Overview:
Responsible for the prudent underwriting of Non-QM loans in accordance with company and investor guidelines. The duties for Non-QM Underwriter include, but are not limited to, those described below…
Essential Job Functions:
? Communication: Liaises among borrowers, investors and escrow companies to communicate decisions on loans.
? Organization: Ensures loan files are complete with all outstanding issues addressed.
? Equipment: Uses such office equipment as computer terminals, copiers and FAX machines.
? Physical: Sits for extended time periods. Hearing and vision within normal ranges.
Responsibilities:
? Completes a thorough analysis of loan files to determine compliance with company and investor guidelines.
? Evaluates the entire credit package and collateral for residential mortgage loans and ultimately ensures an ?investment? quality loan product.
? Checks accuracy of all calculations and data integrity.
? Completion of all required underwriting worksheets found in FastTrac 360 Resource Center.
? Recommends the loan disposition to underwriting manager for loan amounts in excess of authority limitation.
? Maintains company standard for productivity level and complies with company policy of 48 hour underwriting turnaround time and 24 hour turnaround time for clearing conditions.
? Strives to meet 2 decisions/day within allotted time.
? Communicates decision on loans to appropriate parties both verbally and in writing.
? Maintains underwriting activity logs and provides monthly underwriting report to underwriting manager.
? Frontline underwriting of non-QM loan products.
? Perform a thorough analysis of the applicant’s income and expense data, asset documentation, credit reports, and property valuations.
? Performing manual underwriting, requiring a detailed familiarity with various loan programs.
? Executing an appraisal analysis to determine that acceptable collateral standards are met.
? Additional related duties may be assigned, as required.
? Available to processors for general guideline interpretations and questions on specific loan files.
? Responds to post closing reviews and audits in a timely fashion.
? Performs related duties, as directed by Underwriting or Operations Manager.
Qualifications:
? Minimum five years of recent NON-QM mortgage underwriting experience, with solid working knowledge of underwriting guidelines to include FNMA, FHLMC, and NON-QM Investors.
? Ability to review & calculate complex personal and/or business financials and tax profiles.
? Excellent written and verbal communication.
? Experience working in a fast-paced team environment.
? Encompass loan origination system experience required 5+ years
Skills:
? Strong interpersonal-communication and business-relationship skills
? Detail oriented
? Excellent written and verbal communication skills
? Technologically proficient in MS Windows software
Education:
? High school diploma
Travel:
? None
Min: USD $90,000.00/Yr. Max: USD $100,000.00/Yr
