Non-QM Underwriter (Wholesale)

loanDepot • Chandler, AZ

5d • Onsite

About The Position

Responsible for performing a detailed review of mortgage documentation to ensure the loans meet applicable guidelines. This detailed review will include all documentation such as credit reports, income documentation, asset documentation, collateral, and other necessary documentation to render a decision consistent with internal policies and investor guidelines. The role ensures all duties are performed in accordance with the company’s policies and procedures, and all U.S. state and federal laws and regulations where the company operates. loanDepot (NYSE: LDI) is a digital commerce company dedicated to serving its customers throughout the homeownership journey. Since its inception in 2010, loanDepot has transformed the mortgage industry with a digital-first approach, simplifying and expediting the process of purchasing or refinancing a home. Today, loanDepot helps customers achieve homeownership through a comprehensive suite of lending and real estate services. Headquartered in Southern California with offices nationwide, loanDepot is also committed to community service through various philanthropic efforts.

Requirements

• Minimum of two (2) + years’ experience working in a similar field.
• Non-QM underwriting experience required.

Nice To Haves

• Bachelor’s Degree preferred
• Current FHA and VA certification preferred

Responsibilities

• Underwrites various loan products, within designated lending authority levels, to company, investor, and/or industry guidelines.
• Reviews and analyzes documentation provided on each loan including but not limited to the 1003, credit report, income and asset documentation, purchase agreement, title report, etc. to make an informed lending decision in compliance with company policies and guidelines.
• Documents lending decisions and completes required screens in the company’s system of record, to include the accurate completion of the various forms as required, as well as adding and/or creating applicable conditions of the loan approval.
• Reviews conditions submitted on loans and signs off on the condition(s) when appropriate.
• Effectively explains rationale behind credit decision as necessary.
• Works closely with various internal team members to answer loan-specific underwriting questions, discuss specific conditions or documentation requested, and resolve problems as necessary.
• Runs, reads, and interprets Automated Underwriting Decision Results (such as Desktop Underwriter/Loan Prospector or other proprietary systems).
• Mentors and performs Second Sign reviews for as necessary.
• Provides active feedback to senior management on various topics, including methods of continual process improvement.

Benefits

• Aggressive compensation package based on experience and skill set.
• Inclusive, diverse, and collaborative culture where people from all backgrounds can thrive.
• Extensive internal growth and professional development opportunities including tuition reimbursement.
• Comprehensive benefits package including Medical/Dental/Vision.
• Wellness program to support both mental and physical health.
• Generous paid time off for both exempt and non-exempt positions.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees