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Arc Home · 1 month ago

Non-QM Underwriter (Mountain/Pacific time zone)

United States

Full-time

Remote

Mid Level

$38/hr - $50/hr

3+ years exp

Arc Home is a leading provider of specialized Non-QM lending solutions and is seeking Non-QM Underwriters to join their team. The role involves manual underwriting of Non-Agency/Non-QM mortgage loans and performing credit analysis to ensure compliance with corporate and investor standards.

Financial ServicesMortgage

Responsibilities

Manually underwrite Non-Agency/Non-QM correspondent, wholesale/broker and retail loans in a timely manner to ensure loan meets all product and property guidelines of Company and investors, as well as meeting all established loan policies, credit limits and regulatory requirements

Analyze borrower’s credit file, collateral and capacity to ensure creditworthiness

Conduct thorough risk assessments to identify potential issues or red flags

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

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

Additional responsibilities as management sees fit

Be the subject matter expert (SME) in structuring Non-QM loans for the Company’s third-party originators and internal salesforce

Clear conditions timely on loans; affirm data integrity on all submissions

Identify and escalate to management any suspected or actual misrepresentation or fraud perpetrated by the prospective borrower, Loan Officer or third-party originator

Enter and maintain copious documentation of each case file within the Company’s LOS pertaining to the eligibility of the loan, including compensating factors, scenario desk results, fully completed Loan Transmittals (1008), system notes and accurate data entry

Keep up to date with all guideline changes and system enhancements

Perform such other tasks as may be assigned by your manager and/or senior management

Qualification

Mortgage UnderwritingNon-QM ProductsCredit AnalysisWholesale ExperienceFHAVA UnderwritingOcrolus KnowledgeAttention to DetailProblem-SolvingCommunication SkillsTime Management

Required

Minimum of 3 years mortgage underwriting experience

1+ year of exposure to the following programs: Bank statement, P&L, 1099, DSCR

High attention to detail and effective problem-solving skills

Ability to work independently, with minimal supervision and action as needed to complete a loan file

Ability to multitask in a high-volume environment

Excellent written and oral communication skills

Continuous focus on the customer experience

Willingness to directly communicate with broker / correspondent clients regarding underwriting results and the disposition of loans

Preferred

Experience in either Wholesale or Non-Delegated Correspondent channels preferred

FHA and VA underwriting experience is desirable

Working knowledge of Ocrolus is a plus

Benefits

Comprehensive Health Benefits: We offer competitive health, dental, and vision plans, as well as life and disability insurances. Additional supplemental insurance options are also available. Eligibility starts the 1st of the month after your start date.

Paid Time Off (PTO): PTO starts accruing from your first day of employment, allowing you to take the time you need. We also observe 10 paid holidays annually.

401(k) Retirement Savings Plan: We provide a Safe Harbor 401(k) plan with a generous company match to help you build a secure financial future. You can choose between Traditional and Roth 401(k) options.

Friends & Family Loan Program: Team Members and their family and friends can take advantage of discounted rates on home purchases or refinancing through this exclusive program.