Non-QM Senior Underwriter

Responsibilities

• Ability to analyze the underwriting of conventional and jumbo Non-QM mortgage loans in a timely manner for completeness and compliance with Redwood purchase guidelines and approved Seller variances
• Manage loan conditions from credit, property, and compliance reviews with Sellers and external 3rd party service due diligence providers
• Evaluate and provide recommendations for underwriting waivers and eligibility exceptions
• Clearly communicate, in written and verbal form, compensating factors to justify exceptions
• Support Redwood Sellers by evaluating and supplying feedback on loan scenarios, at times based on limited information
• Understand and effectively work with Seller variances to product eligibility and underwriting guidelines
• Maintain strong knowledge of mortgage compliance rules agency underwriting guidelines and industry standards for appraisal requirements and regulatory compliance
• Participate in and provide clear feedback on credit policy recommendations
• Participate with Credit in onboarding new Non-QM sellers and provide underwriting training as needed
• Participate with third party services (valuation, fraud, compliance) to provide valuable input for loan decisions

Requirements

• 7+ years of recent mortgage industry experience
• 3+ years recent conforming non qm underwriting experience
• 3+ years of recent jumbo non qm underwriting or complex/alternative income analysis
• Expert underwriting knowledge and extensive experience with loan origination documentation as well Fannie and Freddie selling guides
• Technologically savvy, with the ability to work in varied systems
• Proficiency with Excel, loan origination systems, automated underwriting engines, electronic document management and other systems
• High attention to detail and effective problem-solving skills
• Excellent client service skills
• Excellent oral and written communication skills
• Excellent multi-tasking skills and ability to manage multiple tasks simultaneously
• Analytical thinking ability, diplomacy and professionalism

Qualifications

A reasonable estimate of the total compensation range for this role is $44/hr-$53/hr. The actual salary offer to the successful candidate will be based on job-related education, geographic location, training, licensure and certification, and other factors.

Skills

Technological proficiency, analytical thinking, problem-solving skills, excellent communication, and multi-tasking abilities.

Benefits

CoreVest offers a competitive benefit package including discretionary corporate bonus program, multiple health plans, STD and LTD options, company sponsored life insurance, fitness reimbursement, paid parental leave, time to volunteer, Paid Time off, ESPP, and 401K matching.