Underwriter - Non QM - UP TO A $20,000 SIGN ON BONUS!!
Arc Home LLC5.0
Mount Laurel, NJ
Job description

The Company is seeking an Underwriter – NonQM and Non-Agency. The position will report to the COO and be responsible for underwriting non-agency/non-qm mortgage loans and performing credit analysis to ensure compliance with corporate and secondary market investor standards. The Senior Underwriter will be responsible for examining loan documentation for accuracy and completeness in a prior approval environment, as well as finding solutions and rendering underwriting decisions for loans originated through wholesale and correspondent channels and subsequent clearing of conditions to ensure product guidelines are met.

Essential Job Functions

· Be primary point of contact as subject matter expert (SME) assisting salesforce and business partners in structuring eligible loans in conjunction with the Company’s third-party originators.

· Interpret and provide appropriate loan solutions for Non-QM/Non-Agency loan requests

· Analyze borrower’s credit file, collateral and capacity to ensure credit-worthiness

· Perform manual underwriting review to ensure loan meets all product and property guidelines of Company and investors, as well as compliance with corporate and secondary market investor standards.

· Underwrite Non-Agency/Non-QM correspondent, wholesale/broker and retail loans in a timely manner to ensure loan meets all product and property guidelines of Company and investors, as well as meeting all established loan policies, credit limits and regulatory requirements.

· Clear conditions timely on loans; affirm data integrity on all submissions.

· Identify potential misrepresentation or fraud.

· Keep up-to-date with all guideline changes and system enhancements.

Position Qualifications (Education and/or Experience and Skills)

· Working knowledge of non-agency/non-qm underwriting guidelines demonstrated through a minimum of 5+ years underwriting experience on non-agency/non-qm products.

· FHA and VA underwriting experience is desirable.

· High attention to detail and effective problem-solving skills.

· Ability to work independently, with minimal supervision.

· Ability to multitask in a high-volume environment.

· Excellent written and oral communication skills.

· Continuous focus on the customer experience.

Job Type: Full-time

Benefits:

  • 401(k)
  • 401(k) Matching
  • Dental Insurance
  • Disability Insurance
  • Health Insurance
  • Life Insurance
  • Paid Time Off
  • Vision Insurance

Schedule:

  • Monday to Friday

Supplemental Pay:

  • Bonus Pay
  • Signing Bonus

Experience:

  • relevant: 3 years (Preferred)
  • Underwriting: 3 years (Preferred)

Work Location:

  • Fully Remote

This Job Is Ideal for Someone Who Is:

  • Dependable -- more reliable than spontaneous
  • Detail-oriented -- would rather focus on the details of work than the bigger picture
  • Autonomous/Independent -- enjoys working with little direction

This Company Describes Its Culture as:

  • Detail-oriented -- quality and precision-focused
  • Outcome-oriented -- results-focused with strong performance culture
  • Stable -- traditional, stable, strong processes
  • People-oriented -- supportive and fairness-focused
  • Team-oriented -- cooperative and collaborative

Company's website:

  • https://www.archomellc.com/

Benefit Conditions:

  • Only full-time employees eligible

Work Remotely:

  • Yes
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    5.0
  • Company & Benefits
    5.0 / 5
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  • Career Opportunities
    5.0 / 5
  • Work/Life Balance
    5.0 / 5
  • Senior Management
    5.0 / 5
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