Non-QM Underwriting Team Lead Help Non-QM Underwriting manager lead and manage a team of 8-12 Non-QM Underwriters Completes a thorough analysis of loan files to determine compliance with company and investor guidelines. Evaluates the entire credit package and collateral for residential mortgage loans and ultimately ensures an "investment" quality loan product. Checks accuracy of all calculations and data integrity. Completion of all required underwriting worksheets found in Fast. Trac 360 Resour... more details
Non-QM Underwriting Team Lead
ID
2024-6169
Category
Operations
Type
Regular Full-Time
Overview
This role is responsible for helping lead the PRMG Non-QM Corporate Underwriter team and will report to PRMG's Non-QM Underwriting Manager.
Responsibilities
Non-QM Underwriting Team Lead
Help Non-QM Underwriting manager lead and manage a team of 8-12 Non-QM Underwriters
Completes a thorough analysis of loan files to determine compliance with company and investor guidelines.
Evaluates the entire credit package and collateral for residential mortgage loans and ultimately ensures an “investment” quality loan product.
Checks accuracy of all calculations and data integrity.
Completion of all required underwriting worksheets found in FastTrac 360 Resource Center.
Recommends the loan disposition to underwriting manager for loan amounts in excess of authority limitation.
Maintains company standard for productivity level and complies with company policy of 48 hour underwriting turnaround time and 24 hour turnaround time for clearing conditions.
Strives to meet 2 decisions/day within allotted time.
Communicates decision on loans to appropriate parties both verbally and in writing.
Maintains underwriting activity logs and provides monthly underwriting report to underwriting manager.
Frontline underwriting of non-QM loan products.
Perform a thorough analysis of the applicant's income and expense data, asset documentation, credit reports, and property valuations.
Performing manual underwriting, requiring a detailed familiarity with various loan programs.
Executing an appraisal analysis to determine that acceptable collateral standards are met.
Additional related duties may be assigned, as required.
Available to processors for general guideline interpretations and questions on specific loan files.
Responds to post closing reviews and audits in a timely fashion.
Performs related duties, as directed by Underwriting or Operations Manager.
Qualifications
Minimum five years of recent NON-QM mortgage underwriting experience, with solid working knowledge of underwriting guidelines to include FNMA, FHLMC, and NON-QM Investors.
Minimum of 2 years of leading a team Non-QM Underwriters
Ability to review & calculate complex personal and/or business financials and tax profiles.
Excellent written and verbal communication.
Experience working in a fast-paced team environment.
Encompass loan origination system experience preferred
Skills:
Strong interpersonal-communication and business-relationship skills
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