Non-QM Income Specialist
About The Position
The Non-QM Income Specialist is responsible for the first level of qualification for any borrower seeking a loan through CrossCountry Mortgage LLC. This position will review completed loan applications and documentation from the Loan Originator and pre-qualify all applicants according to published guidelines. The Income Specialist will alert the LO and support staff to potential problems in a loan. Once a loan is pre-qualified, the Income Specialist is responsible for the assessment of qualification. This position operates within Mountain and Pacific time zone working hours to support the Pacific region.
Requirements
- A minimum of 5 years’ experience as a Loan Processor, Loan Officer, or Underwriter in the mortgage industry.
- Proficient in Encompass, AllRegs, Desktop Underwriter, Loan Product Advisor, LoanBeam and industry standard income worksheets for self-employed applicants and wage earners.
- Knowledge of conventional and government lending guidelines and the ability to apply such guidelines to unique loan scenarios.
- Excellent problem solving skills.
- Excellent communication skills.
- Integrity in handling highly sensitive and confidential information.
Nice To Haves
- Bachelor’s degree in business, finance, or relevant field, preferred.
- NMLS License under the S.A.F.E. Act of 2008, preferred.
Responsibilities
- Perform an in-depth review of at least 75 proposed transactions per month.
- Reference a wide variety of income and asset documentation when assessing a loan application; determine borrower income based upon lending guidelines.
- Evaluate a purchase contract and determine borrower’s income, assets, liabilities, and obligations from the following document types: Income documentation including, but not limited to, paystubs, 1040’s, 1120’s,1065’s, W-2’s, 1099’s, K-1’s, social security, disability, and annuities. Checking accounts, savings accounts, mutual funds, IRA’s, 401k’s, insurance plans, stock and bond portfolios. Credit report and supporting documentation as it pertains to bankruptcy, foreclosure, short sale, public records, and depth of credit.
- Obtain and review required loan documentation to assess whether the loan conforms with published guidelines.
- Acquire borrower and third party documentation through clear and concise communication for Conventional, FHA, VA, purchase and refinance transactions in a manner that is consistent with all company policies and procedures as well as all regulatory requirements.
- Perform credit report analysis.
- Communicate calculations employed to pre-qualify the applicant and impart all essential information on assessment and analysis utilized.
- Understand and utilize debt-to-income ratio analysis.
- Provide excellent customer service by effectively communicating and cooperating with all internal and external customers.
- Maintain up to date knowledge of and ensure compliance with changes in published guidelines, policies, and procedures, standards and regulations applicable to the company and the mortgage industry.
Benefits
- CCM offers eligible employees a competitive compensation plan and a robust benefits package, including medical, dental, vision, as well as a 401K.
- We also offer company-provided short-term disability, an employee assistance program, and a wellness program.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
