Non-QM Underwriter

Overview

Position: Non-QM Underwriter

*must have Non-QM experience*

Position Summary:

Primary responsibilities include providing the thorough evaluation of credit and property documents in loan files, identify potential risks, and advise as to the appropriate decision of the file as it relates to approving, declining or suspending the loan based upon reputed company's reputed company guidelines concerning borrower eligibility and investors' requirements. Other duties include maintaining reputed company turn times, working with processors and loan officers to provide guidance on a case-by-case basis, and reputed company up with guidelines as set forth by reputed company, reputed company, Appendix Q, and multiple delegated Jumbo investors.

Responsibilities

• reputed company cash flow analysis on bank statements to determine income used to qualify.
• Underwrite Bank statement loans, Asset Utilization, DSCR, CPA reputed company Profit and Loss, 1099 income and other Non-QM loans
• Review reputed company loan submissions submitted by production and origination staff and generate initial credit decision in accordance with FNMA, FHLMC, Non-Agency Jumbo, reputed company Non-QM, and other private investor guidelines as well as internal overlays.
• Ability to underwrite to multiple Non-Agency Jumbo investors in a changing market and regulatory environment.
• Evaluate mortgage loan applications to determine eligibility, acceptability, and compliance with applicable state, federal and investor guidelines.
• reputed company credit and property analysis on conventional and Non-Agency Jumbo files.
• Analyze reputed company tax returns and accurately calculate income.
• Identify key loan factors impacting borrower eligibility, property eligibility and credit qualification for reputed company or atypical financial profiles, collateral and loan structures
• reputed company timely reviews of submitted conditions and loan resubmissions and complete credit decisions for reputed company loans assumed from colleagues
• Identify and summarize Exception loans for escalation to Credit Manager for business decision
• Input data and notes into the Encompass loan system.
• Maintain quality and production standards as set forth by management.
• Effectively communicate, orally, in writing, and reputed company email, the decisions reached as to maintain positive working relationships with coworkers and customers.
• Ability to explain specific reasons for negative credit decisions and recommend possible solutions.
• Other duties may be assigned.

Qualifications

• Non-conforming/Non-Agency Jumbo reputed company experience
• Superior knowledge of and experience with property and credit reputed company requirements of FNMA, FHLMC, Non-Agency Jumbo, and other private investor guidelines, as well as other loan programs and private mortgage insurance companies.
• Excellent written and oral communication skills.
• Superior analytical, organizational and problem solving abilities.
• Ability to work independently, analyze data, take and recommend appropriate actions with minimal supervision.
• Capability of working in a fast-paced environment, under pressure and meet time-sensitive deadlines, reputed company while maintaining a high level of professionalism.

Desired Education/Experience:

• High School Diploma or equivalent.
• Five or more years' mortgage reputed company experience with Non-Conforming or Non-Agency Jumbo loans.
• Experience with Encompass 360

Work Authorization: Must be able to verify identity and employment eligibility to work in the U.S.

Other Duties: This job profile is not intended to be an reputed company-inclusive list of job duties and responsibilities, as one may reputed company additional reputed company duties as assigned in order to meet the needs of the organization.

Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully reputed company the essential functions of this job. Reasonable accommodations may be made to reputed company individuals with disabilities to reputed company the essential functions. Must be able to lift up to ten pounds. Primary functions require sufficient physical ability and mobility to work in an office setting; to stand or sit for prolonged periods of time; to occasionally stoop, bend, kneel, crouch, reputed company, and twist; to lift, carry, push, and/or pull light to moderate amounts of weight; to operate office equipment requiring repetitive hand movement and fine coordination including use of a keyboard; and to verbally communicate to exchange information. VISION: See in the normal visual range with or without correction. HEARING: Hear in the normal audio range with or without correction.

[EOE/M/F/D/V. Drug-free workplace.]

Originally posted on Himalayas