Why SAFE?SAFE offers so much more than just full medical, vision, dental, 401k matching, HSA, and FSA! Learn more about how we support our workforce!
- Professional Development Opportunities: Offering training programs, workshops, and mentorship.
- Recognition and Appreciation: Regularly acknowledging employee achievements and contributions.
- Flexible Work Arrangements: Providing options for remote work and flexible scheduling.
- Positive Company Culture: Fostering an inclusive, collaborative, and supportive work environment.
- Career Growth: Clear paths for career advancement and internal promotions.
- Work-Life Balance: Encouraging a healthy balance between professional and personal life.
- Employee Empowerment: Allowing employees to make decisions and have autonomy in their roles.
- Space of Belonging: ERGs, YOUnity Council and a focus around diversity, equity inclusion and belonging.
- Wellness Programs: Promoting physical and mental health through wellness initiatives and resources.
- Strong Leadership: Having leaders who inspire, support, and guide their teams effectively.
- Sense of Purpose: Creating a sense of mission and aligning company goals with employees' personal values.
POSITION PURPOSE:
The Senior Real Estate Underwriter is responsible for analyzing and verifying residential loan applications, evaluating risks, and making loan eligibility decisions in accordance with agency guidelines, ATR/QM standards, SAFE policy overlays, and SAFE Jumbo Program Loan eligibility, as applicable. The Senior Real Estate Underwriter will exercise sound judgment based on detailed analysis and ensure all documentation complies with the relevant regulations, guidelines and required quality standards.
ESSENTIAL FUNCTIONS AND BASIC DUTIES
- Underwrite and authorize residential loan applications in accordance with policies, procedures and prudent underwriting guidelines and practices within approved loan authority limits.
- Review and verify loan applications and supporting documentation.
- Review and perform risk assessment of credit report, income and asset documentation for each borrower.
- Review and perform risk assessment of collateral documentation, including analysis of appraisal to ensure valuation and improvements are sufficient for credit request.
- Review application, documentation and overall transaction for any potential red flags, ensuring they are addressed and resolved, as necessary.
- Review applicable DU/ LPA (AUS) findings to ensure loan meets investor/agency guidelines.
- Review applicable SAFE Program Eligibility Matrix and Handbook to ensure loan meets Jumbo and/or ATR requirements for Non-QM programs as needed.
- Review, disposition and add loan conditions based on documentation provided in accordance with SAFE policies, guidelines and/or AUS findings.
- Document and effectively communicate reasons for loan decisions.
- Consult with mortgage sales and operations staff to structure loans within agency/investor requirements.
- Manage production pipeline while meeting prescribed SLA’s.
- Provide feedback, educate and mentor sales and operations staff while answering questions, as needed.
QUALIFICATIONS
Education/Certification:
- High School Diploma
- Bachelor's degree from four-year college or university preferred, not required.
Experience Required: 3-5 years of residential underwriting experience and thorough knowledge of the mortgage business; or equivalent combination of education and experience. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Job Type: Full-time
Pay: $37.00 - $45.00 per hour
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Schedule:
- 8 hour shift
- Day shift
- Monday to Friday
- Weekends as needed
Ability to Commute:
- Folsom, CA 95630 (Required)
Ability to Relocate:
- Folsom, CA 95630: Relocate before starting work (Required)
Work Location: Hybrid remote in Folsom, CA 95630
