Corporate Underwriting Analyst

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.

This Corporate Underwriting Analyst works effectively with the divisions, corporate personnel, third parties and investors so that suspended loans are cleared and purchased within the required time frame to minimize undue expense to the organization. The role is responsible for providing support to the Underwriting department and division associates, by driving increased knowledge, as well as analysis of process, tools, and loan review.

Job Duties

• Acts as a liaison with investors on post-closing issues as a primary member of the investor suspense team.
• Checks daily preparation and distribution of investor suspense pipeline report, to include outstanding investor suspense items from all investor sites and removal of purchased loans.
• Collaborates with the divisions and leadership to remedy defects, as needed, within required turn around times.
• Oversees the procurement of documentation necessary to satisfy suspense notices and post-closing audits as required.
• Validates all documentation received for relevancy in regard to the satisfying of the pertinent defect finding.
• Prepares accurate and well written rebuttals to investors and agencies to cure or refute defect findings.
• Monitors shipped loans until settlement to ensure timely suspense notification or purchase of the loan.
• Assists in training and reporting as defect trends arise.
• Identifies process gaps and opportunities within underwriting and operations.
• Assists additional internal departments as needed in curing post-closing audit findings including the procurement of documentation as needed from third parties.
• Maintains a working knowledge of all loan programs and guidelines.
• Escalates issues as needed by communicating directly with divisions, corporate personnel, and investors.
• Assists with writing and/or updating Policy and Procedures.
• Reconciles second review reports as needed.

Qualifications

• High School diploma required
• 5+ years experience in Mortgage Banking/Underwriting
• Experience with Desktop Underwriter and Loan Prospector underwriting systems required
• Familiarity with all loan origination and closing documents required,
• Strong knowledge of agency, non-agency and investor underwriting guidelines including FHA, VA, USDA, DSCR, nonQM and Jumbo products
• Knowledge of mortgage regulatory compliance required
• Knowledge of loan collateral delivery processs a plus
• Excellent oral, written, and interpersonal communication skills
• Experience writing rebuttal arguments to agencies and investors on audit findings
• Excellent research, analytical, and organizational skills
• Ability to manage time, multi-task, prioritize work in a high paced environment with time sensitive deadlines
• Ability to learn quickly and train others in all underwriting aspects of mortgage lending
• Ability to maintain confidentiality
• Exceptional attention to detail
• Solid commitment to customer and associate service
• Outstanding problem-solving ability
• Proven aptitude to work productively in both a team and individual environment
• Independent judgment skills essential to make decisions within written policy and standard operating procedures
• Proficient knowledge of MS Office (Word, Excel, Access, Power Point, and Outlook)
• Knowledge of Integra a plus

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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