[Hiring] Sr. Underwriter - Non-QM & Jumbo @Lower

Role Description

The Sr. Underwriter is responsible for analyzing, evaluating and verifying Non-QM and Jumbo mortgage loan applications and evaluating loans for approval or denial in order to maximize organizational profit. This position is vital to Lower by minimizing risk or loss to the company, and to ensure the loan file conforms to the credit and property guidelines of all federal agencies, private mortgage insurers and investors.

Location: Remote - West Coast

Hours: 8:30am - 5pm PST

What you’ll do:

• Render approval/denial of mortgage loan applications consistent with current internal and external regulations and guidelines.
• Analyze and evaluate creditworthiness of borrowers including but not limited to the review of financial statements, tax returns, asset statements, bank account statements, etc.
• Investigate and document any anomalies in the credit file that may not have been addressed.
• Review and recommend approvals or denials for Jumbo and Non-QM loans. Additional loan types may also include government loans and conforming products.
• Issue loan conditions and required documentation to meet any investor, agency and/or regulatory requirements.
• Maintain current knowledge of internal and regulatory changes that affect the underwriting of mortgage loans.
• Provide guidance to loan processors on questions about various loan scenarios, documentation and guideline requirements.
• Provide and promote exceptional customer service both internally and externally.
• Demonstrate attendance, promptness, professionalism, attention to detail, cooperativeness with co-workers and management, and excellent customer service.
• Perform other duties or special projects as assigned.

Qualifications

• 3+ years of prior experience working as a Sr. Underwriter.
• 1+ year working primarily with Non-QM and/or Jumbo loans.
• Working knowledge of all current regulations governing mortgage lending.
• Working knowledge of investor and agency guidelines.
• Ability to use systems and software programs needed to conduct daily business.
• Encompass experience preferred.

Benefits

• Extended benefit offerings including medical/dental/vision, life insurance, short- and long-term disability, and parental leave.
• Paid holidays and paid time off.
• 401K with company match.
• Discounts on home mortgage refinances or purchase.