Non-QM Underwriter
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Job Location:
Chandler, TX - USA
Monthly Salary:
$ 35 - 62
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
Description
Position at loanDepot
Position Summary:
Responsible for performing a detailed review of mortgage documentation to ensure the loans meet applicable guidelines. Detailed review will include reviewing all documentation including but not limited to credit reports income documentation asset documentation collateral and other applicable documentation as required to render a decision consistent with internal policies and investor guidelines. Ensures the performance of all duties in accordance with the companys policies and procedures all U.S. state and federal laws and regulations wherein the company operates
Responsibilities:
- Underwrites various loan products within designated lending authority levels to company investor and/or industry guidelines.
- Reviews and analyzes documentation provided on each loan including but not limited to the 1003 credit report income and asset documentation purchase agreement title report etc. to make an informed lending decision in compliance with company policies and guidelines.
- Documents lending decisions and completes required screens in the companys system of record to include the accurate completion of the various forms as required as well as adding and/or creating applicable conditions of the loan approval.
- Reviews conditions submitted on loans and signs off on the condition(s) when appropriate.
- Effectively explains rationale behind credit decision as necessary.
- Works closely with various internal team members to answer loan-specific underwriting questions discuss specific conditions or documentation requested and resolve problems as necessary.
- Runs reads and interprets Automated Underwriting Decision Results (such as Desktop Underwriter/Loan Prospector or other proprietary systems).
- Mentors and performs Second Sign reviews for as necessary.
- Provides active feedback to senior management on various topics including methods of continual process improvement.
Requirements:
- Bachelors Degree preferred and a minimum of two (2) years experience working in a similar field.
- Non-QM underwriting experience required.
- Current FHA and VA certification preferred.
Why work for #teamloanDepot:
- Aggressive compensation package based on experience and skill set.
- Inclusive diverse and collaborative culture where people from all backgrounds can thrive.
- Work with other passionate purposeful and customer-centric people.
- Extensive internal growth and professional development opportunities including tuition reimbursement.
- Comprehensive benefits package including Medical/Dental/Vision.
- Wellness program to support both mental and physical health.
- Generous paid time off for both exempt and non-exempt positions.
About loanDepot:
loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010 loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier faster and less stressful to purchase or refinance a home. Today loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of lifes most complex transactions. With headquarters in Southern California and offices nationwide loanDepot is committed to serving the communities in which its team lives and works through a variety of local regional and national philanthropic efforts.
Base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base pay for this role is between $35.58 and $62.26/hr. Your base pay will depend on multiple individualized factors including your job-related knowledge/skills qualifications experience and market location.
We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race religion color national origin gender sexual orientation age marital status veteran status or disability status.
Key Skills
- Loan Processing
- Computer Skills
- Fraud
- Math
- Banking
- Pricing
- Analysis Skills
- Fair Housing Regulations
- Underwriting
- Financial Analysis
- negotiation
- Phone Etiquette
About Company
Apply for your mortgage or refinance online with loanDepot. Trust the second largest non-bank lender in the country to provide you with quality mortgage lending and refinance services in all 50 states.
