Lendz Financial
Job Description
Job Description
Lendz Financial offers a full-service direct wholesale residential mortgage lending platform, focused on helping mortgage brokers grow their loan origination volume with simplified processes and intuitive, tech-based solutions. We emphasize a modern, customer-centric approach, offering competitive rates, a diverse range of products, and rapid turnaround times. Committed to delivering a world-class experience for our broker partners, we streamline the lending process to ensure a smooth journey from application to closing. Our core values—Thrive Together, Act Like an Owner, and Exceed Expectations—cultivate a collaborative, high-performance culture that drives our pursuit to become the undeniable leader in mortgage lending. Lendz is proud to be certified as a Great Place to Work! Job Summary: Lendz Financial is seeking a detail-oriented and experienced Non-QM Underwriter to join our dynamic and growing team.
This position is responsible for the thorough review and analysis of Collateral and Condominium documentation, with a primary focus on Non-QM loan products. The ideal candidate will possess in-depth knowledge of appraisal review, condo project eligibility, and investor-specific guidelines, ensuring compliance, accuracy, and risk mitigation throughout the underwriting process Responsibilities: Review and analyze appraisal reports:
Thoroughly examine appraisal reports to ensure compliance with lending standards and investor guidelines (e.g., Fannie Mae, FHA, VA). Evaluate collateral:
Assess property marketability and confirm valuation accuracy based on appraisal findings and comparable sales. Identify and address discrepancies:
Investigate and resolve red flags or inconsistencies within appraisal documentation. Manage appraisal pipeline:
Efficiently handle a high volume of appraisal reviews while meeting tight deadlines. Request and review revisions:
Order and assess appraisal revisions, desk reviews, or field reviews when necessary. Communicate decisions:
Clearly communicate appraisal outcomes and required conditions to loan officers, processors, and branch personnel, including reasons for suspense or denial. Stay current on guidelines:
Maintain up-to-date knowledge of agency and investor requirements as well as regulatory changes impacting collateral underwriting. Collaborate across departments:
Partner with internal teams, such as post-closing, to resolve collateral-related issues. Ensure documentation accuracy:
Maintain meticulous attention to detail to ensure all appraisal-related documentation is accurate, complete, and compliant. Project Review Responsibilities: Review project documentation:
Analyze condominium project documentation to ensure alignment with internal policies and agency guidelines (e.g., Fannie Mae, Freddie Mac, FHA, VA). Assess project risk:
Evaluate the financial health, legal structure, and other key factors to determine the risk associated with a condominium project. Verify compliance:
Confirm the project meets applicable agency and investor eligibility requirements. Qualifications: Minimum 5 years of mortgage underwriting experience required At least 2 years of hands-on Non-QM underwriting experience Expertise in analyzing complex income sources including: Bank Statement Programs Self-employed borrower income Business financial documentation Familiarity with common Non-QM programs such as DSCR, Asset Utilization, and 1099-only products Excellent communication skills and a collaborative mindset Strong time management and the ability to prioritize in a fast-paced environment Proven problem-solving abilities and sound judgment in loan decisioning Benefits: Highly subsidized medical insurance Low-cost dental and vision insurance 401(k) program Health Savings Account (HSA) Generous paid time off and company holidays Learning and development opportunities Friendly, collaborative work environment
Job Description
Lendz Financial offers a full-service direct wholesale residential mortgage lending platform, focused on helping mortgage brokers grow their loan origination volume with simplified processes and intuitive, tech-based solutions. We emphasize a modern, customer-centric approach, offering competitive rates, a diverse range of products, and rapid turnaround times. Committed to delivering a world-class experience for our broker partners, we streamline the lending process to ensure a smooth journey from application to closing. Our core values—Thrive Together, Act Like an Owner, and Exceed Expectations—cultivate a collaborative, high-performance culture that drives our pursuit to become the undeniable leader in mortgage lending. Lendz is proud to be certified as a Great Place to Work! Job Summary: Lendz Financial is seeking a detail-oriented and experienced Non-QM Underwriter to join our dynamic and growing team.
This position is responsible for the thorough review and analysis of Collateral and Condominium documentation, with a primary focus on Non-QM loan products. The ideal candidate will possess in-depth knowledge of appraisal review, condo project eligibility, and investor-specific guidelines, ensuring compliance, accuracy, and risk mitigation throughout the underwriting process Responsibilities: Review and analyze appraisal reports:
Thoroughly examine appraisal reports to ensure compliance with lending standards and investor guidelines (e.g., Fannie Mae, FHA, VA). Evaluate collateral:
Assess property marketability and confirm valuation accuracy based on appraisal findings and comparable sales. Identify and address discrepancies:
Investigate and resolve red flags or inconsistencies within appraisal documentation. Manage appraisal pipeline:
Efficiently handle a high volume of appraisal reviews while meeting tight deadlines. Request and review revisions:
Order and assess appraisal revisions, desk reviews, or field reviews when necessary. Communicate decisions:
Clearly communicate appraisal outcomes and required conditions to loan officers, processors, and branch personnel, including reasons for suspense or denial. Stay current on guidelines:
Maintain up-to-date knowledge of agency and investor requirements as well as regulatory changes impacting collateral underwriting. Collaborate across departments:
Partner with internal teams, such as post-closing, to resolve collateral-related issues. Ensure documentation accuracy:
Maintain meticulous attention to detail to ensure all appraisal-related documentation is accurate, complete, and compliant. Project Review Responsibilities: Review project documentation:
Analyze condominium project documentation to ensure alignment with internal policies and agency guidelines (e.g., Fannie Mae, Freddie Mac, FHA, VA). Assess project risk:
Evaluate the financial health, legal structure, and other key factors to determine the risk associated with a condominium project. Verify compliance:
Confirm the project meets applicable agency and investor eligibility requirements. Qualifications: Minimum 5 years of mortgage underwriting experience required At least 2 years of hands-on Non-QM underwriting experience Expertise in analyzing complex income sources including: Bank Statement Programs Self-employed borrower income Business financial documentation Familiarity with common Non-QM programs such as DSCR, Asset Utilization, and 1099-only products Excellent communication skills and a collaborative mindset Strong time management and the ability to prioritize in a fast-paced environment Proven problem-solving abilities and sound judgment in loan decisioning Benefits: Highly subsidized medical insurance Low-cost dental and vision insurance 401(k) program Health Savings Account (HSA) Generous paid time off and company holidays Learning and development opportunities Friendly, collaborative work environment