Non-QM Underwriter

<p><strong>WHO WE ARE</strong></p>
<p>We are committed to a supportive, diverse, and inclusive culture, living our values of Rigor, Ownership, Curiosity, Kindness, and "Straight Up" to promote equality and financial empowerment. Intrigued? Say hello!</p>
<p><strong>WHO YOU ARE</strong></p>
<ul>
<li>Exceptional organizational, analytical, customer service, and communication skills</li>
<li>Excellent critical thinking, independent decision-making, and problem solving skills</li>
<li>Must be well-versed with current Non-QM regulations</li>
<li>Ability to work in a fast-paced, multi-tasked environment</li>
<li>Thorough knowledge of federal and state laws pertaining to the mortgage banking industry (i.e.: TILA, ECOA, RESPA, etc.)</li>
<li>Strong ability to independently review and clear Title documentation, Appraisal reports (including complex, unique property types, SSR’s and CDA’s) and Full condo project reviews (warrantable, non-warrantable, new construction) </li>
<li>Strong knowledge of Trust documents</li>
<li>Strong knowledge of LLC and Corporation documents</li>
<li>Expert knowledge of AUS (DU, LP) results</li>
<li>Ability to underwrite/review complex purchase and refinance transactions</li>
<li>Ability to work independently as well as part of a team</li>
<li>A full understanding of current FNMA/FHLMC underwriting guidelines is required</li>
<li>Recent experience underwriting Non-QM loan programs</li>
<li>Strong understanding of Non-QM borrower profiles, income, and documentation requirements</li>
<li>Have a high-volume non-QM underwriting background while maintaining quality, accuracy, and meeting SLAs</li>
</ul>
<p><strong>WHAT YOU’LL BE DOING</strong></p>
<ul>
<li>A thorough credit and collateral review of loan files to determine deficiencies and/or issues including calculating income using standard and alternative income calculation methods</li>
<li>Manually calculate income across all non-QM programs including complex self-employed borrower profiles, layered income sources and variable cash flow.</li>
<li>REO analysis</li>
<li>Reviewing title documents to ensure clear title at closing</li>
<li>Reviewing trust documents</li>
<li>Reviewing condo documents in alignment with client and investor guidelines for warrantable and non-warrantable condos. </li>
<li>Concise and accurate conditioning of loan files. </li>
<li>Meet contractual turn times for initial, resubmission, and CTC reviews without sacrifice to  quality. </li>
<li>Analyze complex, high page count tax returns</li>
<li>Communicate (telephone, email, and/or client communication portal) with the processor, LO, and client account managers in a professional manner in order to assist in moving files to a final underwriting approval in alignment with the Close of Escrow and/or lock expiration dates. </li>
<li>Concise and accurate input of data into the LOS</li>
<li>Accurately analyze AUS (FNMA, FHLMC) results </li>
<li>Complete a comprehensive review and sign off of appraisals, SSR’s (CU, LCA) and CDAs</li>
<li>Clear conditions while meeting turn-time requirements</li>
<li>Maintain acceptable quality control and post-closing error metrics</li>
<li>Ability to train and mentor peers</li>
<li>Support and work on multiple loans for one borrower. You could have up to ten (10) loans for 1 borrower. </li>
<li>Evaluate Non-QM loan applications to ensure compliance with client, investor guidelines, overlays, and company policies</li>
<li>Identify and mitigate potential risks associated with Non-QM loans</li>
<li>Read and interpret multiple sets of client and investor underwriting guidelines</li>
</ul>
<p><strong>IDEALLY, YOU’LL HAVE</strong></p>
<ul>
<li>5+ years recent, hands-on experience in Non-QM underwriting </li>
<li>Experience with Non-QM loan origination systems and software</li>
<li>Experience and demonstrated ability to calculate full and alternative document income methods (DSCR, 1099, asset utilization, asset depletion, 12 and 24-month bank statement, tax returns, VOE, P&L, short-/long-term rental income - or any combination thereof which could also include W2, OT, bonus, and commission, Retirement, SSN, Alimony, child support, monthly maintenance) </li>
<li><strong>Compensation Range: </strong> $36.06/hr - $38.46/hr depending on experience.</li>
</ul>
<p><strong>WHAT WE OFFER YOU</strong></p>
<p>Here, you get an opportunity to be a vital part of an agile team of thinkers and doers collaborating to change a multi-trillion dollar industry. We offer meaningful equity, a competitive salary, top-tier medical, dental, and vision insurance, flexible work hours, and vacation time.</p>