Non-QM Underwriting Manager

November 23

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Champions Funding LLC

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Description

•Lead and manage the underwriting team, ensuring productivity, quality, and compliance with internal and external guidelines for Non-QM loans. •Serve as a subject matter expert, providing guidance on structuring eligible loans, interpreting product guidelines, and offering appropriate loan solutions for brokers and third-party originators. •Oversee analysis of borrower credit files, collateral, and capacity, ensuring loans meet all creditworthiness and risk mitigation standards. •Review and render decisions on complex underwriting scenarios, including but not limited to DSCR loans, bank statement programs, P&L loans, Foreign Nationals, and ITIN loans. •Ensure timely and accurate underwriting of Non-QM loans while meeting company policies, regulatory requirements, and internal guidelines. •Supervise the clearance of loan conditions, ensuring all data integrity is maintained and necessary documentation is complete. •Monitor and report on underwriting performance, identifying areas for improvement, providing coaching, and conducting regular team performance reviews. •Identify and mitigate potential risks, such as fraud or misrepresentation, and take appropriate corrective actions as needed.

Requirements

•5+ years of experience underwriting Non-QM loans, including DSCR, bank statement, P&L loans, Foreign Nationals, and ITIN programs. •Proven experience in a leadership role, including managing underwriting teams. •Expertise in manual underwriting and DTI calculations for various loan programs. •Strong working knowledge of Meridian Link, Lending QB, or similar loan origination systems. •Excellent analytical skills with the ability to evaluate complex financial data and assess borrower risk. •Exceptional verbal and written communication skills with a focus on delivering excellent customer service in a fast-paced environment. •Ability to make well-informed, sound decisions while balancing risk and profitability. •Highly organized, detail-oriented, and able to work under pressure to meet deadlines.