Be an early applicantLess than 25 applicants

Company

theLender · 14 hours ago

Non QM Underwriter

California, United States

Full-time

Remote

Mid Level

$46/hr - $51/hr

3+ years exp

Maximize your interview chances

ConstructionConsulting

Hiring Manager

Mary A.

Insider Connection @theLender

Discover valuable connections within the company who might provide insights and potential referrals.
Get 3x more responses when you reach out via email instead of LinkedIn.

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 borrower’s credit file, collateral and capacity to ensure credit-worthiness

Perform manual underwriting review to ensure the loan meets all product and property guidelines of Company and investors, as well as compliance with corporate and secondary market investor standards.

Underwrite Non-Agency/Non-QM wholesale/broker 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.

Clear conditions timely on loans; 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 overall worthiness of the borrower, layering of risk and all program requirements and issue loan approvals, suspensions, counter offers or denials.

Identify quality concerns and red flags and validate accuracy of associated risk to 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 both internal and external partners.

Perform other duties as assigned.

Qualification

Find out how your skills align with this job's requirements. If anything seems off, you can easily click on the tags to select or unselect skills to reflect your actual expertise.

Underwriting Non-QM loansCredit analysisEncompassComputer applicationsFHA experienceVA experienceDSCR loan programsBank statement loan programsP&L loan programs

Required

3-5 years underwriting Non-QM loans including DSCR, bank statement & P&L loan programs.

Expert with Encompass

Strong analytical skills

Good verbal and written communication skills

Ability to provide outstanding customer service in fast-paced environment.

Proficient working knowledge of computerized applications such as word processing, spreadsheet, database, presentation software, email and specialized business applications software

Presentation skills necessary to effectively communicate, update, persuade and/or facilitate discussions with all levels of management.

Interpersonal skills necessary to establish and maintain effective working relationships with coworkers, other business areas and government agencies as required.

Planning and organizational skills necessary to coordinate workload around multiple assignments.