The Wholesale Underwriter is responsible for reviewing and evaluating residential mortgage loan applications submitted through third-party brokers to ensure compliance with company guidelines, investor requirements, and applicable regulations. This role analyzes borrower creditworthiness, income, assets, collateral, and overall loan risk to make sound underwriting decisions while maintaining service level expectations.
Key Responsibilities
Review and analyze loan applications, credit reports, and financial documents to determine borrower eligibility.
Assess risk factors associated with mortgage loans, including income verification, debt-to-income ratios, and creditworthiness.
Ensure compliance with federal and state regulations as well as company policies throughout the underwriting process.
Collaborate with brokers, Account Managers, Account Executives, and other stakeholders to resolve any issues or discrepancies in documentation.
Prepare detailed financial reports summarizing findings and recommendations for loan approvals or denials.
Experience with Encompass is required
Conduct quantitative analysis to evaluate borrower profiles and market conditions impacting loan decisions.
Stay updated on industry trends, changes in regulations, and best practices in mortgage underwriting.
Preferred Skills, Knowledge and Expertise
Active Underwriter designation certificate (DE) required
Experience using Encompass required
Proven experience in mortgage underwriting or a related field within financial services.
Strong knowledge of HUD underwriting guidelines.
Excellent analytical skills with attention to detail to ensure accuracy in assessments.
Strong communication skills for effective collaboration with team members and clients.
Ability to work independently while managing multiple tasks in a fast-paced environment.
Benefits
Kings Mortgage Services, Inc. offers a full suite of benefits including:
Medical Insurance
Dental insurance
Vision insurance
Life insurance
Paid time off
401(k) with company match
Numbers & Facts
Location
Santa Ana, CA
Skills
Analysis Skillsunmatched
Best Practicesunmatched
Brokerageunmatched
Communication Skillsunmatched
Corporate Policiesunmatched
Credit Analysisunmatched
Credit Reportsunmatched
Credit Riskunmatched
Detail Orientedunmatched
Documentationunmatched
Federal Laws and Regulationsunmatched
Financial Reportingunmatched
Financial Servicesunmatched
Industry/Trade Analysisunmatched
Loan Approvalunmatched
Loan Conditionsunmatched
Loan Denialunmatched
Loan Reviewunmatched
Maintain Complianceunmatched
Mortgage Lendingunmatched
Multitaskingunmatched
Problem Solving Skillsunmatched
Quantitative Analysisunmatched
Regulationsunmatched
Risk Analysisunmatched
Sales Managementunmatched
State Laws and Regulationsunmatched
Team Playerunmatched
Underwritingunmatched
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