Oaktree Funding Corp. · 4 hours ago
Oaktree Funding Corp. - NonQM Experts - Mortgage Underwriter
Oaktree Funding Corp. is a leading wholesale, correspondent, and retail lender specializing in Non-QM and Agency lending. They are seeking experienced Mortgage Loan Underwriters to review, analyze, and decision mortgage loan applications in compliance with company guidelines and investor requirements.
Responsibilities
Analyze and underwrite mortgage loan applications to ensure adherence to company and investor guidelines
Issue loan decisions (approvals, suspensions, and declines) based on a comprehensive review of borrower credit, income, and assets
Manage a loan pipeline, maintaining efficiency and compliance with turn-time expectations
Condition loans to meet program requirements while collaborating with internal teams for smooth processing
Work across multiple business divisions, underwriting Non-QM, Jumbo, FHA/VA, and DSCR loans
Maintain compliance with all regulatory and company policies
Qualification
Required
2+ years of mortgage underwriting experience, with a preference for Non-QM or Jumbo lending
Strong knowledge of manual underwriting—AUS experience alone is not sufficient
Excellent communication skills to work effectively with account managers and internal teams
Fraud detection experience is a plus
Not a fit for underwriters coming solely from large banks, as our approach requires hands-on, manual underwriting expertise
Preferred
Wholesale or correspondent lending experience preferred
Benefits
Competitive Compensation + Excellent Bonus Structure
401(k) with company match
Health, Dental, and Vision Insurance
Paid Time Off (PTO)
Life & Disability Insurance
Flexible Work Schedule
Employee Discounts & Professional Development Support
Hybrid Work Environment: In-office preferred for local candidates, remote available for experienced underwriters.