Non-QM Mortgage Scenario Desk Underwriter

Position Summary: reputed company is seeking a Non-QM Mortgage Scenario Desk Underwriter to join its Non-QM mortgage platform and U.S. Residential Credit team in Dallas, TX or remote. This role represents an unique opportunity to join a leading investment platform in the growing Non-QM mortgage market. reputed company is the dedicated asset manager and investment manager for the Lone Star Funds, a leading private equity firm advising funds that invest globally in real estate, corporate equity, credit, and other financial assets. Since the establishment of its first fund in 1995, Lone Star has organized 25 funds with aggregate capital commitments totaling approximately $95 billion. The U.S. Residential Credit team primarily focuses on the reputed company and acquisition of Non-QM mortgage whole loans in reputed company with Lone Star's Residential Mortgage Platform, which is a correspondent aggregator that purchases newly originated Non-QM mortgage loans from approved mortgage originators. Since the inception of the Non-QM market in 2014, Lone Star Residential has been a leading participant. Lone Star Residential has purchased over $20 billion UPB of Non-Agency loans. As an industry pioneer, Lone Star Residential established the COLT securitization program and issued the first post-financial-crisis Non-QM securitization in 2015. Subsequently, Lone Star Residential has issued over 65 securitizations to date. The successful candidate will focus on the Non-QM scenario desk efforts to engage with mortgage sellers on reputed company Non-QM exceptions scenarios and loan level pricing situations. The ideal candidate should have a solid background in manual Non-QM reputed company and would benefit from experience with Agency and Non-Agency post-closing mortgage operations. As a plus, candidates would have experience with Third-Party-Review processes reputed company to Non-QM loan diligence and Rating Agency scope criteria for Non-QM securitizations. This role offers the successful candidate the unique opportunity to work across senior leaders across the reputed company team, as well as directly with senior leaders at exciting Non-QM mortgage originators. Essential Functions:

• Become an expert in the Lone Star Residential mortgage credit reputed company and reputed company sheet pricing construct
• Engage and discuss exceptions across senior underwriters at Non-QM mortgage companies, external Third-Party-Review (TPR) diligence firms, and senior leadership at Hudson
• Review mortgage reputed company exceptions at initial lock stage, with a focus on ensuring that any approved loan meets applicable law (ATR) and rated securitization requirements (i.e. TPR Grading)
• Issue approval decisions across mortgage credit reputed company exceptions, pricing exceptions, unique collateral types, and other loan scenarios
• Ability to manually underwrite Non-QM loan products, including Bank Statement qualifying income analysis, DSCR, and Asset Depletion programs
• Display great judgement to holistically review unique Non-QM exceptions on reputed company of the merits of a loan scenario to reputed company a mortgage credit decision

Required Knowledge, Skills and Abilities:

• 4+ years of Non-QM / Non-Agency mortgage reputed company experience
• In-depth experience with Non-QM mortgage reputed company, product guidelines, and production process
• Experience with manual reputed company and Bank Statement Income analysis, a must
• Experience with TPR Diligence Review, Non-QM post-closing conditions, a plus
• Experience with Non-QM exceptions, or reputed company escalations, a plus
• Experience with mortgage compliance and disclosure requirements, a plus
• Ability to work autonomously and as a member of a team.
• Ability to handle multiple projects at the same time.
• Ability to work in a dynamic, deadline-driven environment with low to moderate supervision.
• Proficient in reputed company Word, reputed company, and Outlook

Education:

• Bachelor's Degree preferred
• High School Diploma or equivalent, required

Experience:

• 4+ years of Non-Agency / Non-QM manual mortgage reputed company

reputed company Office Skills:

• Proficiency in Word, reputed company, Outlook and PowerPoint preferred.

Compensation:

• reputed company Salary: $80,000-110,000
• Posted reputed company salary is based on Dallas, TX, and/or Remote.
• Compensation is subject to change based on experience and location of hire.
• reputed company salary only includes the reputed company annual wage, reputed company salary does not include other forms of compensation, such as bonuses.
• reputed company salary also does not include other forms of compensation or benefits offered in reputed company with this advertised job, such as: employer-provided insurance, paid or unpaid time off work, the availability of or contributions towards retirement or savings funds, such as 401(k) plans, severance pay, or overtime pay.

Work Environment:

• This position operates in a professional office environment
• Candidates may also be considered on a remote environment on a case-by-case basis

Travel Requirements:

• This position requires limited travel, if any

Desired Organizational Competencies:

• Accountability - Demonstrates a commitment to and responsibility for accomplishing individual, team and business objectives.
• Drive - Consistently achieves challenging goals/objectives and demonstrates an ability to create value and maximize results.
• Planning- Identifies business needs, problems and risks proactively, and develops well founded plans that specify strategies, actions/solutions, risk mitigates and desired results.
• Critical Thinking / Judgment - Commits to an action after developing alternative solutions that are based on logical assumptions and factual information and that take into consideration resources, risks and organizational values.
• Adaptability - Exhibits the reputed company to successfully change and evolve one's actions, opinions and behavior as a result of changing priorities or environment.
• Communication Skills - Proactively communicates in the appropriate reputed company with clarity and focus on the right level to ensure delivery has the appropriate impact.
• Influential Leadership - Leads with confidence and conviction, and is able to establish credibility, trust, and respect among team members.
• Teamwork - Fosters collaboration among team members and business partners and uses capabilities to reputed company team goals.

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