Senior Mortgage Underwriter (DE or SAR/LAPP)

Summit Funding, Inc is one of the oldest still privately owned top 50 national mortgage lenders.  When Todd Scrima, our owner and CEO founded our company in 1995 his dream was not to be the biggest, but to strive to be the best.   Our growth mindset, positive culture, and history of stability are just a few things that position our company as a leader in the mortgage industry.

Benefits and Perks:

• We offer a competitive compensation structure
• Full benefits include 401K with match, medical, dental, vision, PTO, and more.
• Flexible work schedule, remote and hybrid opportunities available. 

The Underwriter position is very essential to building a successful mortgage team.  The primary focus is to exceed our client’s expectations and deliver exceptional service.  This position is crucial in the development of strong, lasting client relationships by delivering timely, accurate and detailed underwriting decisions. Representing our company in a positive, professional and compassionate manner is essential. 

Starting pay ranges between $33-$58/hr DOE and location

This position reports out of the Sacramento Corporate Office but is offered as hybrid-remote or remote depending on experience and location.  

What YOU will do to make a difference at Summit Funding: 

• A sense of urgency and importance is required at all times. Every accommodation must be made to provide the best, fastest and most efficient service to our internal and external clients.
• A positive “can-do” approach to every file submitted is expected.  The goal is to find a way to approve every loan.
• It is mandatory that all new loan files are underwritten per the daily departmental standard set by Management.
• Underwriting turn time is to be no more than what is currently posted. 
• All Conditions are to be reviewed within stated turn time for file.
• All Resubmissions are to be reviewed within posted turn times for conditions or new loan submission depending on reason for resubmission.
• All Funding Conditions are to be reviewed as they are presented, same day and within sufficient time to accommodate funding.
• Run or re-run DU/DO as necessary to complete underwriting review.
• The Underwriting checklist must be completed and placed in every file reviewed. 
• Encompass must be accurate and updated throughout the day to reflect the current disposition and decision date.
• All conditions must be presented in a clear, specific and uncomplicated format and must be limited to items relating to the underwriting approval only.  Multiple conditions should not be lumped together. 
• The condition list should not be used for specific notes or condition clarification.  
• Summit Funding’s operating system must be utilized at all times to communicate and generate all underwriting decisions.
• All files considered for decline must be reviewed with the Operations Manager before the final decision is generated. 
• The conversation log must be utilized and updated at all times.
• Files are not to be sent to an investor for review or approval consideration without first being underwritten by a Summit Funding underwriter; unless prior Investor Approval is required per program parameters. The Underwriting Manager must approve all investor submissions.

• 5 years of current or recent experience (within the last 12 months) underwriting residential home loans for a retail lender working with multiple states
• Must have either DE or LAPP/SAR, both highly preferred
• The Underwriter must have a comprehensive knowledge of Conventional loan program guidelines and have a thorough understanding of automated underwriting engines.
• Special care to review cash, income, credit and property issues must be taken. 
• The Underwriter must be able and willing to train, coach and support staff as needed to enable them to provide complete, accurate and acceptable loan files for approval consideration.
• Solid Time Management skills and the ability to organize prioritize and perform multiple tasks simultaneously.
• High level of proficiency with mortgage loan processing and underwriting systems.
• Commitment to excellence and high standards.
• Excellent written and oral communication skills.
• Ability to manage priorities and workflow, and acute attention to detail.
• Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm.
• Proven ability to handle multiple projects and meet deadlines.
• Good judgment with the ability to make timely and sound decisions.
• Ability to effectively present information and respond to questions.
• Ability to build and sustain relationships with staff and branch personnel
• All Candidates within 50 miles of the Sacramento corporate office will be asked to work a hybrid schedule with two days per week in-office.

Applicants must be currently authorized to work in the United States on a full-time basis.

Summit Funding currently does not sponsor applicants for work visas.

All your information will be kept confidential according to EEO guidelines.