Description

Position Overview:

The Wholesale Non-QM Underwriter reviews and underwrites Non-QM mortgage loan applications and property appraisals and evaluates the loans to minimize risk or loss within regulatory guidelines. 

Ideal candidates for this position will be experienced underwriting Non-QM loans, highly detail-oriented, and familiar with loan program guidelines. 

Essential Functions of the Role:

• Analyze and underwrite Non-QM mortgage loans within compliance guidelines and approved seller variances.
• Manage loan conditions and provide recommendations for underwriting waiver and eligibility exceptions.
• Communicate with loan originators and processors regarding loan status, approvals, suspensions, denials, and conditions.
• Maintain a pipeline of loans adhering to posted service level agreements.
• Remain current on loan program requirements and review documents for compliance.
• Other duties as assigned.

Classification: Full Time, Non-Exempt

Essential Knowledge/Skills/Abilities:

• Knowledge of regulatory requirements (RESPA, TILA, etc.)
• Strong communication skills
• Excellent organizational skills
• Highly detail-oriented
• Ability to work across organizational boundaries
• Strong decision making skills
• Advanced problem solving capabilities
• Strong critical thinking skills
• Proven ability to prioritize and multi-task
• Understanding of Non-QM products

Experience Requirements:

• Minimum of five (5) years of mortgage underwriting experience required.
• Minimum of three (3) years of underwriting Non-QM loans with complex income analysis required.
• National bond program experience preferred.

Education / Licensing Requirements:

• High school diploma or equivalent required. Some college preferred.

Working Conditions:

• Fast-paced environment.
• Requires normal vision (corrected) both close and distant.
• Requires normal hearing levels (corrected).
• Requires working at a desk to use a phone and computer for extended periods of time.
• Requires sitting, bending.
• Works effectively with frequent interruptions.
• Lifting requirements of 10 lbs. occasionally.
• Minimal travel <5%.