Community Savings · 1 day ago
Underwriter
United States
Full-time
Remote
Mid Level
3+ years expCommunity Savings is a financial institution specializing in mortgage solutions, and they are seeking a Non-QM Underwriter to manage the underwriting of non-agency/non-QM mortgage loans. The role involves performing credit analysis, ensuring compliance with standards, and making underwriting decisions based on borrower evaluations and loan documentation.
BankingFinancial Services
Responsibilities
Be a primary point of contact as a subject matter expert assisting the sales force in structuring eligible loans with the Company’s third-party originators
Interpret and provide appropriate loan solutions for Non-QM/Non-Agency loan requests
Analyze the borrower’s credit file, collateral, and capacity to ensure creditworthiness
Perform manual underwriting review to ensure the loan meets all product and property guidelines of the Company and investors and is compliant with corporate and secondary market investor standards
Underwrite Non-Agency/non-QM wholesale/broker loans in a timely manner to ensure they meet the company and investors' product and property guidelines and all established loan policies, credit limits, and regulatory requirements
Clear loan conditions in a timely manner; affirm data integrity on all submissions
Identify potential misrepresentation or fraud
Keep up-to-date with all guideline changes and system enhancements
Adhere to general work requirements
Work with internal and external partners to clear conditions in a timely manner
Make moderately complex loan decisions based on the borrower's overall worthiness, layering of risk, and all program requirements, and issue loan approvals, suspensions, counteroffers, or denials
Identify quality concerns and red flags and validate the accuracy of the risk associated with the borrower or property/collateral profile
Communicate decisions (written and verbal) to all parties (specifically brokers and sales partners as appropriate) and build relationships with internal and external partners
Perform other duties as assigned
Qualification
Required
3-5 years underwriting Non-QM loans, including DSCR, bank statement & P&L loans, Foreign Nationals, and ITIN loan programs
Manual DTI calculations, including full doc loans
Experience with Meridian Link/Lending QB
Strong analytical skills
Good verbal and written communication skills
Ability to provide outstanding customer service in a fast-paced environment
Company
Community Savings
NMLS #812294 (www.nmlsconsumeraccess.org) Member FDIC.
11-50 employees
Funding
Current Stage
Public CompanyTotal Funding
unknown2018-07-25IPO
Leadership Team
John Gulas
President and CEO
John Betts
Chief Financial Officer
Company data provided by crunchbase