Non-QM Underwriter

Paramount Residential Mortgage Corp • Corona, CA

385d • $85,000 - $100,000 • Remote

About The Position

The Remote Non-QM Underwriter at Paramount Residential Mortgage Group (PRMG) is responsible for the prudent underwriting of Non-QM loans in accordance with company and investor guidelines. This role is fully remote and offers a competitive salary, overtime, and a monthly production bonus. The position requires strong analytical skills to evaluate loan files and ensure compliance with underwriting standards, while also maintaining communication with borrowers and other stakeholders.

Requirements

• Minimum five years of recent NON-QM mortgage underwriting experience.
• Solid working knowledge of underwriting guidelines including FNMA, FHLMC, and NON-QM Investors.
• Ability to review and calculate complex personal and/or business financials and tax profiles.
• Excellent written and verbal communication skills.
• Experience working in a fast-paced team environment.
• Encompass loan origination system experience required.

Nice To Haves

• Strong interpersonal-communication and business-relationship skills
• Detail-oriented
• Technologically proficient in MS Windows software

Responsibilities

• Completes a thorough analysis of loan files to determine compliance with company and investor guidelines.
• Evaluates the entire credit package and collateral for residential mortgage loans to ensure an 'investment' quality loan product.
• Checks accuracy of all calculations and data integrity.
• Completes all required underwriting worksheets found in FastTrac 360 Resource Center.
• Recommends loan disposition to underwriting manager for loan amounts exceeding authority limitation.
• Maintains company standard for productivity level and complies with the 48-hour underwriting turnaround time and 24-hour turnaround time for clearing conditions.
• Strives to meet 2 decisions per day within the allotted time.
• Communicates decisions on loans to appropriate parties both verbally and in writing.
• Maintains underwriting activity logs and provides monthly underwriting reports to the underwriting manager.
• Performs frontline underwriting of non-QM loan products.
• Conducts thorough analysis of applicant's income, expense data, asset documentation, credit reports, and property valuations.
• Executes appraisal analysis to ensure acceptable collateral standards are met.
• Available to processors for general guideline interpretations and questions on specific loan files.
• Responds to post-closing reviews and audits in a timely fashion.

Benefits

• Competitive salary
• Overtime pay
• Non-QM Underwriting Monthly Production Bonus

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: High school or GED