Non-QM Mortgage Underwriter
About The Position
The Credit Underwriter is to issue credit decisions based on the documented borrower profile within the guidelines of the program and client requirements. Underwriters are to meet the minimum daily production goals plus clearing conditions and perform within department audit standards. Underwrite residential mortgage loans in accordance with Conventional guidelines. Input of data and analysis of findings in Loan Prospector, Desktop Underwriter, Asset wise, other AUS engines, and OES. Identify and assess overall risk and potential fraud exposure resulting from clients' underlying business practices. Meet the minimum daily production goals and quality targets plus clearing conditions and perform within department audit standards. Review of credit reports to determine credit patterns, current liabilities, outstanding judgments, and collections. Review of residential mortgage appraisal forms and calculations of Loan to Value ratios. Analyze income from salaried, commissioned, self-employed, investments, fixed income sources. Analyze assets statements for all types of asset accounts. Ability to work overtime and weekends if needed. Perform other related duties as assigned.
Requirements
- 3+ years of underwriting experience with non-QM loans
- Must have manual underwriting experience (automated underwriting is a disqualifier)
Responsibilities
- Issue credit decisions based on the documented borrower profile within the guidelines of the program and client requirements.
- Meet the minimum daily production goals plus clearing conditions and perform within department audit standards.
- Underwrite residential mortgage loans in accordance with Conventional guidelines.
- Input of data and analysis of findings in Loan Prospector, Desktop Underwriter, Asset wise, other AUS engines, and OES.
- Identify and assess overall risk and potential fraud exposure resulting from clients' underlying business practices.
- Review of credit reports to determine credit patterns, current liabilities, outstanding judgments, and collections.
- Review of residential mortgage appraisal forms and calculations of Loan to Value ratios.
- Analyze income from salaried, commissioned, self-employed, investments, fixed income sources.
- Analyze assets statements for all types of asset accounts.
- Ability to work overtime and weekends if needed.
- Perform other related duties as assigned.
Benefits
- Full benefits package
- Health Insurance: Comprehensive medical, dental, and vision coverage
- 401(k) Retirement Plan: Includes employer matching contributions
- Student Loan Payback Program: Financial assistance for student debt
- Paid Time Off (PTO): Generous accruals for vacation, sick leave, and holidays
- Life & Disability Insurance: Employer-paid options for added security
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
