Remote Sr. Non-QM Underwriter

Paramount Residential Mortgage Group•Corona, CA

5d•$100,000 - $115,000•Remote

About The Position

Responsible for the prudent underwriting of Non-QM loans in accordance with company and investor guidelines. The duties for Non-QM Underwriter include, but are not limited to, those described below.

Requirements

Minimum five years of recent NON-QM mortgage underwriting experience, with solid working knowledge of underwriting guidelines to include FNMA, FHLMC, and NON-QM Investors.
Ability to review & calculate complex personal and/or business financials and tax profiles.
Excellent written and verbal communication.
Experience working in a fast-paced team environment.
Encompass loan origination system experience required 5+ years
Strong interpersonal-communication and business-relationship skills
Detail oriented
Excellent written and verbal communication skills
Technologically proficient in MS Windows software

Responsibilities

Completes a thorough analysis of loan files to determine compliance with company and investor guidelines.
Evaluates the entire credit package and collateral for residential mortgage loans and ultimately ensures an “investment” quality loan product.
Checks accuracy of all calculations and data integrity.
Completion of all required underwriting worksheets found in FastTrac 360 Resource Center.
Recommends the loan disposition to underwriting manager for loan amounts in excess of authority limitation.
Maintains company standard for productivity level and complies with company policy of 48 hour underwriting turnaround time and 24 hour turnaround time for clearing conditions.
Strives to meet 2 decisions/day within allotted time.
Communicates decision on loans to appropriate parties both verbally and in writing.
Maintains underwriting activity logs and provides monthly underwriting report to underwriting manager.
Frontline underwriting of non-QM loan products.
Perform a thorough analysis of the applicant's income and expense data, asset documentation, credit reports, and property valuations.
Performing manual underwriting, requiring a detailed familiarity with various loan programs.
Executing an appraisal analysis to determine that acceptable collateral standards are met.
Available to processors for general guideline interpretations and questions on specific loan files.
Responds to post closing reviews and audits in a timely fashion.
Performs related duties, as directed by Underwriting or Operations Manager.