Senior Non-QM Underwriter

Role Description

Responsible for the prudent underwriting of Non-QM loans in accordance with company and investor guidelines. The duties for Non-QM Underwriter include, but are not limited to, those described below.

• Liaises among borrowers, investors, and escrow companies to communicate decisions on loans.
• Ensures loan files are complete with all outstanding issues addressed.
• Uses office equipment such as computer terminals, copiers, and FAX machines.
• Sits for extended time periods; hearing and vision within normal ranges.

Completes a thorough analysis of loan files to determine compliance with company and investor guidelines.

• Evaluates the entire credit package and collateral for residential mortgage loans to ensure an “investment” quality loan product.
• Checks accuracy of all calculations and data integrity.
• Completes all required underwriting worksheets found in FastTrac 360 Resource Center.
• Recommends loan disposition to underwriting manager for loan amounts in excess of authority limitation.
• Maintains company standard for productivity level and complies with company policy of 48-hour underwriting turnaround time and 24-hour turnaround time for clearing conditions.
• Strives to meet 2 decisions/day within allotted time.
• Communicates decision on loans to appropriate parties both verbally and in writing.
• Maintains underwriting activity logs and provides monthly underwriting report to underwriting manager.
• Frontline underwriting of non-QM loan products.
• Performs a thorough analysis of the applicant's income and expense data, asset documentation, credit reports, and property valuations.
• Performs manual underwriting, requiring detailed familiarity with various loan programs.
• Executes an appraisal analysis to determine that acceptable collateral standards are met.
• Available to processors for general guideline interpretations and questions on specific loan files.
• Responds to post-closing reviews and audits in a timely fashion.
• Performs related duties, as directed by Underwriting or Operations Manager.

Qualifications

• Minimum five years of recent NON-QM mortgage underwriting experience, with solid working knowledge of underwriting guidelines to include FNMA, FHLMC, and NON-QM Investors.
• Ability to review & calculate complex personal and/or business financials and tax profiles.
• Excellent written and verbal communication.
• Experience working in a fast-paced team environment.
• Encompass loan origination system experience required (5+ years).

Requirements

• Strong interpersonal-communication and business-relationship skills.
• Detail oriented.
• Excellent written and verbal communication skills.
• Technologically proficient in MS Windows software.

Education

• High school diploma.

Salary

• Min: USD $100,000.00/Yr.
• Max: USD $115,000.00/Yr.