theLender
This range is provided by theLender. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range $45.67/hr - $52.88/hr
Additional compensation types Annual Bonus
The Non-QHEM Underwriter is responsible for underwriting non-agency/non-qm mortgage loans and performing credit analysis to ensure compliance with corporate/secondary market investor standards. The Non-QHEM Underwriter will be responsible for examining loan documentation, reviewing for accuracy and completeness, as well as finding solutions and rendering underwriting decisions for loans originated through wholesale our channel and subsequent clearing of conditions to ensure product guidelines are met. You will be reporting to the Underwriting Manager.
Essential Functions
Be a primary point of contact as a subject matter expert assisting the sales force in structuring eligible loans with the Company’s third-party originators.
Interpret and provide appropriate loan solutions for Non-QM/Non-Agency loan requests
Analyze borrower’s credit file, collateral and capacity to ensure credit-worthiness
Perform manual underwriting review to ensure the loan meets all product and property guidelines of Company and investors, as well as compliance with corporate and secondary market investor standards.
Underwrite Non-Agency/Non-QM wholesale/broker loans in a timely manner to ensure loan meets all product and property guidelines of Company and investors, as well as meeting all established loan policies, credit limits and regulatory requirements.
Clear conditions timely on loans; affirm data integrity on all submissions.
Identify potential misrepresentation or fraud.
Keep up-to-date with all guideline changes and system enhancements.
Adhere to general work requirements.
Work with internal and external partners to clear conditions in a timely manner.
Make moderately complex loan decisions based on the overall worthiness of the borrower, layering of risk and all program requirements and issue loan approvals, suspensions, counter offers or denials.
Identify quality concerns and red flags and validate accuracy of associated risk to the borrower or property/collateral profile.
Communicate decisions (written and verbal) to all parties (specifically brokers and sales partners as appropriate) and build relationships with both internal and external partners
Perform other duties as assigned.
General Skill
Strong analytical skills
Good verbal and written communication skills
Ability to provide outstanding customer service in fast-paced environment.
Proficient working knowledge of computerized applications such as word processing, spreadsheet, database, presentation software, email and specialized business applications software
Presentation skills necessary to effectively communicate, update, persuade and/or facilitate discussions with all levels of management.
Interpersonal skills necessary to establish and maintain effective working relationships with coworkers, other business areas and government agencies as required.
Planning and organizational skills necessary to coordinate workload around multiple assignments.
Minimum Qualifications
3-5 years underwriting Non-QM loans including DSCR, bank statement & P&L loan programs.
Expert with Encompass
Must comply with all BSA/AML requirements as well as any mandatory changes. The following job functions are not all-inclusive. The associate will be required to perform other job-related tasks/responsibilities requested by the manager. Job duties may change as required by the needs of the company. Must complete all required industry and compliance training as required by theLender, Inc.
Seniority level Mid‑Senior level
Employment type Full‑time
Job function Finance and Sales
Industries Real Estate and Financial Services
Benefits
Medical insurance
Vision insurance
401(k)
Disability insurance
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Base pay range $45.67/hr - $52.88/hr
Additional compensation types Annual Bonus
The Non-QHEM Underwriter is responsible for underwriting non-agency/non-qm mortgage loans and performing credit analysis to ensure compliance with corporate/secondary market investor standards. The Non-QHEM Underwriter will be responsible for examining loan documentation, reviewing for accuracy and completeness, as well as finding solutions and rendering underwriting decisions for loans originated through wholesale our channel and subsequent clearing of conditions to ensure product guidelines are met. You will be reporting to the Underwriting Manager.
Essential Functions
Be a primary point of contact as a subject matter expert assisting the sales force in structuring eligible loans with the Company’s third-party originators.
Interpret and provide appropriate loan solutions for Non-QM/Non-Agency loan requests
Analyze borrower’s credit file, collateral and capacity to ensure credit-worthiness
Perform manual underwriting review to ensure the loan meets all product and property guidelines of Company and investors, as well as compliance with corporate and secondary market investor standards.
Underwrite Non-Agency/Non-QM wholesale/broker loans in a timely manner to ensure loan meets all product and property guidelines of Company and investors, as well as meeting all established loan policies, credit limits and regulatory requirements.
Clear conditions timely on loans; affirm data integrity on all submissions.
Identify potential misrepresentation or fraud.
Keep up-to-date with all guideline changes and system enhancements.
Adhere to general work requirements.
Work with internal and external partners to clear conditions in a timely manner.
Make moderately complex loan decisions based on the overall worthiness of the borrower, layering of risk and all program requirements and issue loan approvals, suspensions, counter offers or denials.
Identify quality concerns and red flags and validate accuracy of associated risk to the borrower or property/collateral profile.
Communicate decisions (written and verbal) to all parties (specifically brokers and sales partners as appropriate) and build relationships with both internal and external partners
Perform other duties as assigned.
General Skill
Strong analytical skills
Good verbal and written communication skills
Ability to provide outstanding customer service in fast-paced environment.
Proficient working knowledge of computerized applications such as word processing, spreadsheet, database, presentation software, email and specialized business applications software
Presentation skills necessary to effectively communicate, update, persuade and/or facilitate discussions with all levels of management.
Interpersonal skills necessary to establish and maintain effective working relationships with coworkers, other business areas and government agencies as required.
Planning and organizational skills necessary to coordinate workload around multiple assignments.
Minimum Qualifications
3-5 years underwriting Non-QM loans including DSCR, bank statement & P&L loan programs.
Expert with Encompass
Must comply with all BSA/AML requirements as well as any mandatory changes. The following job functions are not all-inclusive. The associate will be required to perform other job-related tasks/responsibilities requested by the manager. Job duties may change as required by the needs of the company. Must complete all required industry and compliance training as required by theLender, Inc.
Seniority level Mid‑Senior level
Employment type Full‑time
Job function Finance and Sales
Industries Real Estate and Financial Services
Benefits
Medical insurance
Vision insurance
401(k)
Disability insurance
#J-18808-Ljbffr