Non QM Underwriter

About the role

This position is responsible for the timely and accurate analysis and evaluation of loan applications based on a borrower's credit, employment, income, financial data, and asset profile, along with the appraisal report, and investor guidelines. An underwriter makes sound decisions that mitigate risk to the company, adhere to quality standards, and maximize the borrower's chances of obtaining and sustaining homeownership.

Responsibilities

• Responsible for underwriting a minimum of 4 new loans per day for government underwriters and 6 new loans per day for conventional underwriters (or as applicable to daily assigned tasks) while minimizing any risk to the company by thoroughly analyzing a borrower's income, credit, assets, ratios and the collateral to ensure compliance with our investors, agencies, HUD, VA, USDA or HFAs, as applicable.
• Maintain 24-48 hour turn times.
• Responsible for clearing UTC conditions within 24 hours.
• Responsible for making counter offers on loans that do not conform to products under which they were originated.
• Responsible for remaining updated on all investors, agency, FHA, VA, and UHM guideline changes along with any overlays.
• Ensure the accuracy of all necessary criteria for specific loan types, products, rates, applicable documentation, and data.
• Maintain quality control ratings within company standards.
• Attend seminars to keep abreast of current market trends and developments.
• Sit in on roundtables when needed.
• Listen in on departmental huddles.
• Assist Account Executives, Broker Partners, and NDC clients, as applicable, with scenarios and explain any conditions that are not clear to them.
• Assist in the development of new Underwriters, Broker Coordinators, and Condition Underwriters.
• Additional responsibilities as required.

Qualifications

• 3+ years of experience as an Underwriter and complete knowledge of the mortgage business
• Experience with Non QM/ FHA/ VA/ USDA/ Agency loans
• Bachelor's degree or equivalent work experience preferred

Skills

• Strong analytical skills, especially in credit and risk, along with decision making skills
• Effective interpersonal skills and technical report writing skills
• Attention to detail
• Knowledge of Encompass LOS a plus
• Shows work commitment
• Personal organization
• Adaptability and flexibility
• Ability to multi-task and meet strict deadlines
• Fosters teamwork
• Uses sound judgement
• Comfortable using financial/ quantitative data