NQM Underwriter, Correspondent Lending Division
Description: Location: Remote Industry: Financial Services / Mortgage Lending About Newfi Lending Founded in 2014 and headquartered in Emeryville, CA, Newfi Lending is owned by Apollo Global Management, one of the largest private equity firms in the world. As one of the largest non-QM lenders in the industry, we are passionate about offering innovative lending solutions to borrowers nationwide. Our proprietary loan programs and common-sense exceptions provide greater opportunities to qualify self-employed borrowers, real estate investors, and borrowers seeking to access their home equity through our Wholesale, Correspondent, and Consumer Direct channels. We are looking for forward-thinking and dynamic professionals to be a part of Newfi’s story. Apply today to join our team! Description The Non-QMUnderwriter 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 of current experience as an underwriter reviewing all facets of the credit file, including collateral, and condo documents to Non-QM Loan guidelines, specifically, full doc, bank statement and asset depletion.
- 5+ years minimum prior underwriting experience.
- Correspondent Lending experience required
- AUS experience required
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:
- 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 matching with full vesting after 3 years.
- 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 , www.newfiwholesale.com or www.newficorrespondent.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 Apply tot his job Apply To this Job