[Hiring] Non-QM Underwriter @Onity

Role Description

This position offers an exciting opportunity to play a crucial role in our Correspondent Lending business. We are hiring experienced Non-QM Underwriters to support the expansion of our rapidly growing non-delegated channel. The Non-QM Mortgage Underwriter reviews, conditions and underwrites mortgage loans in accordance with established policies and procedures and appropriate guidelines; examines all documentation for accuracy and completeness.

• Review and analyze the mortgage loan application to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines to minimize risk factors.
• Responsible for making independent decisions regarding acceptance and risk of loans according to FNMA, FHLMC, PHH, and applicable Non-QM investor guidelines.
• Approves loans, issues alternative options or adverse actions accordingly.
• Adheres to all applicable internal PHH Mortgage policies and procedures.
• Meets determined service level time frame requirements set by management.
• Work with staff and management to find solutions on escalated loans.
• Manage loans by using all functions of Encompass.
• Effectively communicate underwriting decisions to Seller.
• Maintain high level of customer service and communication both internally and externally.
• Other duties as assigned.

Qualifications

• Minimum three years mortgage experience underwriting non-QM loans.
• Working knowledge of FNMA and FHLMC and Non-QM guidelines.
• Ability to review and calculate complex personal and or business financials.
• Ability to underwrite Non-QM and Non-Agency products, including but not limited to bank statement income analysis, Asset Depletion, and DSCR.
• Ability to review credit reports, preliminary title reports, judgments, bankruptcy documents, appraisals and any additional applicable credit documents.
• Correspondent Lending experience preferred.
• Strong working knowledge of Encompass.
• Ability to effectively present information and respond to questions both internally and externally in a professional, articulate, and respectful manner.
• Strong organizational, problem-solving, and analytical skills.
• Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm.
• Acute attention to detail.
• Provides quality control responses timely.
• Consistently meets or exceeds established minimum productivity and quality goal.
• Excellent customer service skills.
• Proven ability to handle multiple projects and meet deadlines.
• Good judgment with the ability to make timely and sound decisions.
• Bilingual skills a plus.
• FHA and VA a plus.

Requirements

• Must pass the Company’s Background Screening process prior to beginning employment.
• Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.

Benefits

• Comprehensive benefits package including medical, dental and vision.
• Up to 3% match on 401(k) contributions.
• Generous paid time off.
• Company-paid life, accident and disability coverage.
• Programs for mental, physical and financial wellness.
• Monthly bonus based on performance and subject to the terms of the Company’s applicable plans.