Non-QM Underwriter

About the role

Newfi Lending is a non-QM lender founded in 2014, headquartered in Emeryville, CA, backed by Apollo Global Management. The company focuses on innovative, operational excellence, and flexible lending solutions.

Responsibilities

• Analyze accuracy and compliance of residential mortgage loan applications within the scope of private investor and company guidelines.
• Minimize risk exposure by certifying applications are underwritten to the applicable parameters.
• Complete a thorough analysis of loan applications to assess accuracy of data, evaluate risk, and comply with company and investor guidelines.
• Evaluate and issue compliant loan decisions.
• Subsequently review resubmitted documentation and analyze as necessary to issue a final loan decision.
• Show excellent analytic skills, attention to detail, and decision-making abilities.
• Build strong relationships with internal business partners to achieve success.
• Communicate effectively across various audiences with both oral and written skills.
• Work within time constraints and demonstrate intermediate computer skills.
• Maintain a current working knowledge of investor guidelines and policies through self-provisioned and assigned training and research.
• Respond to loan audits and post-closing requests for additional documentation in a timely manner.
• Other duties as assigned by Supervisor or Manager.

Requirements

• 3+ years current experience as an underwriter reviewing all facets of the credit file, including collateral, and condo documents to Non-QM Loan guidelines, specifically, bank statement and DSCR products.
• 5+ years minimum prior underwriting experience.
• Intermediate level of computer skills and the ability to function in a window 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.

Qualifications

• Expertise in completing a thorough analysis of loan applications to assess accuracy of data, evaluate risk, and comply with company and investor guidelines.
• Excellent analytic skills, attention to detail, and decision-making skills.
• Professional and effective interpersonal skills.
• Excellent level of oral and written communication skills.
• Ability to work within time constraints.
• Intermediate level of computer skills and the ability to function in a window 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.

Skills

• Expertise in analyzing loan applications and ensuring compliance with Non-QM Loan guidelines.
• Strong analytical and decision-making skills.
• Effective interpersonal and communication skills.
• Intermediate computer skills and proficiency in using Outlook, Word, and Excel.
• Ability to manage time effectively and handle multiple responsibilities.

Benefits

• Competitive compensation package including salary.
• 401(k) matching program.
• Medical, dental, and vision coverage.

Pay

Competitive compensation package including salary.

Schedule

Full-time position.

Benefits

• Medical, dental, and vision coverage.

Company Information

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.

To learn more, visit us at www.newfi.com or www.newfiwholesale.com.