Paramount Residential Mortgage Group, Inc.

DE Underwriter IV

Paramount Residential Mortgage Group, Inc. • $85K — $105K *
Corona, CA 92882In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Minimum three years of mortgage underwriting experience with knowledge of underwriting guidelines
  • Experience with private investor and mortgage insurance guidelines
  • Strong interpersonal, communication, and relationship-building skills
  • Detail-oriented with excellent organizational abilities
  • Proficient in analytical thinking and both written and verbal communication
  • Technologically adept
  • Bachelor's degree in a related field or equivalent experience

Responsibilities

  • Analyze loan files for compliance with company and investor guidelines
  • Underwrite credit packages and collateral for residential mortgage loans
  • Ensure data accuracy and complete underwriting worksheets in Fast Trac 360
  • Assist in training new underwriters and recommend loan dispositions
  • Maintain productivity and meet underwriting turnaround targets
  • Communicate underwriting decisions to relevant parties
  • Log underwriting activities and prepare monthly reports

Benefits

  • Supportive training environment for new underwriters
  • Structured productivity standards with clear benchmarks
  • Access to advanced underwriting resources and technology
  • Opportunity to engage in auditing and post-closing reviews
  • Collaborative interactions with processors and correspondents
Full Job Description
Responsibilities

Mortgage Underwriter Responsiblities
  • Underwriter completes a thorough analysis of loan files to determine compliance with company, investor, and FHA/VA guidelines.
  • Underwrites the entire credit package and collateral for residential mortgage loans and ultimately ensures an "investment" quality loan product.
  • Checks accuracy of all calculations and data integrity. Completion of all required underwriting worksheets found in Fast Trac 360 Resource Center.
  • Assists with the training of new underwriters. - Recommends the loan disposition to underwriting manager for loan amounts in excess of authority limitation.
  • Maintains company standard for Underwriter productivity level, and complies with company policy of 48 hour underwriting turnaround time and 24 hour turnaround time for clearing conditions.
  • Strives to meet 3 Underwriting decisions/day within allotted time - Communicates decision on loans to appropriate parties both verbally and in writing.
  • Maintains underwriting activity logs and provides monthly underwriting report to underwriting manager.
  • Available to processors and correspondents for general Underwriter guideline interpretations and questions on specific loan files.
  • Responds to post closing reviews and audits in a timely fashion.
  • Performs related duties, as directed by Underwriter or Operations Manager.


Qualifications

Mortgage Underwriter Qualifications
  • Minimum three years of mortgage underwriting experience, with solid working knowledge of underwriting guidelines.
  • Experience Underwriting private investor and private mortgage insurance guidelines.
  • Strong interpersonal-communication and business-relationship skills.
  • Detail oriented with strong organizational and follow-through skills.
  • Excellent analytical, written communication and verbal communication skills.
  • Technologically proficient.
  • Bachelor's degree in related field or equivalent professional experience.


Min

USD $85,000.00/Yr.

Max

USD $105,000.00/Yr.

About Paramount Residential Mortgage Group, Inc.

Paramount Residential Mortgage Group, Inc. (PRMG) is a leading mortgage lender in the United States. The company provides a wide range of mortgage products and services, including conventional, FHA, VA, and jumbo loans. PRMG is committed to providing exceptional customer service and has a strong reputation for reliability and transparency. The company has a national presence, with over 200 branches across the country. PRMG is dedicated to supporting its employees and has been recognized as a top workplace by several organizations. The company is also committed to giving back to the community and supports a number of charitable organizations.
Learn more about Paramount Residential Mortgage Group, Inc.
Size
2,000 employees
Industry
Finance & Insurance
Founded
2001
* Ladders Estimates

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