Wholesale Non- QM Underwriter
About The Position
Wholesale Non-QM Underwriter Position Overview : The Wholesale Non-QM Underwriter reviews and underwrites Non-QM mortgage loan applications and property appraisals and evaluates the loans to minimize risk or loss within regulatory guidelines. Ideal candidates for this position will be experienced underwriting Non-QM loans, highly detail-oriented, and familiar with loan program guidelines. Essential Functions of the Role : Analyze and underwrite Non-QM mortgage loans within compliance guidelines and approved seller variances. Manage loan conditions and provide recommendations for underwriting waiver and eligibility exceptions. Communicate with loan originators and processors regarding loan status, approvals, suspensions, denials, and conditions. Maintain a pipeline of loans adhering to posted service level agreements. Remain current on loan program requirements and review documents for compliance. Other duties as assigned. Classification: Full Time, Non-Exempt
Requirements
- Knowledge of regulatory requirements (RESPA, TILA, etc.)
- Strong communication skills
- Excellent organizational skills
- Highly detail-oriented
- Ability to work across organizational boundaries
- Strong decision making skills
- Advanced problem solving capabilities
- Strong critical thinking skills
- Proven ability to prioritize and multi-task
- Understanding of Non-QM products
- Minimum of five (5) years of mortgage underwriting experience required.
- Minimum of three (3) years of underwriting Non-QM loans with complex income analysis required.
- High school diploma or equivalent required.
Nice To Haves
- National bond program experience preferred.
- Some college preferred.
Responsibilities
- Analyze and underwrite Non-QM mortgage loans within compliance guidelines and approved seller variances.
- Manage loan conditions and provide recommendations for underwriting waiver and eligibility exceptions.
- Communicate with loan originators and processors regarding loan status, approvals, suspensions, denials, and conditions.
- Maintain a pipeline of loans adhering to posted service level agreements.
- Remain current on loan program requirements and review documents for compliance.
- Other duties as assigned.
Benefits
- Medical, dental, and vision insurance
- Short-term and long-term disability
- 401(k) and Roth 401(k) plans and Company match
- Company-provided life insurance
- 8 paid holidays
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
Number of Employees
1-10 employees
