Non-QM Underwriter
Non-QM Underwriter
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Job Description
Job Details
Job Summary
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. The Underwriter must evaluate loans to minimize risk and loss maximize organizational profit and clearly communicate a sound credit decision.
Responsibilities
- Review assigned loans and issue a credit decision based on program guidelines and risk evaluation.
- Validate accuracy of information presented on consumers loan application.
- Evaluate documentation to verify authenticity and consistency based on information presented within the consumers 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 consumers 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 companys 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.
Knowledge and Skills Required
- Working knowledge and understanding of agency/industry regulations.
- Working knowledge of Mortgage Loan Origination and Underwriting processes.
- Ability to learn and follow company policies procedures and Underwriting protocol.
- Ability to embrace technology and utilize a task-based workflow.
- Excellent customer service and written/oral communication skills.
- Excellent work ethic.
Credentials and Experience Required
- Prior Underwriting experience in a traditional retail lending environment including but not limited to conventional and non-conforming (non-QM loans).
- Minimum 3-5 years experience underwriting Non-QM loans.
Supervisory Responsibilities If Any
- N/A
Physical Demands
While performing the duties of this job employee is regularly required to:
- Sit for extended periods of time
- Reach with arms and grasp with hands
- Perform tasks using a computer and peripherals (keyboard mouse monitor)
- Hear talk read and write
Vision requirements include:
- Close vision (computer monitor paperwork)
Salary Range: $95000 - $120000
The final salary will be determined based on the candidates experience and qualifications. The offered salary is also negotiable within this range.
Work Location: Remote Position
What We Provide:
- Benefits: Medical Dental Vision Life
- 401k
- Vacation/Sick Days
- Paid Holidays
Who We Are:
American Financial Network Inc. AFN is a unique force in the mortgage market. We are one of the nations largest privately held mortgage companies with the resources necessary to compete on a national level with the largest publicly held banks. AFN maintains speed to decision responsive communication and flexibility through its private ownership and flat organizational structure. We are a team of dynamic visionary and opportunistic professionals that thrive on the utilization of teamwork and technology to outperform our competition. We are driven by a vision of being a market leader through creating the ultimate standard in customer service and being consistently better by always seeking new ways to improve.
Were Proud of our Accomplishments!
- Top 100 Mortgage Companies in America in 2020 by Mortgage Executive Magazine
- 50 Best Companies to Work for by Mortgage Executive Magazine
- Top Mortgage Employer by National Mortgage Professional Magazine
- Top Mortgage Lenders by Scotsman Guide
- Most Loved Employers by National Mortgage Professional Magazine
- Honorable Culture of Well-Being Award by Cigna
- Americas Fastest Growing Companies by Inc 5000
- Most Powerful Women in Mortgage and Women of Influence awarded to our EVP of Operations by National Mortgage Professional Magazine & Housing Wire Magazine
American Financial Network Inc. (AFN) NMLS #237341 is an Equal Opportunity Employer.
Employment Type
Unclear
