What are the responsibilities and job description for the Non-QM Underwriter position at JBA International?
Job Summary
The Underwriter is responsible for performing a complete credit assessment review to ensure compliance with appropriate company, agency, and secondary market investor standards to issue a loan decision. The Underwriter must evaluate loans to minimize risk and loss, maximize organizational profit, and clearly communicate a sound credit decision.
Responsibilities
Knowledge and Skills Required
Credentials and Experience Required
Supervisory Responsibilities, If Any
Physical Demands
While performing the duties of this job, employee is regularly required to:
The Underwriter is responsible for performing a complete credit assessment review to ensure compliance with appropriate company, agency, and secondary market investor standards to issue a loan decision. The Underwriter must evaluate loans to minimize risk and loss, maximize organizational profit, and clearly communicate a sound credit decision.
Responsibilities
- Review assigned loans and issue a credit decision based on program guidelines and risk evaluation.
- Validate accuracy of information presented on consumer’s loan application.
- Evaluate documentation to verify authenticity and consistency based on information presented within the consumer’s loan application.
- Request supporting documentation as necessary to satisfy all necessary guidelines and requirements.
- Investigate applicant credit and employment history, calculate income, evaluate assets, assess consumer’s ability to repay, and ensure collateral is supported.
- Perform due diligence using provided tools, searches, and other methods to identify any discrepancies and minimize risk of misrepresentation or fraud on any given loan.
- Monitor pipeline of various loan types to ensure loans are reviewed within a timely manner.
- Review resubmissions and conditions and provide appropriate loan status updates to team members.
- Provide excellent customer service and communication with both internal and external customers.
- Respond to status requests, clarifications, and other service-related questions.
- Ensure use of company’s credit and underwriting policies and follow all applicable regulations, policies, procedures, and protocol when making credit decisions.
- Recognize and escalate issues for second level review to a manager as necessary.
- Complete final credit approval and sign off, ensuring all documentation within the loan file is satisfactory and in a deliverable state.
- Review aged or problem loans as needed to assist with difficult loans to ensure they are saleable.
- Review and respond to post-closing inquiries or errors as needed to resolve issues.
- Participate in various department meetings and trainings (procedure changes, new programs, etc.).
- Carry out other tasks as assigned.
Knowledge and Skills Required
- Working knowledge and understanding of agency/industry regulations.
- Working knowledge of Mortgage Loan Origination and Underwriting processes.
- Ability to learn and follow company policies, procedures, and Underwriting protocol.
- Ability to embrace technology and utilize a task-based workflow.
- Excellent customer service and written/oral communication skills.
- Excellent work ethic.
Credentials and Experience Required
- Prior Underwriting experience in a traditional retail lending environment, including but not limited to conventional and non-conforming (non-QM loans).
- Minimum 3-5 years’ experience underwriting Non-QM loans.
Supervisory Responsibilities, If Any
- N/A
Physical Demands
While performing the duties of this job, employee is regularly required to:
- Sit for extended periods of time
- Reach with arms and grasp with hands
- Perform tasks using a computer and peripherals (keyboard, mouse, monitor)
- Hear, talk, read, and write
- Close vision (computer monitor, paperwork)