any appeal or grievance right provided by law.
This information is provided by Plaza Home Mortgage, Inc. as a courtesy to its mortgage professional clients and the public and is meant for instructional purposes only. None of the information provided is intended to be legal advice in any context. Plaza does not guarantee, warrant, ensure or promise that information provided is accurate. Terms and conditions of programs and guidelines are subject to change at any time without notice. Any unauthorized use or distribution of this information is strictly prohibited. This is not a commitment to lend. ® 2024 Plaza Home Mortgage, Inc. Plaza Home Mortgage and the Plaza Home Mortgage logo are registered trademarks of Plaza Home Mortgage, Inc. All other trademarks are the property of their respective owners. All rights reserved. Plaza Home Mortgage, Inc. is an Equal Housing Lender. Plaza NMLS 2113
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Plaza NMLS 2113
Equal Opportunity Employer
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