CREDIT EXCEPTIONS UNDERWRITER
About The Position
The Mortgage Credit Exception Underwriter evaluates mortgage loan files that fall outside standard underwriting guidelines. The role reviews credit exceptions, analyzes borrower risk, ensures compliance with investor and regulatory requirements, and makes recommendations based on compensating factors. It requires strong analytical skills, knowledge of mortgage lending guidelines, and the ability to balance risk management with business objectives. This is a part-time, 100% remote position. The underwriter is expected to meet established production, quality, and service-level expectations. Occasional overtime may be required to meet business needs.
Requirements
- At least 5 years of mortgage underwriting, credit risk, or mortgage quality control experience, including the most recent 2 years specifically in Non-QM.
- Strong knowledge of Non-QM loan products, including DSCR, bank statement, asset qualification, full documentation, P&L, and 1099.
- Excellent analytical, decision-making, and problem-solving skills.
- Strong written and verbal communication abilities.
- Proficiency with Encompass and Microsoft Office applications.
- Ability to manage multiple priorities in a fast-paced environment.
- Ability to meet established production, quality, and service-level expectations.
Responsibilities
- Review mortgage loan applications requiring credit exceptions to established underwriting guidelines.
- Analyze borrower credit history, income, assets, collateral, and overall risk profile.
- Evaluate compensating factors to determine the acceptability of credit exceptions.
- Ensure compliance with federal regulations, agency guidelines, investor requirements, and internal lending policies.
- Document exception decisions with clear, detailed rationale.
- Collaborate with underwriters, loan officers, processors, quality control teams, and management to resolve complex loan scenarios.
- Identify trends in exception requests and recommend process improvements.
- Maintain high levels of accuracy while meeting production and turnaround time standards.
- Participate in audits, quality assurance reviews, and regulatory examinations as needed.
- Stay current on changes to mortgage regulations, underwriting guidelines, and investor requirements.
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What This Job Offers
Job Type
Part-time
Education Level
No Education Listed
