Underwriter

7 days ago


Charlotte, North Carolina, United States Community Savings Full time
Job Summary

Community Savings is seeking a highly skilled Underwriter to join our team. As an Underwriter, you will be responsible for underwriting non-agency/non-qm mortgage loans and performing credit analysis to ensure compliance with corporate/secondary market investor standards.

Key Responsibilities
  • Examine loan documentation, review it for accuracy and completeness, and find solutions to ensure loan approval.
  • Interpret and provide appropriate loan solutions for Non-QM/Non-Agency loan requests.
  • Analyze the borrower's credit file, collateral, and capacity to ensure creditworthiness.
  • Perform manual underwriting review to ensure the loan meets all product and property guidelines of the Company and investors.
  • Underwrite Non-Agency/non-QM wholesale/broker loans in a timely manner to ensure they meet the company and investors' product and property guidelines and all established loan policies, credit limits, and regulatory requirements.
  • Clear loan conditions in a timely manner; affirm data integrity on all submissions.
  • Identify potential misrepresentation or fraud.
  • Keep up-to-date with all guideline changes and system enhancements.
  • Adhere to general work requirements.
  • Work with internal and external partners to clear conditions in a timely manner.
  • Make moderately complex loan decisions based on the borrower's overall worthiness, layering of risk, and all program requirements, and issue loan approvals, suspensions, counteroffers, or denials.
  • Identify quality concerns and red flags and validate the accuracy of the risk associated with the borrower or property/collateral profile.
  • Communicate decisions (written and verbal) to all parties (specifically brokers and sales partners as appropriate) and build relationships with internal and external partners.
Requirements
  • 3-5 years underwriting Non-QM loans, including DSCR, bank statement & P&L loans, Foreign Nationals, and ITIN loan programs.
  • Manual DTI calculations, including full doc loans.
  • Experience with Meridian Link/Lending QB.
  • Strong analytical skills.
  • Good verbal and written communication skills.
  • Ability to provide outstanding customer service in a fast-paced environment.

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