Non-QM Underwriter

Job Description

Job Description

Description:

Job Summary

The Underwriter is responsible for performing a complete credit assessment review to ensure compliance with appropriate company, agency, and secondary market investor standards to issue a loan decision. The Underwriter must evaluate loans to minimize risk and loss, maximize organizational profit, and clearly communicate a sound credit decision.

Responsibilities

• Review assigned loans and issue a credit decision based on program guidelines and risk evaluation.
• Validate accuracy of information presented on consumer’s loan application.
• Evaluate documentation to verify authenticity and consistency based on information presented within the consumer’s loan application.
• Request supporting documentation as necessary to satisfy all necessary guidelines and requirements.
• Investigate applicant credit and employment history, calculate income, evaluate assets, assess consumer’s ability to repay, and ensure collateral is supported.
• Perform due diligence using provided tools, searches, and other methods to identify any discrepancies and minimize risk of misrepresentation or fraud on any given loan.
• Monitor pipeline of various loan types to ensure loans are reviewed within a timely manner.
• Review resubmissions and conditions and provide appropriate loan status updates to team members.
• Provide excellent customer service and communication with both internal and external customers.
• Respond to status requests, clarifications, and other service-related questions.
• Ensure use of company’s credit and underwriting policies and follow all applicable regulations, policies, procedures, and protocol when making credit decisions.
• Recognize and escalate issues for second level review to a manager as necessary.
• Complete final credit approval and sign off, ensuring all documentation within the loan file is satisfactory and in a deliverable state.
• Review aged or problem loans as needed to assist with difficult loans to ensure they are saleable.Review and respond to post-closing inquiries or errors as needed to resolve issues.
• Participate in various department meetings and trainings (procedure changes, new programs, etc.).
• Carry out other tasks as assigned.

Knowledge and Skills Required

• Working knowledge and understanding of agency/industry regulations.
• Working knowledge of Mortgage Loan Origination and Underwriting processes.
• Ability to learn and follow company policies, procedures, and Underwriting protocol.
• Ability to embrace technology and utilize a task-based workflow.
• Excellent customer service and written/oral communication skills.
• Excellent work ethic.

Credentials and Experience Required

• Prior Underwriting experience in a traditional retail lending environment, including but not limited to conventional and non-conforming (non-QM loans).
• Minimum 3-5 years’ experience underwriting Non-QM loans.

Supervisory Responsibilities, If Any

• N/A

Physical Demands

While performing the duties of this job, employee is regularly required to:

• Sit for extended periods of time
• Reach with arms and grasp with hands
• Perform tasks using a computer and peripherals (keyboard, mouse, monitor)
• Hear, talk, read, and write

Vision requirements include:

• Close vision (computer monitor, paperwork)

Salary Range: $95,000 - $120,000

The final salary will be determined based on the candidate's experience and qualifications. The offered salary is also negotiable within this range.

Work Location: Remote Position

What We Provide:

• Benefits: Medical, Dental, Vision, Life

• 401k

• Vacation/Sick Days

• Paid Holidays

Who We Are:

American Financial Network, Inc. “AFN” is a unique force in the mortgage market. We are one of the nation’s largest privately held mortgage companies with the resources necessary to compete on a national level with the largest publicly held banks. AFN maintains speed to decision, responsive communication and flexibility through its private ownership and flat organizational structure. We are a team of dynamic, visionary and opportunistic professionals that thrive on the utilization of teamwork and technology to outperform our competition. We are driven by a vision of being a market leader through creating the ultimate standard in customer service and being consistently better by always seeking new ways to improve.

We’re Proud of our Accomplishments!

• Top 100 Mortgage Companies in America in 2020 by Mortgage Executive Magazine

• 50 Best Companies to Work for by Mortgage Executive Magazine

• Top Mortgage Employer by National Mortgage Professional Magazine

• Top Mortgage Lenders by Scotsman Guide

• Most Loved Employers by National Mortgage Professional Magazine

• Honorable Culture of Well-Being Award by Cigna

• America’s Fastest Growing Companies by Inc 5000

• Most Powerful Women in Mortgage and Women of Influence awarded to our EVP of Operations by National Mortgage Professional Magazine & Housing Wire Magazine

American Financial Network, Inc. (“AFN”), NMLS #237341, is an Equal Opportunity Employer.