Senior Underwriter NonQM

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Arcstone Financial is seeking an experienced Senior Underwriter to join our team. This role is responsible for underwriting Non‑Agency/Non‑QM mortgage loans and conducting thorough credit analysis to ensure compliance with corporate and secondary market investor standards. The Senior Underwriter will review loan documentation for accuracy and completeness in a prior approval environment, identify solutions, and render underwriting decisions for loans originated through wholesale and correspondent channels.

Additionally, this position involves clearing conditions to ensure all product guidelines are met.

• Completes a thorough analysis of loan files to determine compliance with company, investor, and Non‑Agency/Non‑QM guidelines.
• Evaluates the entire credit package, capacity and collateral for residential and small balance commercial mortgage loans to ensure credit worthiness.
• Checks accuracy of all calculations.
• Perform manual underwriting review to ensure loan meets all product and property guidelines of Company and investors, as well as compliance with corporate and secondary market investor standards.
• Underwrite Non‑Agency/Non‑QM correspondent, wholesale/broker and retail loans in a timely manner to ensure loans meet all product and property guidelines of Company and investors, as well as meeting all established loan policies, credit limits and regulatory requirements.
• Clear conditions timely on loans; affirm data integrity on all submissions.
• Identify potential misrepresentation or fraud.
• Keep up‑to‑date with all guideline changes and system enhancements.
• Assists with the training of new underwriters.
• Recommends the loan disposition to the underwriting manager for loan amounts more than authority limitation.
• Maintains the company standard for productivity level and complies with company policy of 48‑hour underwriting turnaround time and 24‑hour turnaround time for clearing conditions.
• Communicates decisions on loans to appropriate parties both verbally and in writing.
• Maintains underwriting activity logs and provides monthly underwriting reports to the Director of Credit.
• Available to processors and correspondents for general guideline interpretations and questions on specific loan files.
• Responds to post closing reviews and audits in a timely fashion.
• Perform related tasks and additional responsibilities as directed by the Director of Credit or assigned by senior management.

• Working knowledge of Non‑Agency/Non‑QM underwriting guidelines demonstrated through a minimum of 5+ years underwriting experience on Non‑Agency/Non‑QM products.
• FHA and VA underwriting experience is desirable.
• High attention to detail and effective problem‑solving skills.
• Ability to work independently, with minimal supervision.
• Ability to multitask in a high‑volume environment.
• Strong interpersonal communication and business relationship skills.
• Detail‑oriented with strong organizational and follow‑through skills.
• Excellent analytical, written communication, and verbal communication skills.
• Technologically proficient.
• Minimum of 2 years of experience working with Encompass – Ellie Mae.

• High school diploma or equivalent (bachelor's degree preferred).
• Minimum three years of current mortgage underwriting experience, with solid working knowledge of underwriting guidelines.
• Experience with private investors and private mortgage insurance guidelines.

• Some travel is required.
• Competitive salary and benefits package.
• Opportunities for professional growth and development.
• A supportive and dynamic work environment.