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 AVM’s.
• 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, AE’s and management regularly.
• Excellent computer skills with working knowledge of multiple Loan Origination Systems
