NQM Funding, LLC · 5 days ago
Non-QM Senior Underwriter
United States
Full-time
Remote
Mid, Senior Level
$105K/yr - $125K/yr
5+ years expNQM Funding, LLC is a top secondary market investor known for its expertise in the Non-QM lending space. The Non-QM Senior Underwriter will be responsible for reviewing complex Non-QM mortgage applications and making final loan decisions by analyzing applicants' credit history, income, and collateral.
FinanceFinancial ServicesLendingMortgage
Responsibilities
Complete thorough manual analysis of mortgage loan files to determine compliance with company guidelines, matrices, and procedures
Analyzing loan risk and requesting additional documentation as necessary
Calculate the borrower’s income and analyze their ability to repay the mortgage obligation. Candidate must be familiar with not only traditional income doc types, but also non-traditional doc types offered in NonQM (bank statements, P&L, asset depletion, DSCR Cash Flow)
Reviewing loan conditions as resubmitted
Making loan eligibility decisions by approving or rejecting loans, documenting the loan file appropriately and communicating the decisions effectively to all necessary parties
Maintain company productivity, service level and turn-time standards
Communicate effectively with sales, business partners (Brokers/NDC Clients), and internal team members
Respond to audits and post-closing issues in a timely manner
Maintain working knowledge of Non-QM, TPO and/or NDC guidelines and policies
Request exceptions and scenarios as needed
Mentor operations staff on underwriting deficiencies and calculation errors
Performs other related duties as assigned
Qualification
Required
5+ years prior underwriting experience
Non-QM underwriting experience required
Complete thorough manual analysis of mortgage loan files to determine compliance with company guidelines, matrices, and procedures
Analyzing loan risk and requesting additional documentation as necessary
Calculate the borrower's income and analyze their ability to repay the mortgage obligation. Candidate must be familiar with not only traditional income doc types, but also non-traditional doc types offered in NonQM (bank statements, P&L, asset depletion, DSCR Cash Flow)
Reviewing loan conditions as resubmitted
Making loan eligibility decisions by approving or rejecting loans, documenting the loan file appropriately and communicating the decisions effectively to all necessary parties
Maintain company productivity, service level and turn-time standards
Communicate effectively with sales, business partners (Brokers/NDC Clients), and internal team members
Respond to audits and post-closing issues in a timely manner
Maintain working knowledge of Non-QM, TPO and/or NDC guidelines and policies
Request exceptions and scenarios as needed
Mentor operations staff on underwriting deficiencies and calculation errors
Math and critical thinking skills
Financial analysis
Ability to analyze complex Corporate Tax Returns
Strong Communication skills
Ability to adapt to technology
Working knowledge of Microsoft office
Preferred
Bachelor's Degree preferred
Benefits
Medical Plan
Dental Plan
Vision Plan
GAP Insurance
Life Insurance paid by the company
Voluntary Life Insurance
401K
Pet Insurance
Legal Shield/ID Shield
Company
NQM Funding, LLC
NQM Funding, LLC is a top secondary market investor in the Non-QM space operating both wholesale and correspondent channels.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Dan Scrocco
Senior Vice President
Rudy Orman
Senior Vice President of TPO Lending
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