- Nationwide Mortgage Bankers was named the Fastest Growing Private Mortgage Bank on the East Coast by INC® and the #1 Ranked Mortgage Company in the Small & Medium category of the Best Workplaces in Financial Services & Insurance by Fortune and Great Place to Work®
Join a winning team and take your career to the next level.
Nationwide Mortgage Bankers, Inc
nmbnow.com
NMLS: 819382
The Sr. NON QM Underwriter’s primary responsibility is to review and analyze applications for NON-QM residential mortgage loans. The Mortgage Underwriter will be responsible for reviewing third party reports such as credit reports and appraisals, reviewing and calculating income, reviewing asset documentation, and following up on outstanding loan conditions, clearing files to close, and ensuring compliance with all applicable lending guidelines.
The Sr. Underwriter will also be responsible for the review of loan applications to determine compliance with applicable state and federal regulations, investor guidelines. Review and analyze submitted loans for This includes ensuring that loan requests meet program and product specifications or counteroffer to a product and/or program when appropriate. Communicate decision (approval, counteroffer, suspense, denial) to applicable individuals within the department. Manage application turn time by executing credit decision according to the measurement set by department manager; meet targets. Support Underwriters, Processors and Home Loan Advisers as needed with scenarios and loan structuring.
Essential Job Function
- Analyze loan packages to render valid credit decisions consistent with NON-QM guidelines, investor overlays, industry standards and internal policies.
- Review borrower’s capacity and ability to repay per compliance regulations
- Maintain company set SLA’s while accommodating rush requests and exceptions.
- Discuss and review files with loan officer, processors, team leaders or managers
- Recommend restructuring of loans to comply with guidelines
- Manage and execute multiple priorities and tasks effectively in a high-pressure environment
- Resolve post-closing underwriting issues
- Maintain a thorough understanding of state and federal laws and regulations related to compliance including bank secrecy and anti-money laundering laws appropriate to the position.
REQUIRED SKILLS:
- Ability to assess layered risk
- Strong written and verbal communication skills
- Technical Skills including operating LOS system and basic Microsoft software
Education/Experience:
- Must have a minimum of 3+ underwriting experience that includes 1+ year NON QM underwriting experience
- Experience calculating nontraditional income loans, DSCR. Alt Docs, etc.
- Knowledge of agency & secondary market investor guidelines and overlays
- Knowledge of encompass
Nationwide Mortgage Bankers, Inc. is an Equal Opportunity Employer. Our Company does not and will not discriminate in our employment and staffing practices on the basis of race, age, disability, gender, sexual orientation, nationality or any other basis prohibited by law.
Job Type: Full-time
Pay: $90,000.00 - $110,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Schedule:
Work Location: Remote