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Underwriter - Mortgage Fulfillment
PennyMac • Remote • Posted 21 days ago
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Remote • Full-time • $55,000-$85,000/yr • Mid Level
Job Highlights
Using AI ⚡ to summarize the original job post
The Mortgage Fulfillment Underwriter at PennyMac ensures that assets reviewed meet all applicable investor guidelines through a complete knowledge of requirements and regulations. This role involves making quality and accurate decisions on a full range of mortgage loans, including FHA loans, reviewing mortgage applications and documentation for accuracy, working with clients to prepare applications and resolve issues, and ensuring compliance with federal, state, and local regulations.
Responsibilities
- Decisions full range of mortgage loans, preferably including FHA loans
- Review all mortgage applications and documentation for accuracy and completeness
- Work with clients to prepare mortgage applications and related documentation as needed, help resolve any outstanding issues
- Work with compliance officers to ensure Federal, State, and local compliance of all mortgage and loan materials
- Approve or deny mortgages on a timely basis
- Perform other related duties as required and assigned
- Demonstrate behaviors which are aligned with the organization's desired culture and values
Qualifications
Required
- Bachelor's degree or equivalent work experience
- 3+ years of mortgage underwriting experience
- Solid knowledge of mortgage underwriting and of basic automated underwriting systems
- Proficiency with basic automated underwriting systems
- Knowledge of mortgage laws and regulations required, including Home Mortgage Disclosure Act
Preferred
- Knowledge of state and federal agency mortgage loan guidelines and regulations
About PennyMac
Pennymac is a national home loan lender and servicer offering a variety of mortgage products and services to help individuals achieve their homeownership goals. They prioritize accountability, reliability, and ethical practices in the mortgage lending industry. Pennymac provides resources and tools to support borrowers through the mortgage process.
Full Job Description
**PENNYMAC**
Pennymac (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.
At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.
**A Typical Day**
The **Mortgage Fulfillment Underwriter** ensures that the assets reviewed meet all applicable investor guidelines, through a complete knowledge of requirements and regulations. As the **Underwriter** , you will be held accountable for quality and accuracy of decisions.
The **Underwriter** will:
+ Decisions full range of mortgage loans, preferably including FHA loans
+ Review all mortgage applications and documentation for accuracy and completeness
+ Work with clients to prepare mortgage applications and related documentation as needed, help resolve any outstanding issues
+ Work with compliance officers to ensure Federal, State, and local compliance of all mortgage and loan materials
+ Approve or deny mortgages on a timely basis
+ Perform other related duties as required and assigned
+ Demonstrate behaviors which are aligned with the organization's desired culture and values
**What You'll Bring**
+ Bachelor's degree or equivalent work experience
+ 3+ years of mortgage underwriting experience required
+ Solid knowledge of mortgage underwriting and of basic automated underwriting systems
+ Proficiency with basic automated underwriting systems
+ Knowledge of mortgage laws and regulations required, including Home Mortgage Disclosure Act
+ Knowledge of state and federal agency mortgage loan guidelines and regulations helpful
**Why You Should Join**
As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do.
Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported.
**Benefits That Bring It Home:** Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered. Some key benefits include:
+ Comprehensive Medical, Dental, and Vision
+ Paid Time Off Programs including vacation, holidays, illness, and parental leave
+ Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)
+ Retirement benefits, life insurance, 401k match, and tuition reimbursement
+ Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships
To learn more about our benefits visit: https://pennymacnews.page.link/benefits
**Compensation:** Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:
+ Lower in range - Building skills and experience in the role
+ Mid-range - Experience and skills align with proficiency in the role
+ Higher in range - Experience and skills add value above typical requirements of the role
Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.
**Salary**
$55,000 - $85,000
**Work Model**
REMOTE
**Need help finding the right job?**
We can recommend jobs specifically for you!
California applicants, please click here to view our Privacy Policy andclick here (https://pennymac.icims.com/icims2/servlet/icims2?module=AppInert&action=download&id=282306&hashed=1906047654) to view our Privacy Notice.
**Requisition ID** _24-31076_
**Location** _US-AZ-Phoenix_
**Position Type** _Regular_
**Category** _Mortgage Operations_
**Education** _Bachelor's Degree_
**Years of Experience** _3_
**salary** _$55,000 - $85,000_
Pennymac (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.
At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.
**A Typical Day**
The **Mortgage Fulfillment Underwriter** ensures that the assets reviewed meet all applicable investor guidelines, through a complete knowledge of requirements and regulations. As the **Underwriter** , you will be held accountable for quality and accuracy of decisions.
The **Underwriter** will:
+ Decisions full range of mortgage loans, preferably including FHA loans
+ Review all mortgage applications and documentation for accuracy and completeness
+ Work with clients to prepare mortgage applications and related documentation as needed, help resolve any outstanding issues
+ Work with compliance officers to ensure Federal, State, and local compliance of all mortgage and loan materials
+ Approve or deny mortgages on a timely basis
+ Perform other related duties as required and assigned
+ Demonstrate behaviors which are aligned with the organization's desired culture and values
**What You'll Bring**
+ Bachelor's degree or equivalent work experience
+ 3+ years of mortgage underwriting experience required
+ Solid knowledge of mortgage underwriting and of basic automated underwriting systems
+ Proficiency with basic automated underwriting systems
+ Knowledge of mortgage laws and regulations required, including Home Mortgage Disclosure Act
+ Knowledge of state and federal agency mortgage loan guidelines and regulations helpful
**Why You Should Join**
As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do.
Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported.
**Benefits That Bring It Home:** Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered. Some key benefits include:
+ Comprehensive Medical, Dental, and Vision
+ Paid Time Off Programs including vacation, holidays, illness, and parental leave
+ Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)
+ Retirement benefits, life insurance, 401k match, and tuition reimbursement
+ Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships
To learn more about our benefits visit: https://pennymacnews.page.link/benefits
**Compensation:** Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:
+ Lower in range - Building skills and experience in the role
+ Mid-range - Experience and skills align with proficiency in the role
+ Higher in range - Experience and skills add value above typical requirements of the role
Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.
**Salary**
$55,000 - $85,000
**Work Model**
REMOTE
**Need help finding the right job?**
We can recommend jobs specifically for you!
California applicants, please click here to view our Privacy Policy andclick here (https://pennymac.icims.com/icims2/servlet/icims2?module=AppInert&action=download&id=282306&hashed=1906047654) to view our Privacy Notice.
**Requisition ID** _24-31076_
**Location** _US-AZ-Phoenix_
**Position Type** _Regular_
**Category** _Mortgage Operations_
**Education** _Bachelor's Degree_
**Years of Experience** _3_
**salary** _$55,000 - $85,000_
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