Jumbo/Non-QM Underwriter

Cornerstone Home Lending•,

About The Position

Cornerstone Home Lending, a division of Cornerstone Capital Bank, is a unique national home lender with a reputation of amazing service, customer satisfaction, employee retention, and happiness. We employ people who are passionately committed to Cornerstone’s Mission, Vision & Core Convictions. Our brand is known for on-time closings - a key core conviction of Cornerstone. We have successfully navigated our company through many industry cycles and changes in regulations. We honor God by using our talents to make a positive difference in the lives of our Team Members, Clients, Shareholders, Communities, and the People who provide services to us. Cornerstone Home Lending is seeking a Jumbo/Non-QM Underwriter to support our offices. Success in this job relies on your time management skills, organization, and positive attitude!

Requirements

5+ years of mortgage industry experience
5+ years of jumbo and Non-Agency underwriting with complex income analysis required
Expert underwriting knowledge and extensive experience with loan origination documentation
Technologically savvy, with the ability to work in varied systems.
Proficiency with automated underwriting engines, electronic document management and other systems
High attention to detail and effective problem-solving skills
Excellent client service skills
Excellent oral and written communication skills
Excellent multi-tasking skills and ability to manage multiple tasks simultaneously
Analytical thinking ability, diplomacy and professionalism

Responsibilities

Due Diligence Underwriting
Ability to analyze the underwriting of Jumbo and Non-Agency mortgage loans in a timely manner for completeness and compliance guidelines and approved Seller variances.
Use of manual underwriting requires strong attention to detail.
Manage loan conditions from credit, property, and compliance reviews with Sellers and external 3rd party service due diligence providers.
Evaluate and provide recommendations for underwriting waivers and eligibility exceptions.
Clearly communicate, in written and verbal form, compensating factors to justify exceptions.
Maintain strong knowledge of mortgage compliance rules agency underwriting guidelines and industry standards for appraisal requirements and regulatory compliance.
Participate in evaluating current loan review processes and provide feedback and recommendations to increase efficiency and risk management capabilities.
Consistently review third party services (valuation, fraud, compliance) to provide valuable input for loan decisions.