Contract Due Diligence Underwriter

Maxwell

About The Position

Maxwell was founded in 2015 by homebuyers who were shocked by the complexity and inefficiencies of the mortgage process for borrowers and lending teams alike. We've built a platform that has not only streamlined the process and made it more efficient — closing loans 45%+ faster — but has made mortgages more accessible in the process. Our mission is clear: democratize mortgages by helping lenders work more efficiently and stay compliant while eliminating the barrier to entry and the stress for the borrower. This is YOUR CHANCE to bring rigor and precision to a mission that's reshaping how mortgages get made. As our Contract Due Diligence Underwriter, you'll dig into multi-state Non-QM, Conventional, Jumbo, Government, Correspondent, and business purpose loan packages, protecting the integrity of the loan manufacturing process for both purchases and refinances. If you thrive on detail, believe compliance and efficiency aren't at odds, and want to help spread financial empowerment, this is your Maxwell.

Requirements

5+ years of current experience in underwriting, preferably with prior experience in Quality Control
Minimum 1-year Due Diligence experience at a mortgage lending institution
Familiarity with best practices for post-close quality control on newly and seasoned originated mortgages
Strong knowledge of Fannie Mae/Freddie Mac guidelines, QM/ATR
Proficiency in Non-QM loan processes and requirements
A deep understanding of DSCR/business purpose loans
The ability to work with multiple investor guidelines and overlays
Strong ability to properly calculate income across a variety of earning types, from wage earners to business/self-employed income
Strong appraisal review skills
Excellent analytical and communication skills
Proficiency in pipeline management with the ability to multitask in a high-volume environment
The ability to work independently as well as contribute in a team environment

Responsibilities

Review mortgage loan files to ensure the accuracy of the information and verify the presence of all required documents
Perform due diligence review of the residential mortgage loan application and documentation as submitted to ensure loans meet specific investor/product guidelines and AUS requirements as applicable
Analyze borrower's credit profile, collateral, and capacity to repay the proposed mortgage obligation, including accurately calculating income and ensuring the borrower's ability to repay
Properly calculate and analyze loan-to-value ratios and debt carried
Analyze purchase contracts, title commitments, and other loan-pertinent documentation
Enter review results into the company's proprietary software
Execute risk analysis and make decisions regarding deficiencies identified during the review process, recommending resolution
Stay current on all agency, state, and multiple investor guidelines
Participate in ongoing training as the industry evolves
Manage time efficiently and prioritize workloads to meet minimum daily production goals
Clear QA feedback and perform within department audit standards
Adhere to the company's Core Values
Other duties as assigned by manager