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JMAC Lending · 10 hours ago

Non-Conforming Underwriter

United States

Full-time

Remote

Mid, Senior Level

$90K/yr - $110K/yr

5+ years exp

JMAC Lending is a leader in the mortgage industry with over 25 years of experience, known for its innovative products and commitment to service. The Non-Conforming Underwriter role involves underwriting agency and non-agency loans, evaluating documentation to assess borrowers' creditworthiness and mortgage obligations.

Financial ServicesVenture Capital

Growth Opportunities

Responsibilities

Conduct a comprehensive and precise analysis of all loan documents, including the AUS decision report, credit report, various income sources (both complex personal and business returns), assets, preliminary title report, appraisal, purchase agreement, escrow instructions, occupancy verification, as well as performing checks for red flags and potential fraud

Underwrite NON-QM, Jumbo, and Fixed Rate Second Mortgage programs

Review multiple income types including Full Doc, DSCR, Asset Utilization, Asset Depletion, Bank Statements(Business, Personal, and Co-mingled), P&L, 1099, Foreign National

Complete income calculations using both manual and system-based methods for all listed income types

Meticulously manage loan files and clear any conditions, demonstrating both attention to detail and a sense of urgency to meet customer needs

Accurately log loan data and decisions into our operating system, ensuring precision at every step

Review transaction matrices and internal investor overlays to guarantee compliance with all investor guidelines

Apply and uphold effective fraud detection methods. Proactively request additional information or documentation as needed, and identify risk factors that may affect the quality of the loan file

Assist in resolving any pre-funding or post-purchase loan issues by collaborating with the post-closing department to address any outstanding conditions or concerns

Communicate loan decisions clearly and professionally via phone or email to foster positive and productive relationships with colleagues and clients

Maintain open channels of communication with brokers and sales staff to ensure all inquiries are addressed promptly, showcasing exceptional customer service skills

Qualification

Underwriting experienceConventional loan productsJumbo loan experienceAlternative document experienceFNMA/FHLMC guidelinesComplex tax returnsMultitaskAttention to detailCommunication skillsOrganizational skills

Required

Must have recent underwriting experience with all Conventional loans products for a minimum of 5 years and is current on all updated guidelines, policies, and procedures

Current jumbo, non-agency, and alternative document experience for at least 3 years

Must be able to multi-task in a fast-paced environment while maintaining a high level of quality

Extensive knowledge of all FNMA/FHLMC and investor guidelines

Extensive knowledge of complex tax returns including multiple businesses and multiple financed properties

Able to multitask within multiple product suites

Maintain quality and production standards as set forth by management

Strong attention to detail, organization, and communication skills

Ability to work independently and adapt to a constantly changing environment

Communication skills, verbal and written, capable of expressing complex issues and soliciting input from a broad audience

Must comply with all BSA/AML requirements as well as any mandatory changes