Non-QM Underwriter
$70,000–$70,000 year
On-siteCorona, California, United States
Job Summary
Conduct thorough analysis of loan files to determine compliance with company and investor guidelines for non-QM mortgage products. Evaluate credit packages, collateral, income, expense data, and property valuations while ensuring all required underwriting worksheets are completed in FastTrac 360. Communicate loan decisions to borrowers, investors, and escrow companies verbally and in writing, maintaining activity logs and providing monthly reports to the underwriting manager. Respond to post-closing reviews and audits in a timely fashion, adhering to a 48-hour turnaround time for underwriting and 24-hour turnaround for clearing conditions. Strive to meet a target of two decisions per day while performing manual underwriting and executing appraisal analyses to meet acceptable collateral standards.
Required Qualifications
- Minimum five years of recent NON-QM mortgage underwriting experience
- solid working knowledge of underwriting guidelines to include FNMA, FHLMC, and NON-QM Investors
- Ability to review & calculate complex personal and/or business financials and tax profiles
- Excellent written and verbal communication
- Experience working in a fast-paced team environment
- Encompass loan origination system experience required 5+ years
- Strong interpersonal-communication and business-relationship skills
- Detail oriented
- Technologically proficient in MS Windows software
- High school diploma
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