Underwriter / Processor

Company: ZINC Financial, Inc.
Location: Fresno
Posted on: June 20, 2022

Job Description:

Underwriter / Processor -COMPENSATION & BENEFITS SUMMARY:Schedule: - - - - - - - - - -Full Time M-F, on site. Salary: - - - - - - - - - - - - -Negotiable. -Benefits: - - - - - - - - - -Medical, Dental, Dental, Vision, Accidental Dismemberment & Death Insurance, Life Insurance, Retirement Plan, Paid Holidays, Generous PTO, Bereavement Pay, Fitness membership, on site lunches periodically, Dress Down Friday, Fresh Fruit, snacks & premium coffee, Kids Care schedule waiver, bring your pet to work days, free movie nights for your family, Cell phone discounts, Home buying assistance, oh ya--- and all you can eat free ice cream in our lounge, just to name a few.COMPANY HISTORY:Founded in 2006, ZINC is the premier leader in private money lending located in Fresno, California. We are Central California's No. 1 originator with over 1 billion in lifetime lending. -We continue to rank as Central California's large finance company in our asset class. -Our people are our core and we draw upon the experience of our team members to create the most powerful outcome for our team members, customers and investors.We are Creating Opportunity--- Join our team today. -Visit https://zinc.net/careers-at-zinc/COMPANY DIVISIONS: -ZINC Financial: - - - - - - - - - - - -ZINC Originates private money business purpose loans to individuals in the real estate rehab & Resale business. -This division continues to scale with exponential growth.ZINC Realty: - - - - - - - - - - - - - - - -As one of the largest rehabbers in the state, our completed renovated properties often have waiting lists & receiving multiple offers is common. -This segment continues to grow and leaves us very proud; improving communities, helping first time homebuyers while earning a fair profit.ZINC Auto Finance: - - - - -Constantly rated #1 for dealer satisfaction, ZINC's growth in this area continues at a swift pace. -ZINC purchases R.I.S.C. from independent & franchised car dealers throughout California. -We focus on invisible credit spectrums in the nonprime credit tier.ZINC Income Fund: - - - - -Our flagship mortgage fund with a sub REIT feature allows accredited investors to invest alongside the principals of ZINC. -Our fund continues to outperform all other similar asset classes since inception. -Principal protection, elevated returns and deep experience may help explain our consistent growth trajectory.JOB DETAILS: -The ideal candidate will be a self-starter with a deep understanding of title, escrow, loan docs, loan servicing, etc. -We are very volume-oriented and this position is extremely high paced. The below qualifications are comprehensive and while we would appreciate an individual with all characteristics, we understand a great candidate may or may not have all of our specific requirements. --- - - - - - - - -Evaluate loan risk through verification of loan application information. --- - - - - - - - -Assess eligibility of clients' applications to receive credit and /or a mortgage through investor capital --- - - - - - - - -Evaluate credit reports and appraisals to ensure both borrower and collateral meet the required portfolio quality --- - - - - - - - -Maintain knowledge base of local, state and Federal standards and regulations related to business purpose lending --- - - - - - - - -Utilize strong communication skills while working directly with title companies, mortgage officers, real estate agents and brokers to ensure transactions are successfully closed --- - - - - - - - -Structure proposed loan terms for borrowers that meet internal lending program hurdles --- - - - - - - - -Verify application information against loan criteria guidelines and standards. --- - - - - - - - -Clarify risk by requesting additional information. --- - - - - - - - -Identify and record application deficiencies required for rejecting loan. --- - - - - - - - -Provide rejected application back to loan officer. --- - - - - - - - -Respond to questions, queries and request with suitable information. --- - - - - - - - -Evaluate loans risk on timely basis based on sound underwriting decisions. --- - - - - - - - -Provide prompt, quality service to originating branches and correspondents professionally. --- - - - - - - - -Upgrade information on processing and underwriting systems to verify, add, delete or waive conditions. --- - - - - - - - -Recommend areas of improvement to staff and loan officers. --- - - - - - - - -Respond to product questions and scenarios with suitable answers. --- - - - - - - - -Assist with needs of Production Coordinators, Closers, Document Drawers and Funders. --- - - - - - - - -Ensure compliance with underwriter market standards. --- - - - - - - - -Assist in training new underwriters and origination staff members. -QUALIFICATIONS: -The ideal candidate will be a self-starter with a deep understanding of title, escrow, loan docs, loan servicing, etc. -We are very volume-oriented and this position is extremely high paced. The below qualifications are comprehensive and while we would appreciate an individual with all characteristics, we understand a great candidate may or may not have all of our specific requirements. -

• 2-4 Years in title & escrow operations
• 2-4 years in underwriting & processing or equivalent
• Loan servicing experience helpful & preferred
• Private money or hard money lending experience preferred
• Knowledge of loan documents, deeds, re-conveyances, deed assignments, etc.
• Faced Pace environment. -Often times the phone is ringing, emails are coming in and someone is waiting by your door for you to review a file and a borrower is waiting on you for an answer about an appraisal you ordered-all at the same time.
• Borrower qualification process, preapproval, etc.
• Excellent phone skills required & with extensive borrower interaction.
• Limited knowledge of Real Estate Purchase Agreements, disclosures etc.
• Experience in ZINC's loan products, private money, etc etcSOFTWARE KNOWLEDGE PREFERENCES:
  • Outlook
  • DocMagic
  • Electronic file storage
  • Heavy Email
  • Word
  • Excel
  • Mortgage Office loan servicing software
  • Property Insurance
  • Various online platforms including credit reports, Data quick, First American CoreLogic, etcSCHEDULE:
    • 8-hour shift
    • Monday - Friday (8am - 5pm)EDUCATION:
      • High School or EquivalentWORK REMOTELY:
        • Not availableCOVID-19 PRECATION(s)
          • Personal protective equipment provided or required
          • Social distancing guidelines in place
          • Sanitizing, disinfecting, or cleaning procedures in placeAPPLY: -For confidential consideration, Send resumes and salary requirements to:Debbie.d@zinc.net - - - - - - - - -Attention Human ResourcesFax - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -866.928.0978Mail - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -Attention Human Resources - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -1525 E Shaw - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -Fresno, CA 93710

Keywords: ZINC Financial, Inc., Fresno , Underwriter / Processor, Other , Fresno, California