Non-QM Underwriter

Onity

13d

About The Position

This position offers an exciting opportunity to play a crucial role in our Correspondent Lending business. We are hiring experienced Non-QM Underwriters to support the expansion of our rapidly growing non-delegated channel. The Non-QM Mortgage Underwriter reviews, conditions and underwrites mortgage loans in accordance with established policies and procedures and appropriate guidelines; examines all documentation for accuracy and completeness.

Requirements

Minimum three years mortgage experience underwriting non-QM loans
Working knowledge of FNMA and FHLMC and Non-QM guidelines
Ability to review and calculate complex personal and or business financials
Ability to underwrite Non-QM and Non-Agency products, including but not limited to bank statement income analysis, Asset Depletion, and DSCR
Ability to review credit reports, preliminary title reports, judgements, bankruptcy documents, appraisals and any additional applicable credit documents
Correspondent Lending experience preferred
Strong working knowledge of Encompass
Ability to effectively present information and respond to questions both internally and externally in a professional, articulate, and respectful manner.
Strong organizational, problem-solving, and analytical skills
Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm
Acute attention to detail
Provides quality control responses timely
Consistently meets or exceeds established minimum productivity and quality goal
Excellent customer service skills
Proven ability to handle multiple projects and meet deadlines
Good judgment with the ability to make timely and sound decisions
Must pass the Company’s Background Screening process prior to beginning employment.
Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.

Nice To Haves

Bilingual skills a plus
FHA and VA a plus

Responsibilities

Review and analyze the mortgage loan application to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines to minimize risk factors
Responsible for making independent decisions regarding acceptance and risk of loans according to FNMA, FHLMC, PHH, and applicable Non-QM investor guidelines
Approves loans, issues alternative options or adverse actions accordingly
Adheres to all applicable internal PHH Mortgage policies and procedures.
Meets determined service level time frame requirements set by management.
Work with staff and management to find solutions on escalated loans
Manage loans by using all functions of Encompass
Effectively communicate underwriting decisions to Seller
Maintain high level of customer service and communication both internally and externally
Other duties as assigned.