Scenario Desk Underwriter

Bayview Asset Management•Denver, CO

10d•Remote

About The Position

Bayview Asset Management is an investment management firm founded in 1993 that focuses on investments in mortgage and consumer credit, including whole loans, asset-backed securities, mortgage servicing rights, and other credit-related assets. The Scenario Desk Underwriter is a full-time position based in Denver, Colorado, with flexibility to work remotely; the posting also describes the role as 100% remote. The position requires extensive experience underwriting non-agency mortgages, HELOCs, and non-qualified mortgages, particularly bank statement loans. The underwriter manages a scenario desk supporting eligibility questions and exception requests from a network of loan originators, and prepares bank statement income calculations that sellers can use when underwriting and originating loans for sale to Bayview. The role works closely with the non-agency capital markets and credit policy teams to ensure purchased loans comply with Bayview’s origination and purchase policies, and with the underwriting team to promote consistency in credit decisions.

Requirements

Minimum of 6–10 years of experience in an underwriting role.
Extensive experience underwriting non-agency loans.
Extensive experience underwriting non-agency mortgages, HELOCs, and non-qualified mortgages, especially bank statement loans.
Knowledge of QM/ATR requirements.
Extensive knowledge of mortgage banking origination practices, procedures, regulations, and law.
Strong understanding of operational responsibilities involved in purchasing, selling, and securitizing whole-loan assets as they relate to credit quality.
Comfort negotiating complex issues and resolving problems.
Working knowledge of Word, Excel, PowerPoint, and Access.
Effective verbal and written communication skills, including active listening and presenting findings and recommendations.
Ability to establish and maintain working relationships with coworkers, staff, and external contacts, and to work effectively in a professional team environment.

Responsibilities

Provide eligibility support to a network of correspondent sellers.
Approve exceptions as authorized.
Calculate eligible income from borrower-provided bank statements.
Foster strong relationships with sellers’ underwriting teams.
Work with sellers to clear due diligence conditions and resolve findings.
Ensure loan documents are accurate, complete, and sufficient to clear all conditions for final loan approval.
Review and evaluate loan files for risk issues and potential fraud or misrepresentation.
Analyze appraisals for valuation accuracy.
Perform other duties assigned by management.