Wholesale Mortgage Underwriter Needed Now- Must have Non-QM experience
FundLoans Capital is a wholesale mortgage lender specializing in Non-QM mortgage and we are seeking qualified Underwriters to join our growing team. The ideal candidate is a practical outside the box thinker who can deliver high quality loans to our investors…
If you have expertise in non-QM products like Bank Statement loans, Asset Utilization and DSCR loans, manual underwriting, jumbo credit risk / wealth profiles/ income streams, you have the skill sets we need. Communication and negotiation abilities, persuasiveness, creativity, problem-solving skills and an ability to share your knowledge freely with others are the keys to success in this space.
The ideal candidate would work in-person at our office located in Carmel Valley, San Diego, CA. We are open to hiring hybrid or remote workers.
Check out what makes working for FundLoans so special!
https://www.fundloans.com/careers
Duties and Responsibilities:
Experienced in alternative income documentation review, such as personal and business bank statement analysis, and asset depletion.
Review all loan documentation, perform an analysis of findings, input data, draft complete loan conditions and call out loan decisions.
Review of Credit documentation to assure compliance with investor standards on the number/type of tradelines; repayment history; derogatory credit events and minimum payments on obligations.
Review of residential mortgage appraisal forms for all residential property types, and all property valuation tools including and not limited to Collateral Desk Assessments and AVMs.
Calculation of Loan to Value Ratios, Debt-To-Income Ratios, Residual Incomes, Payment Shock, and other pertinent measures of repayment ability
Analysis of income from salaries, commissions, self-employment, investments, asset depletion and fixed income sources.
Analyze assets statements for bank statement income approach products.
Reconcile findings with published guidelines to address/resolve variances, create lending solutions based on approvable exception scenarios and counteroffers.
Communicate directly with Account Executives, Brokers and management regarding the loan status, declines, issues, and approvals.
Perform related duties as requested.
Required Wholesale Underwriter Qualifications:
Minimum five years as a Wholesale Underwriter with the ability to underwrite to multiple Investor guidelines and Loan Products.
Must demonstrate thorough knowledge of all aspects of wholesale loan production and mortgage loan file flow.
Strong background in Non-Prime, Non-QM, Jumbo and Super Jumbo required.
Excellent written and verbal skills; ability to speak with Brokers, AEs and management regularly.
Excellent computer skills with working knowledge of multiple Loan Origination Systems