Non-QM - Jumbo Underwriter - DSCR

Work set-up: 
Full Remote
Contract: 
Experience: 
Senior (5-10 years)
Work from: 

Offer summary

Qualifications:

Minimum of 5 years underwriting experience, including recent DSCR loan review., Strong analytical skills and attention to detail., Excellent communication and interpersonal skills., Proficiency in computer applications like Outlook, Word, and Excel..

Key responsibilities:

  • Analyze mortgage loan applications for accuracy and compliance.
  • Review resubmitted documentation to issue final loan decisions.
  • Respond to loan audits and post-closing documentation requests.
  • Maintain knowledge of investor guidelines through ongoing training.

Newfi Lending logo
Newfi Lending https://www.newfi.com/
51 - 200 Employees
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Job description

Job Type
Full-time
Description

  

DSCR NQM Underwriter


Description

NQM underwriter DSCR team role analyzes accuracy and compliance of residential mortgage loan applications within the scope of private investor and company guidelines. This role is responsible for minimizing the risk exposure of the organization by certifying applications are underwritten to the applicable parameters.


Minimum Qualifications

  • 3+ years current experience as an underwriter reviewing all facets of the credit file, including collateral, and condo documents to Non-QM Loan guidelines, specifically DSCR products.
  • 5+ years minimum prior underwriting experience.
Requirements

  

Expertise

Completing a thorough analysis of loan applications to assess accuracy of data, evaluate risk and compliance with company and investor guidelines and subsequently issuing compliant loan decisions.

Subsequent review of resubmitted documentation and analysis as necessary to issue a final loan decision.


Requirements

  • Must have current or recent experience in underwriting DSCR loans. 
  • Excellent analytic skills, attention to detail, and decision-making skills. 
  • Professional and effective interpersonal skills. Ability to build strong relationships with internal business partners to achieve success.
  • Excellent level of oral and written communication skills. Ability to communicate across a variety of audiences.
  • Ability to work within time constraints.
  • Intermediate level of computer skills and the ability to function in a windows environment utilizing Outlook, Word, and Excel.
  • Ability to rapidly acquire detailed knowledge of departmental policies, practices and procedures.
  • Strong time management skills, fast learner, self-motivated, and comfortable taking initiative and handling multiple responsibilities.
  • Committed to taking responsibility and ownership for agreed actions and delivery.

Administrative

  • Responding to loan audits and post-closing requests for additional documentation in a timely manner.
  • Completing self-provisioned and assigned training and research to maintain a current working knowledge of investor guidelines and policies.
  • Other duties as assigned by Supervisor or Manager
  • Completing self-provisioned and assigned training and research to maintain a current working knowledge of agency and investor guidelines and policies.

Benefits

  • Competitive comp plan with salary.
  • 401k and full medical, dental, vision.
  • Monthly incentive plan

Newfi Lending is an Equal Opportunity Employer. We respect and aim to empower individuals and support the diverse cultures, perspectives, skills, and experiences within our workforce.


Visit us at www.newfi.com or www.newfiwholesale.com
 

Disclaimer - The above statements are intended to describe the general nature and level of work being performed by people assigned to this position. They are not intended to be an exhaustive list of all associated responsibilities, skills, efforts, or working conditions. The Company reserves the right to change, amend, add, delete, and otherwise assign any and all duties, responsibilities, and position titles, as it deems necessary to meet the needs of the business.


#LI-REMOTE

Salary Description
90,000 - 105,000

Required profile

Experience

Level of experience: Senior (5-10 years)
Spoken language(s):
English
Check out the description to know which languages are mandatory.

Other Skills

  • Decision Making
  • Analytical Skills
  • Microsoft Word
  • Communication
  • Microsoft Excel
  • Time Management
  • Social Skills
  • Microsoft Outlook
  • Quick Learning
  • Detail Oriented
  • Self-Motivation

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