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Newfi Lending · 22 hours ago

DSCR NQM Underwriter

United States

Full-time

Remote

Mid, Senior Level

$90K/yr - $105K/yr

5+ years exp

Newfi Lending is a leading Non-QM lender founded in 2014 and headquartered in Emeryville, CA. They are seeking a DSCR NQM Underwriter to analyze the accuracy and compliance of residential mortgage loan applications, minimizing risk exposure by certifying applications are underwritten to applicable parameters.

BankingFinanceFinancial ServicesMortgage

Hiring Manager

Elise S.

Responsibilities

Completing a thorough analysis of loan applications to assess accuracy of data, evaluate risk and compliance with company and investor guidelines and subsequently issuing compliant loan decisions

Subsequent review of resubmitted documentation and analysis as necessary to issue a final loan decision

Responding to loan audits and post-closing requests for additional documentation in a timely manner

Completing self-provisioned and assigned training and research to maintain a current working knowledge of investor guidelines and policies

Other duties as assigned by Supervisor or Manager

Completing self-provisioned and assigned training and research to maintain a current working knowledge of agency and investor guidelines and policies

Qualification

Underwriting DSCR loansLoan application analysisRisk assessmentCompliance knowledgeComputer skillsAnalytic skillsAttention to detailDecision-making skillsInterpersonal skillsCommunication skillsTime managementSelf-motivated

Required

3+ years current experience as an underwriter reviewing all facets of the credit file, including collateral, and condo documents to Non-QM Loan guidelines, specifically DSCR products

5+ years minimum prior underwriting experience

Must have current or recent experience in underwriting DSCR loans

Excellent analytic skills, attention to detail, and decision-making skills

Professional and effective interpersonal skills. Ability to build strong relationships with internal business partners to achieve success

Excellent level of oral and written communication skills. Ability to communicate across a variety of audiences

Ability to work within time constraints

Intermediate level of computer skills and the ability to function in a windows environment utilizing Outlook, Word, and Excel

Ability to rapidly acquire detailed knowledge of departmental policies, practices and procedures

Strong time management skills, fast learner, self-motivated, and comfortable taking initiative and handling multiple responsibilities

Committed to taking responsibility and ownership for agreed actions and delivery