Non-QM Senior Underwriter (PST)

Job Description

Job Description

Are you ready to advance your career in a dynamic, industry-leading environment? Join NQM Funding, LLC, a top secondary market investor renowned for our expertise and innovation in the Non-QM space. We operate both wholesale and correspondent channels, backed by our strong partnership with a global investment management firm. At NQM Funding, LLC, we offer cutting-edge programs, exceptional service, and highly competitive pricing.

By joining our team, you’ll have the opportunity to work with a focused and passionate group of professionals who are committed to shaping the future of Non-QM lending. We offer an environment where your expertise is valued and your career aspirations can flourish. If you’re looking for a place to grow and make a tangible impact in the industry, NQM Funding, LLC is the perfect fit for you. Apply now to be part of a company that’s redefining excellence in Non-QM lending!

Our TPO Underwriting Department is looking to hire a Non-QM Senior Underwriter supporting PST business hours.

ALL REMOTE POSITIONS REQUIRE A DOWNLOAD SPEED OF NO LESS THAN 100 MBPS.

Job Title: Non-QM Senior Underwriter

Reports To: Non-QM Underwriting Team Lead/ AVP of Non-QM Underwriting

FLSA Status: Non-Exempt

Department: TPO Underwriting

Division: TPO

Salary Range: $105K to $125K per year

Summary: Responsible for reviewing complex Non-QM mortgage applications, analyzing the applicants credit history, employment history, income, assets and collateral to access risk and make a final loan decision.

Duties and Responsibilities:

• Complete thorough manual analysis of mortgage loan files to determine compliance with company guidelines, matrices, and procedures.
• Analyzing loan risk and requesting additional documentation as necessary.
• Calculate the borrower’s income and analyze their ability to repay the mortgage obligation. Candidate must be familiar with not only traditional income doc types, but also non-traditional doc types offered in Non-QM (bank statements, P&L, asset depletion, DSCR Cash Flow).
• Reviewing loan conditions as resubmitted.
• Making loan eligibility decisions by approving or rejecting loans, documenting the loan file appropriately and communicating the decisions effectively to all necessary parties.
• Maintain company productivity, service level and turn-time standards.
• Communicate effectively with sales, business partners (Brokers/NDC Clients), and internal team members.
• Respond to audits and post-closing issues in a timely manner.
• Maintain working knowledge of Non-QM, TPO and/or NDC guidelines and policies.
• Request exceptions and scenarios as needed.
• Mentor operations staff on underwriting deficiencies and calculation errors.
• Performs other related duties as assigned.

Skills:

• Math and critical thinking skills
• Financial analysis
• Ability to analyze complex Corporate Tax Returns
• Strong Communication skills
• Ability to adapt to technology
• Working knowledge of Microsoft office

Education/Experience:

• 5+ years prior underwriting experience
• Non-QM underwriting experience required
• Bachelor’s Degree preferred

NQM Funding, LLC offers the following benefits:

• Medical Plan
• Dental Plan
• Vision Plan
• GAP Insurance
• Life Insurance paid by the company
• Voluntary Life Insurance
• 401K
• Pet Insurance
• Legal Shield/ID Shield

Equal Employment Opportunity:

NQM Funding, LLC management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment.

NQM Funding, LLC will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same.

NQM Funding, LLC will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to NQM Funding, LLC