New Penn Financial

  • Underwriter II (New Penn Financial)

    Job Locations US-CA-Costa Mesa
    Job ID
  • Overview




    Founded in 2008, New Penn Financial has become a leading nationwide lender by bringing together expertise, exceptional customer service, and extremely competitive rates on a broad offering of mortgage products (including Fannie Mae, Freddie Mac, Ginnie Mae, HUD, FHA, VA, USDA, and our portfolio products).  New Penn is licensed in 48 states plus the District of Columbia.   


    Primary Function

    The main focus of this role is to perform underwriting of conventional, FHA, VA and/or Jumbo mortgage loans including a detailed review of the residential mortgage loan application and documentation as submitted to ensure loans meet underwriting guidelines as established by New Penn Financial (NPF) and its investors. 

    Mission Statement:

    New Penn Financial has become a leading nationwide mortgage lender because we have the expertise, the product solutions and competitive pricing talented individuals expect. We maintain a favorable reputation because we deliver exceptional customer service to our borrowers and clients. Founded in just 2008 as a start-up, we have grown to over 1,800 employees nationwide with over 140 branches, licensed in 48 states. We have earned the recognition of Inc. Magazine’s 500/5000 Lists of Fastest Growing Private Companies, hold a position on Mortgage Executive Magazine’s list of 50 Best Companies to Work For, and regularly appear on the Scotsman Guide list of top lenders, to name a few.


    • Approves or rejects residential loans within prescribed authority
    • Analyzes borrower’s credit profile, collateral and capacity to repay the proposed mortgage obligation
    • Ensures loans meet New Penn, agency and government guidelines
    • Accurately calculates borrower’s income and debt-to-income ratios based on acceptable New Penn and agency practices
    • Documents lending decisions and completes required screens in the loan origination system that include accurate completion of the 1008 as well as adding and/or creating applicable conditions on the loan approval
    • Run, reads and interprets automated underwriting decision results from both Desktop Underwriter and Loan Prospector
    • Reviews conditions submitted on loans and sign off on conditions where appropriate
    • Keeps informed of current and acceptable practices
    • Communicates loans decisions to clients/internal departments in a timely fashion and ensures compliance deadlines are met with regards to pre-disclosures, approval letters, denial notices, and counteroffers.
    • Works closely with processing and/or account management to answer specific loan questions, to answer specific conditions or documentation requested and to resolve problems
    • Maintains and cultivates an effective working relationship with internal and external customers
    • Prioritizes work queue to ensure service level agreements are met
    • Consistently meets or exceeds established minimum productivity and quality goals
    • Provides quality control responses in a timely manner
    • Acts as a role model of the company’s values, acting in an ethical and professional manner at all times
    • Embraces company culture



    Education and Experience Requirements

    • Minimum 4 years of residential loan underwriting experience
    • DE or SAR certifications are highly preferred.  Strong processing background required
    • High school diploma required
    • College diploma preferred


    Knowledge, Skill, and Ability Requirements

    • Strong analytical skills
    • Ability to make risk based lending decisions supported with relevant data and research
    • Detail oriented
    • Knowledgeable with MS Office
    • Excellent Customer Service skills
    • Excellent verbal and written communication skills
    • Great organizational skills


    New Penn Financial, LLC is an Equal Opportunity Employer and Equal Opportunity Lender.


    Visa sponsorship not available for position.


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