NonQM Underwriter

Job Details

Job Location: 1000 Corporate American Financial Network Inc Brea, CA

Salary Range: $95000.00 $120000.00 Salaryyear

Job Summary

The Underwriter is responsible for performing a complete credit assessment review to ensure compliance with appropriate company, agency, and secondary market investor standards to issue a loan decision. The Underwriter must evaluate loans to minimize risk and loss, maximize organizational profit, and clearly communicate a sound credit decision.

Responsibilities

• Review assigned loans and issue a credit decision based on program guidelines and risk evaluation.
• Validate accuracy of information presented on consumer’s loan application.
• Evaluate documentation to verify authenticity and consistency based on information presented within the consumer’s loan application.
• Request supporting documentation as necessary to satisfy all necessary guidelines and requirements.
• Investigate applicant credit and employment history, calculate income, evaluate assets, assess consumer’s ability to repay, and ensure collateral is supported.
• Perform due diligence using provided tools, searches, and other methods to identify any discrepancies and minimize risk of misrepresentation or fraud on any given loan.
• Monitor pipeline of various loan types to ensure loans are reviewed within a timely manner.
• Review resubmissions and conditions and provide appropriate loan status updates to team members.
• Provide excellent customer service and communication with both internal and external customers.
• Respond to status requests, clarifications, and other servicerelated questions.
• Ensure use of company’s credit and underwriting policies and follow all applicable regulations, policies, procedures, and protocol when making credit decisions.
• Recognize and escalate issues for second level review to a manager as necessary.
• Complete final credit approval and sign off, ensuring all documentation within the loan file is satisfactory and in a deliverable state.
• Review aged or problem loans as needed to assist with difficult loans to ensure they are saleable.
• Review and respond to postclosing inquiries or errors as needed to resolve issues.
• Participate in various department meetings and trainings (procedure changes, new programs, etc.).
• Carry out other tasks as assigned.

• Knowledge and Skills Required

  • Working knowledge and understanding of agencyindustry regulations.
  • Working knowledge of Mortgage Loan Origination and Underwriting processes.
  • Ability to learn and follow company policies, procedures, and Underwriting protocol.
  • Ability to embrace technology and utilize a taskbased workflow.
  • Excellent customer service and writtenoral communication skills.
  • Excellent work ethic.

  • Credentials and Experience Required

    • Prior Underwriting experience in a traditional retail lending environment, including but not limited to conventional and nonconforming (nonQM loans).
    • Minimum 35 years’ experience underwriting NonQM loans.

    • Supervisory Responsibilities, If Any

      • NA

      • Physical Demands

        While performing the duties of this job, employee is regularly required to:

        • Sit for extended periods of time
        • Reach with arms and grasp with hands
        • Perform tasks using a computer and peripherals (keyboard, mouse, monitor)
        • Hear, talk, read, and write

        • Vision requirements include:

          • Close vision (computer monitor, paperwork)

          • 
            

            Salary Range: $95,000 $120,000

            The final salary will be determined based on the candidates experience and qualifications. The offered salary is also negotiable within this range.

            Work Location: Remote Position

            What We Provide:

            • Benefits: Medical, Dental, Vision, Life
            • 401k
            • VacationSick Days
            • Paid Holidays

            • Who We Are:

              American Financial Network, Inc. “AFN” is a unique force in the mortgage market. We are one of the nation’s largest privately held mortgage companies with the resources necessary to compete on a national level with the largest publicly held banks. AFN maintains speed to decision, responsive communication and flexibility through its private ownership and flat organizational structure. We are a team of dynamic, visionary and opportunistic professionals that thrive on the utilization of teamwork and technology to outperform our competition. We are driven by a vision of being a market leader through creating the ultimate standard in customer service and being consistently better by always seeking new ways to improve.

              We’re Proud of our Accomplishments!

              • Top 100 Mortgage Companies in America in 2020 by Mortgage Executive Magazine
              • 50 Best Companies to Work for by Mortgage Executive Magazine
              • Top Mortgage Employer by National Mortgage Professional Magazine
              • Top Mortgage Lenders by Scotsman Guide
              • Most Loved Employers by National Mortgage Professional Magazine
              • Honorable Culture of WellBeing Award by Cigna
              • America’s Fastest Growing Companies by Inc 5000
              • Most Powerful Women in Mortgage and Women of Influence awarded to our EVP of Operations by National Mortgage Professional Magazine & Housing Wire Magazine

              • American Financial Network, Inc. (“AFN”), NMLS #237341, is an Equal Opportunity Employer.