Non-QM Underwriter

Maxwell

79d • $36 - $38

About The Position

The position involves a thorough review of loan files to determine deficiencies and/or issues, ensuring compliance with investor guidelines and company policies. The role requires concise and accurate conditioning of loan files, meeting turn time objectives, and analyzing complex tax returns. The candidate will communicate positively with processors and loan officers to assist in moving files to closing as quickly as possible. Additionally, the role includes running AUS and vendor software, completing thorough reviews and sign-offs of appraisals, and maintaining acceptable quality control metrics. The candidate should also be able to train and mentor peers and support multiple loans to one borrower.

Requirements

• Excellent analytical & communication skills
• Must be conversant with Non-QM regulations
• Ability to work in a fast-paced multi-tasked environment
• Thorough knowledge of federal and state laws pertaining to the mortgage banking industry (i.e.: TILA, ECOA, RESPA, etc.)
• Strong appraisal review skills
• Great organizational and customer service skills
• Expert knowledge of AUS systems (DU, LP)
• Ability to underwrite/review complex purchase and refinance transactions
• Ability to work independently as well as part of a team
• A full understanding of recent FNMA/FHLMC underwriting guidelines
• Experience with Non-QM loan products and guidelines
• Strong understanding of Non-QM borrower profiles and documentation requirements

Nice To Haves

• 5+ years of current experience in Non-QM underwriting
• Encompass and/or Empower experience desired
• Experience with Non-QM loan origination systems and software
• Knowledge of alternative income verification methods and asset utilization strategies

Responsibilities

• A thorough review of loan files to determine deficiencies and/or issues
• Concise and accurate conditioning of loan files
• Meet turn time objectives
• Analyze complex tax returns
• Communicate with the processor and LO in a positive manner to assist in moving files to closing
• Concise and accurate input of data
• Run AUS and vendor software and analyze the results
• Complete a thoughtful and thorough review and sign off of appraisals
• Clear conditions as submitted while meeting turn-time objectives
• Maintain acceptable quality control metrics
• Ability to train and mentor peers
• Support and work on multiple loans to one borrower
• Proficient at client operating system
• Evaluate Non-QM loan applications to ensure compliance with investor guidelines and company policies
• Identify and mitigate potential risks associated with Non-QM loans

Benefits

• Competitive pay and meaningful equity as an employee at a fast-growing, venture-backed company
• A 401(k) and top-tier insurance plans to select from along with a FSA and HSA
• Flexible time off plus all 11 major holidays and 2 floating holidays for your birthday or other special day
• Two volunteer days - paid days off to volunteer each year at the charity of your choosing

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 101-250 employees