Remote Non-QM Underwriter

Overview:

Responsible for the prudent underwriting of Non-QM loans in accordance with company and investor guidelines. The duties for Non-QM Underwriter include, but are not limited to, those described below...

Essential Job Functions:
? Communication: Liaises among borrowers, investors and escrow companies to communicate decisions on loans.
? Organization: Ensures loan files are complete with all outstanding issues addressed.
? Equipment: Uses such office equipment as computer terminals, copiers and FAX machines.
? Physical: Sits for extended time periods. Hearing and vision within normal ranges.

Responsibilities: ? Completes a thorough analysis of loan files to determine compliance with company and investor guidelines. ? Evaluates the entire credit package and collateral for residential mortgage loans and ultimately ensures an ?investment? quality loan product. ? Checks accuracy of all calculations and data integrity. ? Completion of all required underwriting worksheets found in FastTrac 360 Resource Center. ? Recommends the loan disposition to underwriting manager for loan amounts in excess of authority limitation. ? Maintains company standard for productivity level and complies with company policy of 48 hour underwriting turnaround time and 24 hour turnaround time for clearing conditions. ? Strives to meet 2 decisions/day within allotted time. ? Communicates decision on loans to appropriate parties both verbally and in writing. ? Maintains underwriting activity logs and provides monthly underwriting report to underwriting manager. ? Frontline underwriting of non-QM loan products. ? Perform a thorough analysis of the applicant's income and expense data, asset documentation, credit reports, and property valuations. ? Performing manual underwriting, requiring a detailed familiarity with various loan programs. ? Executing an appraisal analysis to determine that acceptable collateral standards are met. ? Additional related duties may be assigned, as required. ? Available to processors for general guideline interpretations and questions on specific loan files. ? Responds to post closing reviews and audits in a timely fashion. ? Performs related duties, as directed by Underwriting or Operations Manager.

Qualifications: ? Minimum five years of recent NON-QM mortgage underwriting experience, with solid working knowledge of underwriting guidelines to include FNMA, FHLMC, and NON-QM Investors. ? Ability to review & calculate complex personal and/or business financials and tax profiles. ? Excellent written and verbal communication. ? Experience working in a fast-paced team environment. ? Encompass loan origination system experience required 5+ years

Skills:
? Strong interpersonal-communication and business-relationship skills
? Detail oriented
? Excellent written and verbal communication skills
? Technologically proficient in MS Windows software

Education:
? High school diploma

Travel:
? None

Min: USD $90,000.00/Yr. Max: USD $100,000.00/Yr

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