Non-QM Underwriter

The Underwriter is responsible for performing a complete credit assessment review to ensure compliance with appropriate company, agency, and secondary market investor standards to issue a loan decision.

Requirements

• Review assigned loans and issue a credit decision based on program guidelines and risk evaluation.
• Validate accuracy of information presented on consumer’s loan application.
• Evaluate documentation to verify authenticity and consistency based on information presented within the consumer’s loan application.
• Request supporting documentation as necessary to satisfy all necessary guidelines and requirements.
• Investigate applicant credit and employment history, calculate income, evaluate assets, assess consumer’s ability to repay, and ensure collateral is supported.
• Perform due diligence using provided tools, searches, and other methods to identify any discrepancies and minimize risk of misrepresentation or fraud on any given loan.
• Monitor pipeline of various loan types to ensure loans are reviewed within a timely manner.
• Review resubmissions and conditions and provide appropriate loan status updates to team members.
• Provide excellent customer service and communication with both internal and external customers.
• Respond to status requests, clarifications, and other service-related questions.
• Ensure use of company’s credit and underwriting policies and follow all applicable regulations, policies, procedures, and protocol when making credit decisions.
• Recognize and escalate issues for second level review to a manager as necessary.
• Complete final credit approval and sign off, ensuring all documentation within the loan file is satisfactory and in a deliverable state.
• Review aged or problem loans as needed to assist with difficult loans to ensure they are saleable.
• Review and respond to post-closing inquiries or errors as needed to resolve issues.
• Participate in various department meetings and trainings (procedure changes, new programs, etc.).
• Carry out other tasks as assigned.