Non-QM Senior Underwriter

NQM Funding•Boca Raton, FL

13d•$105,000 - $125,000•Remote

About The Position

Are you ready to advance your career in a dynamic, industry-leading environment? Join NQM Funding, LLC, a top secondary market investor renowned for our expertise and innovation in the Non-QM space. We operate both wholesale and correspondent channels, backed by our strong partnership with a global investment management firm. At NQM Funding, LLC, we offer cutting-edge programs, exceptional service, and highly competitive pricing. By joining our team, youll have the opportunity to work with a focused and passionate group of professionals who are committed to shaping the future of Non-QM lending. We offer an environment where your expertise is valued and your career aspirations can flourish. If youre looking for a place to grow and make a tangible impact in the industry, NQM Funding, LLC is the perfect fit for you. Apply now to be part of a company thats redefining excellence in Non-QM lending! Our TPO Underwriting Department is looking to hire a Non-QM Senior Underwriter supporting PST business hours. ALL REMOTE POSITIONS REQUIRE A DOWNLOAD SPEED OF NO LESS THAN 100 MBPS. Job Title: Non-QM Senior Underwriter Reports To: Non-QM Underwriting Team Lead/ AVP of Non-QM Underwriting FLSA Status: Non-Exempt Department: TPO Underwriting Division: TPO Salary Range: $105K to $125K per year Summary: Responsible for reviewing complex Non-QM mortgage applications, analyzing the applicants credit history, employment history, income, assets and collateral to access risk and make a final loan decision.

Requirements

Math and critical thinking skills
Financial analysis
Ability to analyze complex Corporate Tax Returns
Strong Communication skills
Ability to adapt to technology
Working knowledge of Microsoft office
5+ years prior underwriting experience
Non-QM underwriting experience required

Nice To Haves

Bachelors Degree preferred

Responsibilities

Complete thorough manual analysis of mortgage loan files to determine compliance with company guidelines, matrices, and procedures.
Analyzing loan risk and requesting additional documentation as necessary.
Calculate the borrowers income and analyze their ability to repay the mortgage obligation.
Candidate must be familiar with not only traditional income doc types, but also non-traditional doc types offered in NonQM (bank statements, P&L, asset depletion, DSCR Cash Flow).
Reviewing loan conditions as resubmitted.
Making loan eligibility decisions by approving or rejecting loans, documenting the loan file appropriately and communicating the decisions effectively to all necessary parties.
Maintain company productivity, service level and turn-time standards.
Communicate effectively with sales, business partners (Brokers/NDC Clients), and internal team members.
Respond to audits and post-closing issues in a timely manner.
Maintain working knowledge of Non-QM, TPO and/or NDC guidelines and policies.
Request exceptions and scenarios as needed.
Mentor operations staff on underwriting deficiencies and calculation errors.
Performs other related duties as assigned.