NQM Underwriter, Correspondent Lending Division

NQM Underwriter, Correspondent Lending Division

Fully Remote

Full-time

Location: Remote

Industry: Financial Services / Mortgage Lending

The Non-QM Underwriter 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.

• Analyze the accuracy and compliance of residential mortgage loan applications to private investor and company guidelines.
• Certify that applications are underwritten to the applicable parameters and minimize risk exposure.
• Issue final loan decisions after reviewing resubmitted documentation as necessary.

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.

• 3+ years of current experience as an underwriter reviewing all facets of the credit file, including collateral, and condo documents to Non-QM Loan guidelines, specifically, full doc, bank statement and asset depletion.
• 5+ years minimum prior underwriting experience.
• Correspondent Lending experience required
• AUS experience required

• 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
• Competitive comp plan with salary.
• 401k matching with full vesting after 3 years.
• 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.

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