Non-QM Underwriter

American Financial Network•Brea, CA

61d•$95,000 - $120,000•Remote

About The Position

The Underwriter is responsible for performing a complete credit assessment review to ensure compliance with appropriate company, agency, and secondary market investor standards to issue a loan decision. The Underwriter must evaluate loans to minimize risk and loss, maximize organizational profit, and clearly communicate a sound credit decision.

Requirements

Working knowledge and understanding of agency/industry regulations.
Working knowledge of Mortgage Loan Origination and Underwriting processes.
Ability to learn and follow company policies, procedures, and Underwriting protocol.
Ability to embrace technology and utilize a task-based workflow.
Excellent customer service and written/oral communication skills.
Excellent work ethic.
Prior Underwriting experience in a traditional retail lending environment, including but not limited to conventional and non-conforming (non-QM loans).
Minimum 3-5 years' experience underwriting Non-QM loans.

Responsibilities

Review assigned loans and issue a credit decision based on program guidelines and risk evaluation.
Validate accuracy of information presented on consumer's loan application.
Evaluate documentation to verify authenticity and consistency based on information presented within the consumer's loan application.
Request supporting documentation as necessary to satisfy all necessary guidelines and requirements.
Investigate applicant credit and employment history, calculate income, evaluate assets, assess consumer's ability to repay, and ensure collateral is supported.
Perform due diligence using provided tools, searches, and other methods to identify any discrepancies and minimize risk of misrepresentation or fraud on any given loan.
Monitor pipeline of various loan types to ensure loans are reviewed within a timely manner.
Review resubmissions and conditions and provide appropriate loan status updates to team members.
Provide excellent customer service and communication with both internal and external customers.
Respond to status requests, clarifications, and other service-related questions.
Ensure use of company's credit and underwriting policies and follow all applicable regulations, policies, procedures, and protocol when making credit decisions.
Recognize and escalate issues for second level review to a manager as necessary.
Complete final credit approval and sign off, ensuring all documentation within the loan file is satisfactory and in a deliverable state.
Review aged or problem loans as needed to assist with difficult loans to ensure they are saleable.
Review and respond to post-closing inquiries or errors as needed to resolve issues.
Participate in various department meetings and trainings (procedure changes, new programs, etc.).
Carry out other tasks as assigned.