Underwriter for Prefunding Quality Assurance

PREFUNDING QUALITY ASSURANCE UNDERWRITER WHAT IS THE OPPORTUNITY? Become a vital member of our team as a Prefunding Quality Assurance Underwriter, where your expertise will ensure the quality and compliance of loans with Fannie Mae's guidelines. In this role, you will report directly to the Prefunding Quality Assurance Manager and play an essential part in conducting in-depth underwriting reviews, collaborating with different teams to proactively address risks before loan closings. WHAT WILL YOU DO? Perform detailed prefunding QA underwriting reviews of selected loans, emphasizing credit, capacity, collateral, compliance, and legal documents to ensure accuracy and eligibility according to Fannie Mae's Selling Guide. Conduct reverifications of borrower data through independent third-party sources to unearth any material misrepresentations and identify potential fraud risks. Examine appraisals and collateral to evaluate property valuation risks, utilizing Fannie Mae tools to enhance defect evaluations. Spot and categorize defects based on their severity, providing comprehensive documentation and recommendations for corrective actions prior to funding. Engage in the QA cycle, overseeing reviews, managing rebuttals, and providing final determinations to ensure efficient resolutions before closing. Analyze loans from various channels with a focus on high-risk attributes to bolster our fraud prevention measures. Use various QA and underwriting tools to ensure thorough loan evaluations and uphold top-notch quality in the underwriting process. Assist in conducting root cause analysis for identified defects, aiding in the creation of corrective action plans and process improvements. Maintain meticulous documentation of all reviews and findings to support regulatory audits and comply with retention policies. Collaborate with the QA team to track defect trends and foster a culture of quality through ongoing training and calibration sessions. WHAT DO YOU NEED TO SUCCEED? Required Qualifications Bachelor's degree in Finance, Business Administration, or a related field is preferred; relevant certifications such as DE Underwriter certification are a plus. 5-7 years of experience in mortgage underwriting or quality assurance, with a specific focus on prefunding reviews. Additional Qualifications Deep understanding of Fannie Mae's Selling Guide and quality assurance processes, including risk assessment and defect classification. Expertise in mortgage regulations and compliance, alongside strong analytical skills with a meticulous eye for detail. Familiarity with QA and underwriting tools such as Loan Quality Connect, Collateral Underwriter, and Desktop Underwriter, among others. Effective communication capabilities for clear documentation and teamwork across departments. A demonstrated ability to perform effectively in a fast-paced environment while ensuring accuracy and meeting deadlines. WHAT'S IN IT FOR YOU? Compensation: Starting base salary: $87,027 - $138,965 per year, plus eligibility for bonuses and commissions based on skills and experience. Benefits and Perks: We provide comprehensive healthcare coverage, a generous 401(k) matching contribution, opportunities for career advancement, valuable time-off benefits, specialized health and family planning support, and a robust culture of inclusion and community involvement. Be part of City National Bank, an organization built on a legacy of integrity and exceptional client relationships. Discover more about our vibrant company culture on our website.

Created: 2026-03-04