Mission Loans, LLC · 1 week ago
Non-QM Underwriter
United States
Full-time
Remote
Mid, Senior Level
$38/hr - $40/hr
2+ years expMission Loans, LLC is seeking experienced mortgage professionals for the role of Non-QM Underwriter, where the primary mission is to evaluate borrower qualifications for mortgage loans. The Underwriter will ensure compliance with standards and deliver exceptional customer experiences while managing the underwriting pipeline and making independent decisions on loan applications.
FinanceFinancial ServicesProfessional Services
Responsibilities
Overall responsibility for (i) evaluation and decision of borrower qualification for a mortgage loan to ensure creditworthiness, (ii) ensuring compliance with company, agency, and investors standards, and (iii) delivering a best-in-class customer experience
Verify borrower loan application contains all necessary documentation, credit, and financial information; calculate qualifying ratios; identify borrower risk profile
Perform thorough analysis of borrower’s application such as: (i) income and expense data, (ii) asset documentation, (iii) credit reports, (iv) employment, (v) title and (vi) property valuations to affirm borrower stability, capacity to repay and qualification against company, agency and/or investor guidelines
Make and issue independent, compliant underwriting decisions detailing clear conditions necessary to clear the loan for closing
Partner with sales, customer relationship managers, and closers-funders to resolve problems, qualification issues, and clear conditions throughout the underwriting process
Manage underwriting pipeline queues (i.e., initial submissions, conditions, change requests, final approval) to deliver timely decisions that meet company-published service standards
Respond promptly to assist in resolving issues related to requests such as post-closing conditions, suspended loans, quality control audits, and investor audits/inquiries
Maintain current knowledge of company, agency, and investor underwriting guidelines and policies
Scenario support for production
Operate with a goal to meet and exceed internal and external customer expectations
Operate in a manner that promotes loan quality and compliance with lending laws
Maintain productivity and quality performance at or above required goals
Qualification
Required
Bachelor's degree preferred
2-5 years of underwriting experience in a high-volume mortgage setting
Extensive knowledge in the Non-QM products such as jumbo, DSCR, 1099 loans, bank statement, limited doc, etc
Advanced/Extensive knowledge and responsibility for compliance with state and federal regulations applicable to loan fulfillment
Advanced math skills; adept at calculating income from salaried and self-employed borrowers, qualifying ratios, and other relevant loan calculations
Basic proficiency in Microsoft Office products (Excel, Word, PowerPoint, etc.)
Preferred
Experience with Byte is a plus
Company
Mission Loans, LLC
Whether you’ve been dreaming of buying your first home with your young family or of diversifying your investment portfolio with real estate, you’re in the right place.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Billy Boulton
Vice President of Sales
Recent News
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