Senior Bulk Underwriter

Redwood Trust Inc•Minneapolis, MN

2d•$100,000 - $120,000

About The Position

This role requires expert Non-QM mortgage underwriting and credit knowledge, strong organizational skills, and a proven track record of excellent client service, sound judgment, and problem-solving. The successful candidate will work closely with internal teams (Credit, Capital Markets, Sales, IT) and external partners (third-party service providers, sellers).

Requirements

Minimum of 7+ years of recent, direct Non-QM underwriting experience.
Expert underwriting knowledge and extensive experience with Non-QM and Jumbo mortgage products.
Technologically savvy, with the ability to work across varied systems; proficient with loan origination systems, automated underwriting engines, and electronic document management.
Strong Excel skills, including pivot tables, VLOOKUPs, and charts; able to create and edit content in Word and PowerPoint for presentations, training, and reporting required.
High attention to detail and effective problem-solving skills.
Excellent client service skills.
Excellent oral and written communication skills.
Strong analytical thinking, diplomacy, and professionalism.

Nice To Haves

Bachelor's degree recommended.
Occasional travel required.

Responsibilities

Act as the subject matter expert for internal and external parties in the accurate interpretation of Redwood, Agency, and investor underwriting guidelines.
Coordinate with the Compliance Officer to ensure adherence to federal and state regulatory requirements.
Collaborate with the Aspire Credit Team to review guidelines and identify and recommend credit policy and underwriting guideline revisions.
Maintain operational procedures and make suggested updates that optimize workflow efficiency for the bulk credit review process while providing excellent customer service.
Serve as the first-level escalation point for guideline and loan program scenarios, exception requests, appraisal reviews, and related process questions.
Provide summary reports and daily updates on all Aspire bulk transactions.
Monitor productivity to ensure performance standards are maintained, including underwriting audits.
Coordinate with and provide feedback to third-party due diligence firms to ensure quality loan reviews, acceptable service level standards, and clear communication.
Participate in evaluating third-party services that manage loan risk and enhance productivity, including appraisal products, fraud and verification services, and credit evaluation tools.
Provide rebuttals and corresponding documentation as needed for securitizations or loan sales to third parties.
Provide recommendations for workflow efficiencies consistent with policies and process flows.
Coordinate documentation and feedback with business analysts or project managers to support the development of automated workflows for efficient, scalable operations.