What are the responsibilities and job description for the Non-QM Underwriter II position at JBA International?
Essential Job Functions:
- Communication: Liaises among borrowers, investors and escrow companies to communicate decisions on loans.
- Organization: Ensures loan files are complete with all outstanding issues addressed.
- Equipment: Uses such office equipment as computer terminals, copiers and FAX machines.
- Physical: Sits for extended time periods. Hearing and vision within normal ranges.
Responsibilities
- 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.
- 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 required 5 years
- Strong interpersonal-communication and business-relationship skills
- Detail oriented
- Excellent written and verbal communication skills
- Technologically proficient in MS Windows software
- High school diploma
- None