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CoreVest Finance · 2 months ago

Non-QM Senior Underwriter (Aspire)

Englewood, CO, US

Full-time

Hybrid

Mid, Senior Level

$92K/yr - $112K/yr

7+ years exp

Redwood Trust, Inc. is a company committed to fostering an inclusive workplace. They are seeking a Non-QM Senior Underwriter who will be responsible for expert mortgage underwriting, credit analysis, and providing outstanding client service while interacting with internal and external parties.

Financial ServicesMortgage

Responsibilities

Ability to analyze the underwriting of conventional and jumbo Non-QM mortgage loans in a timely manner for completeness and compliance with Redwood purchase guidelines and approved Seller variances

Must be able to analyze multiple alternative income methods of income, (ie: complicated tax returns, bank statements, DSCR, 1099, asset depletion.)

Manage loan conditions from credit, property, and compliance reviews with Sellers and external 3rd party service due diligence providers

Evaluate and provide recommendations for underwriting waivers and eligibility exceptions

Clearly communicate, in written and verbal form, compensating factors to justify exceptions

Provide support to Redwood Sellers by evaluating and supplying feedback on loan scenarios, at times based on limited information

Understand and effectively work with Seller variances to product eligibility and underwriting guidelines

Participate in and provide clear feedback on credit policy recommendations

Maintain strong knowledge of mortgage compliance rules agency underwriting guidelines and industry standards for appraisal requirements and regulatory compliance

Participate in evaluating current loan review processes and provide feedback and recommendations to increase efficiency and risk management capabilities

Participate with Credit in onboarding new Non-QM sellers and provide underwriting training as needed

Consistently access third party services (valuation, fraud, compliance) to provide valuable input for loan decisions

Qualification

Non-QM underwritingConforming underwritingComplex income analysisMortgage compliance knowledgeLoan origination documentationExcel proficiencyClient service skillsMulti-tasking skillsAnalytical thinkingCommunication skillsProblem-solving skills