NQM Funding, LLC · 5 hours ago

Non-QM Underwriter I (remote)

United States

Full-time

Remote

Entry Level

$75K/yr - $80K/yr

5+ years exp

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Responsibilities

Complete thorough manual analysis of mortgage loan files to determine compliance with company and investor guidelines and matrices to ensure salability of closed loans.

Analyzing loan risk and requesting additional documentation as necessary.

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.

Calculate the borrower’s income and analyze their ability to repay the mortgage obligation.

Ensure one all information is gathered that it is accurate, compliance standards are met, and the decision is in line with company policies and guidelines.

Maintain company service level and turn-time standards.

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.

Submit initial file and conditions to investor when necessary. Regularly check status of files with investor for completion of exceptions, initial review, and conditions cleared.

Mentor operations staff on underwriting deficiencies and calculation errors.

Performs other related duties as assigned.

Qualification

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Non-QM underwriting experienceFinancial analysisMath skillsCritical thinking skillsAnalyze Corporate Tax ReturnsAdapt to technologyMicrosoft Office knowledge5+ years underwriting experience