Non-QM Underwriting Team Lead

April 10

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Premier Mortgage Associates

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Premier Mortgage Associates is a mortgage lending company that provides a wide range of home financing products designed for purchasing and refinancing homes. With over 25 years of experience, they offer a variety of loan programs including FHA, VA, Jumbo, and more, aimed at catering to diverse financial needs with competitive rates. Their team is dedicated to exceptional customer service, emphasizing a seamless loan process and strong client relationships.

mortgages • home loans • Refinances • VA Loans • FHA Loans

201 - 500 employees

Founded 1996

💸 Finance

💳 Fintech

👥 B2C

📋 Description

• Responsible for the management of an underwriting team supporting non-QM production. • Assist in managing and developing a highly analytical underwriting team. • Assign and prioritize workflow for team members. • Complete second level loan reviews for team members. • Assist underwriters, operations and origination partners with loan level escalations and work towards resolution of those escalations. • Communicate loan decisions in a timely manner to all parties. • Ability to manually underwrite complex transactions to ensure the loan meets established underwriting guidelines. • Compute income and debt ratio calculations following program guidelines and ability to repay requirements. • Perform mortgage credit analysis with or without the assistance of an automated underwriting system and ensure lending decisions follow company guidelines and policies. • Perform detailed analysis and review of appraisal for one-to-four family residential, 5-10 unit properties and mixed use properties to determine acceptability of security for loan programs. • Review loan documents for accuracy and consistency and address discrepancies as necessary. • Issue loan decisions to our business partners in a clear and concise manner. • Document decisions via loan origination platform and complete all final loan decision forms as required. • Prepare reports detailing risk assessment findings and other data that contribute to lending decisions. • Conduct risk assessments on potential clients based on previous borrowing history, credit rating, industry experience and other factors. • Provide mentoring, training and second signature on loans for underwriters attaining increased level of authority to include non-agency / non-QM loans. • Performs other related duties as assigned.

🎯 Requirements

• Bachelors degree in business or finance, or equivalent work experience • Minimum of 7 years of experience within the financial services industry in progressively more responsible positions • 2+ years of Current NonQM Experience Required, with an expertise in analyzing Bank Statements, DSCR, P&L Only, Asset Utilization, and Mixed Use Transactions • 3+ years of Underwriting Management Experience Required • Wholesale or Correspondent Experience Required

🏖️ Benefits

• Medical Plan • Dental Plan • Vision Plan • GAP Insurance • Life Insurance paid by the company • Voluntary Life Insurance • 401K • Pet Insurance • Legal Shield/ID Shield