Non-QM Underwriter

Responsibilities

• Ability to manually underwrite complex transactions to ensure the loan meets established underwriting guidelines.
• Compute income and debt ratio calculations following program guidelines and ability to repay requirements.
• Underwrite loan files in accordance with investor and company Non-QM guidelines, focusing on DSCR, Bank Statement, Asset Depletion, and other alternative documentation loan programs.
• Maintain current knowledge of Non-QM investor guidelines, overlays, and program updates.
• Perform mortgage credit analysis with or without the assistance of an automated underwriting system and ensure lending decisions follow company guidelines and policies.
• Perform detailed analysis and review of appraisal for one-to-four family residential properties to determine acceptability of security for loan programs offered by Plaza.
• Review loan documents for accuracy and consistency and address discrepancies as necessary.
• Issue loan decisions to our business partners in a clear and concise manner.
• Document decisions via loan origination platform and complete all final loan decision forms as required.
• Identify red flags, layered risk, or potential fraud indicators in loan documentation.
• Provide exceptional customer service to both our internal and external customers, including but not limited to answering loan specific questions on non-agency programs and reviewing program requirements within established SLAs.

Qualifications

• Recent manual underwriting experience in the mortgage industry.
• Proficient with self employed income calculations and guidelines.
• Non-agency underwriting experience preferred.
• Strong attention to detail.
• Excellent problem-solving skills.
• Strong interpersonal and communication skills a must.
• Ability to work in a fast-paced environment.
• High School Diploma or GED equivalent.
• Minimum 4 years residential underwriting experience.
• Minimum 2 years Non-QM specific underwriting experience.

Compensation and Benefits

Estimated Rate of Pay: $43.27 - $55.29
This position is full-time; non-exempt. The estimated range is the budgeted amount for this position. Final offers are based on various factors, including skill set, experience, location, qualifications and other job-related reasons.
In addition, Plaza offers a competitive benefits package; including medical/dental/vision, paid time off and holidays, 401(k), life and pet insurance. Plaza also offers additional benefits such as Accident, Hospital, and Critical Illness insurance, and Flexible spending accounts along with a variety of discounted services.