Analyzes and renders credit decisions on mortgage loan applications consistent with internal policies and investor guidelines. Evaluates loan packages for loans to be sold to the secondary market and portfolio loans for first and second trust deed financing. Ensures loan packages are complete and compliant with all university policies and requirements.
â¢ Reviews full credit packages to make decisions on mortgage loan applications. â¢ Evaluates residential mortgage loans risk on timely basis based on sound underwriting decisions. â¢ Approves, denies, or recommends modification of real estate loans based on detailed analysis of loan package to determine if the applicant presents an appropriate level of risk. Prepare reports based on the results from the risk analysis for use in decision-making. â¢ Reviews loan package for completeness. Validates supporting documentation and assets for credit, collateral and income-supporting documents. May request additional documents from applicant, real estate company or other third-party company. Reviews preliminary title reports, loan estimates, and all other required regulatory forms. â¢ Evaluates loan risk through verification of loan application information. Analyzes credit data and financial statements to determine the risk involved in extending credit or lending money. Verifies application information against loan criteria guidelines and standards (e.g., Freddie Mac, Fannie Mae, Ginnie Mae). Maintains currency with agency guidelines, making timely and appropriate policy changes. â¢ Evaluates applications for compliance to government, internal and investor standards. â¢ Responds to inquiries from applicants, brokers, retailers, and institution personnel regarding loan status, policies, procedures and related issues. When required, is responsible for ordering second appraisals.
Minimum Education: Bachelor's degree; Combined experience/education as substitute for minimum educationMinimum Experience: 5 yearsMinimum Field of Expertise: Conventional front-end underwriting knowledge. Experience with mortgage laws and regulatory requirements. Experience governing underwriting decisions for First Trust Deed programs, qualified and non-qualified mortgage loan products for purchase, refinance and equity transactions. Experienced in underwriting processes and requirements (e.g., calculations, credit, collateral).Proven experience identifying underwriting gaps to determine whether additional verification or analysis is needed. Highly analytical with a critical eye for data and documentation completeness and accuracy. Excellent written and oral communication skills.
USC is the leading private research university in Los Angeles—a global center for arts, technology and international business. With more than 47,500 students, we are located primarily in Los Angeles but also in various US and global satellite locations. As the largest private employer in Los Angeles, responsible for $8 billion annually in economic activity in the region, we offer the opportunity to work in a dynamic and diverse environment, in careers that span a broad spectrum of talents and skills across a variety of academic and professional schools and administrative units. As a USC employee and member of the Trojan Family—the faculty, staff, students, and alumni who make USC a great place to work—you will enjoy excellent benefits, including a variety of well-being programs designed to help individuals achieve work-life balance.