American Residential Lending is hiring a Non-Agency / Non-QM Underwriter to join our corporate operations team.
PRIMARY PURPOSE OF JOB AND CONTRIBUTION TO ORGANIZATION:
Responsible for the underwriting of non-agency, non-QM and Hard Money loans as well as reviewing supporting documentation to assess borrowers' credit worthiness and ability to repay the mortgage obligation. Supporting documentation to include, but not limited to, credit reports, income documentation, asset documentation, appraisals and collateral reports, fraud prevention tools and any other documents necessary to render a decision.Must comply with all BSA/AML requirements as well as any mandatory changes.
ESSENTIAL TASKS AND RESPONSIBILITIES:
- Ability to manually underwrite complex transactions to ensure the loan meets established underwriting guidelines.
- Compute income and debt ratio calculations following program guidelines and ability to repay requirements.
- Perform mortgage credit analysis with or without the assistance of an automated underwriting system and ensure lending decisions follow company guidelines and policies.
- Perform detailed analysis and review of appraisal for one-to-four family residential properties to determine acceptability of security for loan programs
- Review loan documents for accuracy and consistency and address discrepancies as necessary.
- Issue loan decisions to our business partners in a clear and concise manner.
- Document decisions via loan origination platform and complete all final loan decision forms as required.
- Provide exceptional customer service to both our internal and external customers, including but not limited to answering loan specific questions on non-agency programs and reviewing program requirements within established SLAs.
- Maintain production goals & standards in accordance with established SLAs and production metrics.
- Provide mentoring, training and second signature on loans for underwriters attaining increased level of authority to include non-agency / non-QM and Hard Money loans
- Other duties as assigned.
QUALIFICATIONS:
- High School Diploma
- 3-5 years manual underwriting experience in the mortgage industry with Non-QM, Hard Money loans and Ground Up Construction.
- Proficient with self-employed income calculations and guidelines
- Expertise in FNMA/FHLMC lending a must
- Strong attention to detail
- Excellent problem-solving skills
- Strong interpersonal and communication skills a must
- Ability to work in a fast-paced environment
American Residential Lending offers a pleasant work environment, competitive compensation and excellent benefits package; including medical, dental, vision, life insurance, STD, LTD and 401(k) with employer match.
American Residential Lending (NMLS 1359704) is an Equal Opportunity Employer committed to workforce diversity. Qualified applicants will receive consideration without regard to race, religion, color, orientation, gender, age, national origin, veteran status, disability status or marital status. Employment is contingent upon successful completion of a background investigation. American Residential Lending is an FHA Approved Lending Institution and is not acting on behalf of or at the direction of HUD/FHA or the Federal government. To verify licensing, please visit www.NMLSConsumerAccess.org
Benefits:
- Health insurance
- Dental insurance
- Vision insurance
- Paid time off
- Retirement plan
Schedule:
This Job Is:
- Open to applicants who do not have a college diploma
Job Type: Full-time
Education:
- High school or equivalent (Required)
Experience:
- Non-qm underwriting: 3 years (Required)
Work Location: Remote