Job Description
Non-QM Underwriter
JOB DESCRIPTION
A MORTGAGE UNDERWRITER WILL UNDERWRITE residential LOANS ENSURING COMPLIANCE with APPROPRIATE COMPANY AND SECONDARY market INVESTOR STANDARDS. The underwriter will be responsible for examining loan documentation for accuracy and completeness. Will be working with loan originators or production staff to secure all required documents. This position will work with more senior underwriters on loan exceptions. HAS THE AUTHORITY TO WITHDRAW AND DECLINE LOANS. May be involved in one or several types of mortgage lending (conventional, government-backed, etc.) This job code includes all levels of underwriting authority and exception levels.
RESPONSIBILITIES:
- As an underwriter you will be responsible for but not limited to the underwriting of residential loans ensuring compliance with appropriate company and secondary market investors.
- A Mortgage Underwriter will be responsible for examining loan documentations for accuracy and completeness while working with loan originators or production staff to secure all required document.
- You may be required to work with more senior mortgage underwriters on loan exceptions having the authority to withdraw and decline loans.
- Mortgage Underwriters may be involved in one or several types of mortgage lending (conventional, government-backed, etc.)
- You may also be required to respond directly to individual and investor audits.
- This job code includes all levels of underwriting authority and exception levels.
- Review loan documents for accuracy and consistency and address discrepancies as necessary.
REQUIRED SKILLS
- Strong analytical skills
- Previous experience as a Mortgage Underwriter
- Strong oral and written communication skills
- Excellent interpersonal skills
- Must have excellent problem-solving skills
- Thorough understanding of credit and an ability to review complex financial documents
- Ability to assess an individual's creditworthiness while adhering to all regulatory and compliance requirements
- Ability to make credit recommendations
- Commitment to teamwork
- Ability to meet production, quality and service standards along with providing direct coaching and feedback to ensure quality
- Self-motivated
- Ability to work in a fast-paced, high volume environment, while practicing sound lending judgment
- The associate must have 3 to 5 years’ experience as a mortgage underwriter or mortgage processor, and be able to think outside of the box to obtain the required information on a retro basis.
- They must be able to assess the information obtained and determine if it validates the information used to qualify the borrower at the time of modification offer.
- The employee must be able to work independently producing results in a timely manner.
- They must have a strong understanding of the various documentation types, loan programs as well as the overall general underwriting guidelines.
- Must possess strong organization skills.
- Must have a working knowledge of computer applications.
- Loss mitigation experience a plus.
- Underwriting certifications a plus but not required.
- Secondary market experience a plus
BENEFITS!
Dental Insurance
Flexible Schedule
Health Insurance
Paid Accrued Time Off
Paid Accrued Sick Time Off
Vision Insurance
ABOUT EXCELERATE CAPITAL!
WELCOME TO EXCELERATE CAPITAL, the innovator in NONQM lending. WE HAVE ONE GOAL AND ONE GOAL ONLY. To provide a world class experience in mortgage lending. To fulfill that lofty goal, we committed to providing: a wide array of loan products, flexible and common-sense underwriting guidelines, competitive pricing, and excellent customer service.
EXCELERATE CAPITAL IS THE TRUSTED NAME in providing expanded loan products for every stop of our clients' lives. As a leader in wholesale and alternative lending, OUR MISSION IS TO PROVIDE OUR CLIENTS THE CERTAINTY AND ASSURANCE OF A RELIABLE SOLUTION FIT THEIR UNIQUE NEEDS.
Our corporate President often says, “OUR EMPLOYEES ARE OUR MOST IMPORTANT CUSTOMERS,” so are you interested in being a part of a dynamic organization that is redefining an industry? Here at Excelerate Capital, we are EXPERIENCING GROWTH and continue to look for experienced Loan Officers and Account Executives to HELP US REACH OUR GREATEST POTENTIAL. Come join our team in Newport Beach to help reshape the residential lending landscape and make products that affect millions nationwide.
Visit us on!
COMPANY WEBSITE: www.exceleratecapital.com
FACEBOOK: https://www.facebook.com/ExcelerateCapital/
INSTAGRAM: https://www.instagram.com/exceleratecapital/
LINKEDIN: linkedin.com/company/exceleratecapital/
4000 MacArthur Blvd #800, Newport Beach, CA 92660
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