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Plaza Home Mortgage, Inc. · 4 months ago

Non-QM Underwriter

United States

Full-time

Remote

Mid, Senior Level

4+ years exp

Plaza Home Mortgage, Inc. is a privately owned, full-service national lender that offers various mortgage products. The Non-QM Underwriter is responsible for evaluating mortgage applications that fall outside traditional agency guidelines, focusing on complex borrower situations and ensuring compliance with company policies and regulatory standards.

Financial ServicesInsuranceMortgageReal Estate

Responsibilities

Ability to manually underwrite complex transactions to ensure the loan meets established underwriting guidelines

Compute income and debt ratio calculations following program guidelines and ability to repay requirements

Underwrite loan files in accordance with investor and company Non-QM guidelines, focusing on DSCR, Bank Statement, Asset Depletion, and other alternative documentation loan programs

Maintain current knowledge of Non-QM investor guidelines, overlays, and program updates

Perform mortgage credit analysis with or without the assistance of an automated underwriting system and ensure lending decisions follow company guidelines and policies.Perform detailed analysis and review of appraisal for one-to-four family residential properties to determine acceptability of security for loan programs offered by Plaza

Review loan documents for accuracy and consistency and address discrepancies as necessary

Issue loan decisions to our business partners in a clear and concise manner

Document decisions via loan origination platform and complete all final loan decision forms as required

Identify red flags, layered risk, or potential fraud indicators in loan documentation

Provide exceptional customer service to both our internal and external customers, including but not limited to answering loan specific questions on non-agency programs and reviewing program requirements within established SLAs

Maintain production goals & standards in accordance with established SLAs and production metrics

Other duties as assigned

Qualification

Manual underwriting experienceNon-QM specific underwritingSelf employed income calculationsResidential underwriting experienceAttention to detailProblem-solving skillsInterpersonal skillsCommunication skillsWork fast-paced