DSCR NQM Underwriter

Founded in 2014 and headquartered in Emeryville, CA, Newfi Lending is backed by Apollo Global Management and has grown to become one of the leading Non-QM lenders in the industry. We are passionate about offering innovative lending solutions and building a diverse, forward-thinking team that thrives on collaboration and excellence.

NQM underwriter DSCR team role analyzes accuracy and compliance of residential mortgage loan applications within the scope of private investor and company guidelines. This role is responsible for minimizing the risk exposure of the organization by certifying applications are underwritten to the applicable parameters.

• 3+ years current experience as an underwriter reviewing all facets of the credit file, including collateral, and condo documents to Non-QM Loan guidelines, specifically DSCR products.
• 5+ years minimum prior underwriting experience.

Completing a thorough analysis of loan applications to assess accuracy of data, evaluate risk and compliance with company and investor guidelines and subsequently issuing compliant loan decisions.

Subsequent review of resubmitted documentation and analysis as necessary to issue a final loan decision.

• Must have current or recent experience in underwriting DSCR loans.
• Excellent analytic skills, attention to detail, and decision-making skills.
• Professional and effective interpersonal skills. Ability to build strong relationships with internal business partners to achieve success.
• Excellent level of oral and written communication skills. Ability to communicate across a variety of audiences.
• Ability to work within time constraints.
• Intermediate level of computer skills and the ability to function in a windows environment utilizing Outlook, Word, and Excel.
• Ability to rapidly acquire detailed knowledge of departmental policies, practices and procedures.
• Strong time management skills, fast learner, self-motivated, and comfortable taking initiative and handling multiple responsibilities.
• Committed to taking responsibility and ownership for agreed actions and delivery.

• Responding to loan audits and post-closing requests for additional documentation in a timely manner.
• Completing self-provisioned and assigned training and research to maintain a current working knowledge of investor guidelines and policies.
• Other duties as assigned by Supervisor or Manager
• Completing self-provisioned and assigned training and research to maintain a current working knowledge of agency and investor guidelines and policies.
• Competitive compensation
• 401k matching, fully vested after 3 years of employment.
• Full medical, dental and vision.
• Access to leadership and career growth opportunities.
• Monthly Incentive plan

Newfi Lending is an Equal Opportunity Employer. We respect and aim to empower individuals and support the diverse cultures, perspectives, skills, and experiences within our workforce.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this position. They are not intended to be an exhaustive list of all associated responsibilities, skills, efforts, or working conditions. The Company reserves the right to change, amend, add, delete, and otherwise assign any and all duties, responsibilities, and position titles, as it deems necessary to meet the needs of the business.