Offer summary

Qualifications:

High School diploma or equivalent required., Minimum of four years of mortgage underwriting experience, including two years in Non-QM loans., Proficiency in Desktop Underwriter (DU) and Loan Prospector (LP) programs., Bachelor's degree preferred..

Key responsibilities:

Underwrite Non-QM loan products within authorized guidelines.

Review and analyze loan documentation to make informed lending decisions.

Document lending decisions and complete system screens accurately.

Collaborate with internal teams to resolve underwriting questions and issues.

Job description

Description

Position at loanDepot

Position Summary:

Responsible for underwriting loans for successful transaction and sale. Ensures the performance of all duties in accordance with the company’s policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates.

Responsibilities:

Underwrites Non-QM loan products, within designated lending authority levels, to company, investor, and/or industry guidelines.
Reviews and analyzes documentation provided on each loan including but not limited to the 1003, credit report, income and asset documentation, purchase agreement, title report, etc. to make an informed and high-quality lending decision in compliance with company policies and guidelines.
Documents in detail lending decisions and completes required screens in the company’s system of record, to include the accurate completion of the various forms as required, as well as adding and/or creating applicable conditions of the loan approval.
Reviews conditions submitted on loans and signs off on the condition(s) when appropriate.
Effectively explains rationale (decision methodology) behind credit decision and condition requirements as necessary.
Identifies exception opportunities by submitting recommendations, along with a detailed written rationale to support their decision, to the appropriate group.
Works closely with various internal team members, including sales partners, to answer loan-specific underwriting questions, discuss specific conditions, documentation requested, and resolve problems as necessary.
Runs, reads, and interprets Automated Underwriting Decision Results (such as Desktop
Underwriter/Loan Prospector or other proprietary systems), if applicable.
Mentors junior underwriters and performs Second Sign reviews as designated by management.
Provides active feedback to senior management on various topics, including methods of continual process improvement.

Requirements:

High School Degree or equivalent required and a minimum of six (6) + years of successful professional experience within the mortgage lending industry preferred.
Bachelor’s Degree preferred.
Minimum of four (4) + years of successful mortgage underwriting experience required with 2+ years of Non-QM experience.
Proficiency in Desktop Underwriter (DU) and Loan Prospector (LP) Programs required.

Why work for #teamloanDepot:

Aggressive compensation package based on experience and skill set.
Inclusive, diverse, and collaborative culture where people from all backgrounds can thrive.
Work with other passionate, purposeful, and customer-centric people.
Extensive internal growth and professional development opportunities including tuition reimbursement.
Comprehensive benefits package including Medical/Dental/Vision.
Wellness program to support both mental and physical health.
Generous paid time off for both exempt and non-exempt positions.

About loanDepot:

loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster, and less stressful to purchase or refinance a home. Today, as the nation's second largest non-bank retail mortgage lender, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional, and national philanthropic efforts.

Base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base pay for this role is between $32.00/hr and $45.00/hr. Your base pay will depend on multiple individualized factors, including your job-related knowledge/skills, qualifications, experience, and market location.

We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

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