Wholesale Underwriter, Specialty Products

Wholesale Underwriter, Specialty Products

We are hiring Underwriters for our Non‑Agency Products – No DE required!

The Wholesale Underwriter will underwrite loans in accordance with Company and Investor guidelines following company’s policies and procedures under general supervision. Our loan product offers extremely competitive rates and terms – the best in the industry. Makes sound underwriting decisions and ensures that all decisions meet legal and policy requirements. Perform all duties in accordance with the company’s policies and procedures, all US state and federal laws and regulations, wherein the company operates.

Target Pay Range
$90,000 – $120,000 + Monthly Incentive plan.

• Apply thorough knowledge of Non Agency or Non QM mortgage loan underwriting.
• Maintain highly confidential information concerning loan applicants.
• Demonstrate high level of organizational skills and ability to work on several tasks simultaneously.
• Perform thorough analysis of collateral to ensure property meets investor guidelines and the appraisal quality and completeness is acceptable.
• Apply and interpret company underwriting guidelines and make sound credit decisions.
• Complete credit, income, property analysis, ensure proper audits are completed and verify consistency of loan file information.
• Identify risk factors within each loan and utilize resources, tools, and documentation to detect red flags and clarify inconsistencies.
• Review and evaluate credit information on mortgage loan documents to determine acceptability for specific loan programs.
• Determine any conditions, stipulations or pre‑funding requirements.
• Review and clear underwriting conditions, stipulations or pre‑funding requirements received.
• Communicate with clients, sales teams and operations teams to resolve outstanding issues as they arise.

• 5+ years of mortgage underwriting work experience.
• Experience underwriting Non Agency or Non QM Loans.
• Paperless Loan Origination System experience preferred.
• DU and LP experience required.
• Experience working in a paperless environment preferred.

Carrington Mortgage Services – Wholesale Lending is part of The Carrington Companies. We provide third‑party originators, mortgage brokers and financial institutions with access to government and conventional loan programs, as well as low credit score home financing and low down payment options. We hope you’ll consider joining our growing team of uniquely talented professionals as we transform residential real estate.

• Increased earning capacity due to access to our 48‑state territory.
• Ability to market faster and more efficiently inside the operation.
• Superior service levels offered to the broker as your inside presence ensures every step of the loan process is handled efficiently.
• Professional account managers partner with you and your brokers to add value every step of the way.
• Base pay plus an industry‑leading commission plan.
• Take over existing accounts.

• Comprehensive healthcare plans for you and your family, plus a discretionary 401(k) match of 50% of the first 4% of pay contributed.
• Access to several fitness, restaurant, retail (and more!) discounts through our employee portal.
• Customized training programs to help you advance your career.
• Employee referral bonuses so you’ll get paid to help Carrington and Vylla grow.
• Educational reimbursement.
• Carrington Charitable Foundation contributions to the community through causes that reflect the interests of Carrington Associates. For more information, visit carringtoncf.org.

• Seniority level:
  Mid‑senior level
• Employment type:
  
  Full‑time
• Job function:
  Management and Manufacturing
• Location:
  
  Detroit, MI

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