Multi Family Underwriter (Remote)

The Multi-Family Mortgage Loan Underwriter is responsible for evaluating and underwriting multi-family mortgage loan applications. This role involves thorough analysis of borrower financials, property characteristics, and market conditions to assess creditworthiness and risk. The ideal candidate will have a strong understanding of multi-family real estate, lending regulations, and the ability to make sound credit decisions.

This is a on-site role located in Santa Ana, CA.

Responsibilities

• Loan Underwriting: Analyze and underwrite multi-family mortgage loan applications, ensuring compliance with company guidelines and regulatory requirements.
• Financial Analysis: Assess borrower financial statements, tax returns, credit reports, and other financial documents to determine creditworthiness.
• Property Evaluation: Review property appraisals, rent rolls, operating statements, and other related documents to assess the value and income potential of the property.
• Risk Assessment: Identify and evaluate potential risks associated with the loan transaction and make recommendations to mitigate those risks.
• Documentation: Ensure all loan files are complete, accurate, and well-documented with supporting analysis and rationale for approval or denial.
• Compliance: Maintain up-to-date knowledge of federal, state, and local lending regulations and ensure all loan decisions are in compliance.
• Collaboration: Work closely with loan processors, originators, and other stakeholders to facilitate a smooth loan process and address any issues that arise.
• Decision Making: Make timely and informed credit decisions, adhering to company policies and procedures, and communicate those decisions to relevant parties.
• Customer Service: Provide excellent customer service by addressing questions and concerns from borrowers, brokers, and internal teams in a professional and timely manner.
• Continuous Improvement: Participate in ongoing training and development to stay current with industry trends and underwriting best practices.

Required Education And Experience

• Education: Bachelor’s degree in finance, real estate, business administration, or related field preferred.
• Experience: Minimum of 5 years of experience in mortgage underwriting, with at least 3 years specializing in multi-family properties.
• Knowledge: Strong understanding of multi-family mortgage products, real estate market trends, and property valuation methods.
• Skills: Proficiency in financial analysis, risk assessment, and the use of underwriting software. Strong attention to detail and problem-solving skills.
• Certifications: Underwriting certification (e.g., FHA DE, VA LAPP/SAR) is a plus.
• Communication: Excellent written and verbal communication skills, with the ability to explain complex financial concepts to non-experts.
• Compliance: Familiarity with regulatory requirements, including but not limited to Fannie Mae, Freddie Mac, and HUD guidelines.

Benefits

• Medical Insurance
• Dental Insurance
• Vision Insurance
• Life & Disability Insurances

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United States Pay Range

$35.00/hr – $45.00/hr USD