Correspondent Underwriting Manager

12 hours ago

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Champions Funding LLC

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Description

• Lead and manage a team of underwriters to ensure timely and accurate reviews of Non-QM loan submissions. • Ensure compliance with company guidelines and company policies for Non-QM products, such as bank statement, DSCR, and asset depletion loans. • Review loan files for completeness and regulatory compliance. • Provide coaching and training to underwriting staff, fostering performance and professional growth. • Set and monitor team performance goals to ensure efficiency and quality. • Ensure underwriting decisions comply with federal and state regulations, including ATR/QM rules and Dodd-Frank. • Mitigate risks through proactive analysis and sound decision-making. • Continuously improve underwriting processes and collaborate with internal teams to streamline operations. • Serve as the subject matter expert on Non-QM products, offering guidance to internal teams and external partners.

Requirements

• Bachelor’s degree in Business, Finance, or a related field preferred. • Equivalent experience will be considered. • 5-7 years of mortgage underwriting experience, with at least 3 years in a leadership role in Correspondent Lending. • Strong knowledge of Non-QM loan products and investor guidelines. • In-depth understanding of Non-QM mortgage guidelines and regulatory requirements. • Strong leadership and team management skills. • Ability to make quick, sound underwriting decisions. • Excellent attention to detail and problem-solving abilities. • Proficiency in Meridian Link (LOS) and Microsoft Office Suite. • Effective written and verbal communication skills.