Mortgage Underwriter

Job Summary:

We are seeking a highly skilled Mortgage Underwriter - Non-QM Specialist to join our team at Paramount Residential Mortgage Group. As a key member of our underwriting team, you will be responsible for reviewing and analyzing loan files to ensure compliance with company and investor guidelines.

Responsibilities:

• Conduct thorough analysis of loan files to determine compliance with company and investor guidelines.
• Evaluate entire credit package and collateral for residential mortgage loans to ensure an investment-quality loan product.
• Verify accuracy of all calculations and data integrity.
• Complete all required underwriting worksheets found in FastTrac 360 Resource Center.
• Recommend loan disposition to underwriting manager for loan amounts exceeding authority limitation.
• Maintain company standard for productivity level and comply with company policy of 48-hour underwriting turnaround time and 24-hour turnaround time for clearing conditions.
• Meet productivity standards and strive to meet 2 decisions per day within allotted time.
• Communicate decisions on loans to appropriate parties both verbally and in writing.
• Maintain underwriting activity logs and provide monthly underwriting report to underwriting manager.
• Perform frontline underwriting of non-QM loan products.
• Analyze applicant's income and expense data, asset documentation, credit reports, and property valuations.
• Perform manual underwriting, requiring detailed familiarity with various loan programs.
• Execute appraisal analysis to determine acceptable collateral standards.
• Perform additional related duties as required.
• Provide guidance to processors on guideline interpretations and loan file questions.
• Respond to post-closing reviews and audits in a timely fashion.

Qualifications:

• Minimum five years of recent NON-QM mortgage underwriting experience with solid working knowledge of underwriting guidelines.
• Ability to review and calculate complex personal and/or business financials and tax profiles.
• Excellent written and verbal communication skills.
• Experience working in a fast-paced team environment.
• Encompass loan origination system experience required.

Skills:

• Strong interpersonal and communication skills.
• Detail-oriented with excellent written and verbal communication skills.
• Technologically proficient in MS Windows software.

Education:

• High school diploma.