Residential Loan Acquisition Expert

2 weeks ago


New York, New York, United States Ellington Management Group Full time

Job Summary

Ellington Management Group, LLC is seeking a highly skilled Loan Underwriter / Loan Purchase Specialist to join our team. As a key member of our team, you will be responsible for underwriting loan submissions to Ellington guidelines, including identifying exceptions and corresponding compensating factors.

Responsibilities

  • Underwrite loan submissions to Ellington guidelines, including identification of exceptions and corresponding compensating factors.
  • Manage process for clearing review conditions, application of guideline waivers, and approval of loans for purchase.
  • Manage day-to-day point of contact with lender partners to provide superior customer service.
  • Interact with third-party vendors to obtain property valuations, title work, etc. as needed.
  • Manage other operational aspects of loan purchase program, such as custodian functions, servicer oversight, loan performance, special projects, as needed.

Requirements

  • 5 years of experience in frontline underwriting and/or oversight of residential loan-level underwriting and mortgage due diligence.
  • Good understanding of various product guidelines, including Fix and Flip lending, and Business Purpose Lending in general.
  • Previous experience working for a loan aggregator is a plus.

About Our Company

Ellington Management Group, LLC is a leading investment adviser with a highly analytical approach to portfolio construction and risk management.



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