Non-QM & Conventional Loan Underwriter

4 weeks ago


Miami, United States Ascendo Resources Full time

Responsibilities:

  • Review and analyze mortgage loan applications for both Non-QM and Government programs, including Conventional, FHA, VA, and USDA loans.
  • Evaluate borrower financial documents, credit history, and collateral to determine loan eligibility and risk assessment.
  • Ensure compliance with all regulatory requirements, investor guidelines, and company policies throughout the underwriting process.
  • Communicate effectively with loan officers, processors, and other stakeholders to gather additional information or clarify discrepancies as needed.
  • Assess property appraisals and other valuation reports to confirm property value and suitability for financing.
  • Utilize underwriting software and systems to accurately document underwriting decisions and maintain loan files.
  • Provide timely and accurate underwriting decisions, adhering to service level agreements and turnaround times.
  • Identify and escalate potential fraud or misrepresentation issues to mitigate risk and protect the interests of the company.
  • Stay informed about industry trends, regulatory changes, and best practices in mortgage underwriting to continuously improve processes and outcomes.

Requirements:

  • 5+ years of experience working with and underwriting government and Non-QM loans.
  • Bachelor's degree in finance, business, or a related field preferred.
  • Strong understanding of FHA, VA, and USDA loan guidelines, as well as Non-QM lending criteria.
  • Excellent analytical skills with the ability to interpret complex financial data and make informed decisions.
  • Detail-oriented mindset with a commitment to accuracy and quality in underwriting decisions.


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