Non-QM Underwriter

Job Summary
The Underwriter is responsible for performing a complete credit assessment review to ensure compliance with appropriate company, agency, and secondary market investor standards to issue a loan decision. The Underwriter must evaluate loans to minimize risk and loss, maximize organizational profit, and clearly communicate a sound credit decision.

Responsibilities

• Review assigned loans and issue a credit decision based on program guidelines and risk evaluation.
• Validate accuracy of information presented on consumer’s loan application.
• Evaluate documentation to verify authenticity and consistency based on information presented within the consumer’s loan application.
• Request supporting documentation as necessary to satisfy all necessary guidelines and requirements.
• Investigate applicant credit and employment history, calculate income, evaluate assets, assess consumer’s ability to repay, and ensure collateral is supported.
• Perform due diligence using provided tools, searches, and other methods to identify any discrepancies and minimize risk of misrepresentation or fraud on any given loan.
• Monitor pipeline of various loan types to ensure loans are reviewed within a timely manner.
• Review resubmissions and conditions and provide appropriate loan status updates to team members.
• Provide excellent customer service and communication with both internal and external customers.
• Respond to status requests, clarifications, and other service-related questions.
• Ensure use of company’s credit and underwriting policies and follow all applicable regulations, policies, procedures, and protocol when making credit decisions.
• Recognize and escalate issues for second level review to a manager as necessary.
• Complete final credit approval and sign off, ensuring all documentation within the loan file is satisfactory and in a deliverable state.
• Review aged or problem loans as needed to assist with difficult loans to ensure they are saleable.
• Review and respond to post-closing inquiries or errors as needed to resolve issues.
• Participate in various department meetings and trainings (procedure changes, new programs, etc.).
• Carry out other tasks as assigned.

Knowledge and Skills Required

• Working knowledge and understanding of agency/industry regulations.
• Working knowledge of Mortgage Loan Origination and Underwriting processes.
• Ability to learn and follow company policies, procedures, and Underwriting protocol.
• Ability to embrace technology and utilize a task-based workflow.
• Excellent customer service and written/oral communication skills.
• Excellent work ethic.

Credentials and Experience Required

• Prior Underwriting experience in a traditional retail lending environment, including but not limited to conventional and non-conforming (non-QM loans).
• Minimum 3-5 years’ experience underwriting Non-QM loans.

Supervisory Responsibilities, If Any

• N/A

Physical Demands
While performing the duties of this job, employee is regularly required to:

• Sit for extended periods of time
• Reach with arms and grasp with hands
• Perform tasks using a computer and peripherals (keyboard, mouse, monitor)
• Hear, talk, read, and write

Vision requirements include:

• Close vision (computer monitor, paperwork)

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