Senior Underwriter - NON-QM

July 21

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NightOwl Consulting

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Description

• Play a critical role in the mortgage lending process by assessing risk associated with loans. • Evaluate loan applications and ensure they meet lender's guidelines and regulatory requirements.

Requirements

• Be primary point of contact as subject matter expert (SME) assisting salesforce and business partners in structuring eligible loans in conjunction 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 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 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. • Risk Assessment: • Analyze the risk associated with each loan application based on factors such as credit history, debt-to-income ratio, employment stability, and property appraisal. • Identify potential risks and assess the likelihood of default, ensuring compliance with lending regulations and internal policies. • Guideline Compliance: • Ensure that all mortgage loan applications adhere to regulatory requirements. • Interpret and apply lending guidelines, policies, and procedures to make informed decisions on loan approvals or rejections. • 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.

Benefits

• Above market salary • HMO on Day 1 for principal and two dependents • Government-mandated benefits • In-depth training for career growth • Great Company Culture and HR experience • 1,000 PHP De Minimis • Equipment and software provided